LIC IPO: Qualified Institutional Buyers' Quota Fully Subscribed
NDTV
Qualified Institutional Buyers' (QIB), including banks and mutual funds, quota in the LIC's IPI were subscribed fully on Monday morning.
Shares reserved for Qualified Institutional Buyers (QIB), including banks and mutual funds in the LIC's public offer were subscribed fully on Monday morning, taking the overall subscription of the issue to a little over 2 times.
Against 3,95,31,236 reserved, 4,61,62,185 bids were received, reflecting a subscription of 1.17 times, according to data posted on stock exchanges at 12:12 pm.
For key highlights: LIC IPO: Last Day Of Bidding, Issue Oversubscribed By 2 Times So Far
Non institutional investors' portion was subscribed 1.38 times. Retail individual investors bid for 11.89 crore shares as against 6.9 crore shares set aside for this segment -- translating into oversubscription of 1.72 times.
