LIC Mega IPO Last Day Detail

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LIC IPO has received the highest number of subscriptions in the reserved quota for policyholders and employees.

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LIC mega IPO filled 2.94 times till the last day. It can be considered good in terms of its huge size.

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The quota of policyholders got better response. About 6 times subscription has been received in the quota of policyholders.

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Excellent subscription has also been received from the quota of employees. The quota of employees is filled about 4.32 times.

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On the last day of LIC IPO, the share of eligible institutional buyers (QIBs) is 2.83 times, the share of non-institutional investors is 2.88 times.

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Retail investors' quota is filled 1.95 times. According to experts, there is a possibility of change in the final figure of subscription.

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Through LIC's Mega IPO, the Government of India is raising Rs 21,000 crore by selling its 3.5 percent stake.

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The price band of Life Insurance Corporation of India was fixed by the government at Rs 902-949 per share.

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The mega issue of LIC was open for general investors on 4 May 2022 and for anchor investors on 2 May.

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LIC has already raised Rs 5,627 crore from anchor investors. According to experts, it can be a good investment.

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