Lagatar24 Desk
New Delhi, May 6: On the third day of the offer, the retail component of Life Insurance Corporation of India’s initial public offering was fully subscribed.
According to stock market data, the retail individual investor quota had been subscribed 1.01 times by 11.18 a.m. on Friday. The whole issue was 1.1 times subscribed, with continued robust demand from policyholders and workers. While employee quotas were subscribed 2.44 times, policyholder quotas were subscribed 3.34 times.
The non-institutional category, which includes corporations and individuals who are not retail investors, was 0.5 times oversubscribed. The part set aside for qualified institutional investors was subscribed to 0.4 times. In the last days of the offer, the segment is expected to experience increased interest.
Notably, the first public offering, which began on May 4, will end on May 9. The Centre will raise about Rs 21,000 crore at the upper end of the price band at Rs 949 per equity share.
