LIC IPO: Policyholders portion oversubscribed by 5.04 times, demand from QIBs tepid on 5th Day
Data given on NSE showed that cumulatively LIC IPO received bids of 29,08,27,860 equity shares against the offered size of 16,20,78,067 equity shares - subscribing by 1.79 times.
LIC IPO: Policyholders continue to tap LIC IPO with the portion reserved for this category now oversubscribing by more than 5 times on Sunday. The portion reserved for employees, retail investors, and HNIs also picked momentum on the 5th day. However, the demand from QIBs remained broadly muted.
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