LIC IPO fully subscribed on day 2 of bidding

Posted on by superadmin | 609 Views | 11 min read
LIC IPO fully subscribed on day 2 of bidding

NEW DELHI: India’s biggest initial public offer (IPO) by insurance behemoth Life Insurance Corporation (LIC) was fully subscribed on day 2 bidding, data from exchanges showed. Bids were received for 16.25 crore shares as against 16.20 shares being offered for sale by LIC. The portion reserved for policyholders and employees received the most number of

Explained in 5 charts: India’s biggest IPO ever

Posted on by superadmin | 904 Views | 20 min read
PTI 155 PML-Q 4 GDA 3 BAP 1 AML 1 (9)

NEW DELHI: India’s biggest ever initial public offer (IPO) by Life Insurance Corporation (LIC) of India is finally here. After much speculations, the government on Wednesday filed a revised draft red herring prospectus (DRHP) with Securities and Exchange Board of India (Sebi). “The time has come for LIC to be listed. I believe all LICians

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