Published By : Tuhina Sahoo | May 17, 2022 12:44 PM
Share
Mumbai, May 17: Life Insurance Corporation of India (LIC) listed its shares on the stock exchange today. The Rs 21,000 crore initial public offering (IPO) of LIC had witnessed a good response from the investors getting subscribed 2.95 times after a marathon 6-day subscription period from May 4-9. The shares which are to be allocated for the qualified institutional buyers (QIBs) were subscribed 2.83 times, while those of non-institutional investors were subscribed 2.91 times and that of retail individual investors (RIIs) was subscribed 1.99 times. Apart from these, the policyholder’s portion was subscribed 6.12 times while the employees segment was subscribed 4.40 times. Moreover, the issue price of LIC was fixed at Rs 949 a piece for allotment to investors. All policyholders and retail investors got the shares at a price of Rs 889 and Rs 904 apiece, respectively, after taking into account the discount offered. The government had offered a discount of Rs 60 per share for its policyholders and Rs 45 apiece for retail investors and LIC employees.
Prameya English Is Now On WhatsApp Join And Get Latest News Updates Delivered To You Via WhatsApp
You Might Also Like
More From Related News
Mexico's Plan to Cut U.S. Milk Powder Imports Could Reshape Global Trade: Can it Benefit India?
MCL holds strategic meet to strengthen coal quality
Regulatory failure never led to Jane Street’s illegal acts in India: Madhabi Buch
Jio adds highest 1.54 lakh new mobile subscribers in Odisha in May: TRAI data
World's Most Expensive Handbag: Jane Birkin's Hermès Bag Fetches $10 Million
HUL Makes History: Priya Nair Named First Woman CEO in Company's 92-Year Journey
Union Minister Rajiv Ranjan Singh unveils 17 new fisheries clusters at ICAR-CIFA, Bhubaneswar
Odisha honoured by Agriculture Today for best agricultural practices
Over 57% of Odisha Yatri users are women
IBCS Organises FDP on India's Growth and Economic Challenges
Odisha tops in private investments, says Industries Minister Sampad Swain
Google Launches AI Mode in Search Across India, English Only for Now
Google launches AI mode feature for all users in India
JSW Steel’s Narayanposhi Mines honoured with 5-star award
Titan Shares Plunge: Jhunjhunwala Family Loses Rs 900 Crore as Tata Stock Hits 52-Week Low
Jindal (India) gets nod for ₹3,600 Cr greenfield steel plant in Odisha
Odisha govt. revokes restrictions on delinked HDFC, Axis and ICICI Banks
RBI led ' HDFC Bank Currency Chest' floats Mega Coin Mela at Puri Grand Road ahead of Bahuda Yatra
Microsoft Manager Laid Off After 25 Years Shares Bittersweet Farewell in Viral LinkedIn Post
Foxconn Recalls Chinese Engineers from India, Threatens Apple iPhone 17 Production