LIC IPO: Check latest GMP, subscription status, and other details to know before applying
Zee News
Interested investors can check LIC IPO's latest GMP, and category-wise subscription status before applying for the offer.
New Delhi: LIC IPO, the country's biggest ever, has received an impressive from retail investors and policyholders. The quota for the retail portion was finally subscribed fully on day three on Friday (May 6), signalling strong demand for LIC IPO shares among retail investors. If you haven’t bid for LIC IPO yet, you should know the offer’s grey market price (GMP), subscription status and other details before applying.
LIC IPO Subscription Status
The Retail Individual Investor (RII) quota garnered over 7.2 crore bids, as against 6.9 crore shares set aside for this segment, as per the data at 11:36 am on Friday, meaning that the segment was fully subscribed.
Whereas, the Qualified Institutional Buyer and Non-Institutional Investor portion have been receiving a tepid response, according to a report by PTI. NII portion was subscribed 50 per cent, while QIBs' portion is still lower at 40 per cent.
The policyholder portion was fully subscribed on day one of the offer. The quota has now been subscribed over three times. On the other hand, the reserved employees' segment was subscribed nearly two and half times.
