News From Press LIC IPO fully subscribed on Day 2

LIC IPO fully subscribed on Day 2

Source: Mint May 6, 2022

Despite volatile stock markets, LIC IPO, the country's biggest-ever public offer, has seen a good demand from investors. The government aims to generate about ₹21,000 crore by selling 3.5 per cent stake in the insurance behemoth. The IPO, which opened on May 4th, will close on on May 9. Bidding for LIC IPO will also remain open on Saturday, May 7.

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