LIC IPO first day first show: Positive start for India's biggest IPO | Check Subscription status
India Today
The LIC IPO opened for subscription on Wednesday and the application process will continue till May 9.
India's biggest initial public offering is finally here. Life Insurance Corporation's (LIC) IPO on Wednesday opened for subscription for insurer's policyholders and employees, and investors. The subscription process of LIC has opened to a positive response.
The employee portion has been subscribed a whopping 0.38 times so far, the policyholder portion saw a subscription of 0.81 times. The retail segment has been subscribed 0.24 times.
LIC IPO SUBSCRIPTION DATE
The LIC IPO opened for subscription on Wednesday and the application process will continue till May 9.
LIC's shares will be listed and start trading on the stock exchanges on May 17.
LIC IPO DETAILS
The government is selling 22,13,74,920 shares in LIC at a price band of Rs 902-949 a share. The government aims to raise about Rs 21,000 crore.
