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LIC IPO DAY 3: Policyholder oversubscribe 3.84 times, staff 2.92 times, retail 1.18, QII 55%, and NII 66%

LIC IPO DAY 3: Policyholder oversubscribe 3.84 times, staff 2.92 times, retail 1.18, QII 55%, and NII 66%

May 07, 2022, at 02:25 am

Mumbai/IBNS: The initial public offering (IPO) of Life Insurance Corporation (LIC), India's largest life insurance enterprise, has been oversubscribed 1.31 times, receiving bids for 21.3 crore shares against the offer of 16.2 crore shares, Moneycontrol reported.