Live updates | LIC IPO Subscription Status Day 1: Employees, policy holders quota oversubscribed; total subscription at 63%

LIC IPO received good response on the first day of the opening of the India’s largest initial public offer. The issue was subscribed 0.63 times at 5.12 pm, as per BSE IPO data. Against total 16,20,78,067 equity shares, bids were made for 10,19,53,305 shares on Wednesday. The subscription was led by LIC policy holders, who subscribed to the issue 1.85 times. It was followed by employees who subscribed to the issue 1.5 times, retail investors portion was booked 0.56 times, QIBs saw 33% bidding, while Non-Institutional Investors subscribed to the issue 0.25 times, as per the BSE IPO data at 5.12 pm. 

Source: BSE