Channel: Mahendra kori

Category: Education

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Description: The biggest initial public offering (IPO) in the history of Indian markets, LIC IPO was subscribed 65 percent at 18:18 hours IST on May 4, the first day of bidding. The LIC policyholders lead the initial bout of buying in insurers' IPO as they have subscribed 1.91 times the portion reserved for them. The employee reserved portion has been subscribed to 112 percent, while the retail investor's portion has been subscribed to 58 percent. Non Institutional investors have subscribed to 26 percent of their portion while qualified institutional buyers bought 33 percent of the allotted quota of 3.95 crore shares, till now.