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LIC IPO Subscription Status: The country's largest LIC IPO is getting a strong response from retail investors. Especially the excellent figures of the policy holders category have come to the fore. By 12.30 pm on the first day, the LIC policy holder category has become more than 100% subscribed, that is, completely filled.
Apart from this, the reserve quota for LIC employees has also become more than 50 percent subscribed till 12.30 pm. At the same time, the share of NII is only 0.06 percent. Overall, LIC IPO has been subscribed about 31 percent till 12 noon of the first day. However, in this IPO, investors will be able to apply in IPO from today till May 9.
Most applications in the insurance holder category
There are many reasons behind the enthusiasm among LIC policy holders and LIC employees regarding this IPO. To make this IPO a hit, the government has given a reservation of 10 percent in the policy holder category. Also, a discount of Rs 60 per share is being given. At the same time, LIC employees are getting a discount of Rs 45 per share in this IPO.
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