Against 3,95,31,236 reserved, 4,61,62,185 bids were received, reflecting a subscription of 1.17 times, according to data posted on stock exchanges at 12:12 pm
The policyholder quota was subscribed over 5 times, employee portion 3.8 times and retail individual investor quota 1.6 times.
Industry players said the refund process for LIC's IPO will complete on May 13 - the same day when Delhivery IPO closes
"Having an international investor like Exor or Gateway increases the confidence in the market because of the strong governance," said Viswanathan.
The portion of LIC's initial public offering earmarked for non-institutional investors, including high net-worth individuals, has been subscribed fully on the fourth day on Saturday
The initial share-sale will be open for public subscription on May 11 and conclude on May 13
The policyholder quota was subscribed 4 times, employee portion 3.1 times and retail individual investor quota 1.23 times
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Logistics company's anchor allotment on May 10 will demonstrate interest among investors for tech startups, say experts.
LIC's IPO will remain open for subscription even on the weekend, given the large amount the government is looking to raise from the market
The Ahmedabad-based firm's IPO will open from May 10 to May 12
Sees participation from 3.6 mn individual investors; policyholders lead
By Thursday, the second day of the offering, investors had already put in orders for 90% of the shares for sale in India's biggest IPO.
"We see the arrival of external shareholders with experience of the insurance industry as a further key benefit of the IPO," Moody's said.
The three-day initial share-sale will open for public subscription on May 10 and the bidding for anchor investors will open on May 9, according to the company
Interestingly, LIC's IPO will remain open for subscription even on the weekend, given the large amount the government is looking to raise from the market
The non-institutional category, consisting of corporates, individuals, and others has seen muted demand, with only 5 per cent subscription so far
Retail investors will be alloted 35% of the total shares in the offer, and given a discount of 45 rupees from the IPO price
The much-awaited IPO of Life Insurance Corporation is set to open for subscription today, after it recorded bumper participation from anchor investors. Find out if you should subscribe to it.
LIC public offer, the country's biggest-ever IPO, on Wednesday opened for subscription for retail and institutional investors.