4 May 2022, 16:17 PM
Of the total, the policyholder portion was subscribed fully while the reserved employees' portion was subscribed 0.49 times, as per the data on stock exchanges.
4 May 2022, 16:16 PM
LIC IPO was subscribed 0.29 times till noon by investors on the first day
4 May 2022, 16:16 PM
Qualified Institutional Buyer (QIB) and Non-Institutional Investor (NII) portion has received a tepid response so far.
4 May 2022, 12:41 PM
At 12.24 PM, LIC IPO was subscribed 30 percent. Policyholders was fully subscribed, employees quota saw 52% subscription and retail category was subscribed 34% of its alloted portion.
4 May 2022, 12:15 PM
The final IPO price of LIC will be determined after the subscription closes.
4 May 2022, 11:42 AM
LIC IPO was subscribed 27 percent as of 12pm the first day of its listing today
4 May 2022, 11:41 AM
As per a National Stock Exchange notification, Life Insurance Corp India's initial public offering will remain open for subscription even on Saturday, May 7
4 May 2022, 11:06 AM
As per initial reports, the LIC IPO logged 10 percent subscription on debut. Employees policy holders booked 21 percent while retail investors clocked 15 percent. At 889 per share for LIC POLICYHOLDERS, for an allotment of 15 shares, you will pay Rs 13,335.
4 May 2022, 10:39 AM
List of other big IPOs (Company name/Size (in crore)/IPO date)
LIC /20557/4-9 May, 2022
Paytm/18300/8-10 Nov, 2021
Coal India/15475/18-21 Oct, 2010
Reliance Power/11563/15-18 Jan, 2008
General Insurance/11372/11-13 Oct, 2017
SBI Card/10354/2-5 Mar, 2020
4 May 2022, 10:34 AM
Equity benchmarks Sensex and Nifty turned choppy on Wednesday, ahead of the LIC IPO, tracking weakness in index heavyweights Reliance Industries, TCS and HDFC Bank amid a mixed trend in global markets.
4 May 2022, 09:59 AM
LIC public offer, the country's biggest-ever IPO, on Wednesday opened for subscription for retail and institutional investors at 10 am
4 May 2022, 09:59 AM
The rupee appreciated 8 paise to 76.40 against the US dollar in opening trade on Wednesday in anticipation of foreign fund inflows through LIC IPO. At the interbank foreign exchange, the rupee opened at 76.46 against the American dollar, then gained further ground to quote at 76.40, registering a rise of 8 paise from the last close.
4 May 2022, 08:21 AM
LIC's embedded value, which is a measure of the consolidated shareholders' value in an insurance company, was pegged at about Rs 5.4 lakh crore as of September 30, 2021, by international actuarial firm Milliman Advisors.
4 May 2022, 08:20 AM
The government shareholding in LIC will not fall below 51%.
4 May 2022, 08:09 AM
LIC Managing Director Siddhartha Mohanty had previously said that the government's sovereign cover will continue under Section 37 of the LIC Act.
4 May 2022, 08:09 AM
Its product portfolio comprises 32 individual products (16 participating products and 16 non-participating products) and seven individual optional rider benefits. The insurer's group product portfolio comprises 11 group products.
4 May 2022, 08:04 AM
LIC was formed by merging and nationalizing as many as 245 private life insurance companies on September 1, 1956, with an initial capital of Rs 5 crore.