LIC IPO to make debut in BSE, NSE today; check details
Bhubaneswar, May 17 -- The Life Insurance Corporation of India (LIC) is all set to make its debut in the stock market on Tuesday.
After rolling out Initial Public Offer (IPO) for public on May 4, India's largest insurance provider's share will be listed on the stock markets from today.
The initial public offering of Life Insurance Corporation of India has received robust response from investors with the insurance major's offer having been subscribed 2.89 times.
It received bids for 46.77 crore equity shares against IPO size of 16.2 crore equity shares.
The portion set aside for policyholders has been subscribed 5.97 times, employees bid 4.31 times the allotted quota, and retail investors 1.94 times, while the reserved portion of quali...
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