LIC IPO GMP today: From subscription status to other details- All you need to know
LIC IPO GMP today: The last day to apply for the initial public offer (IPO) of the Life Insurance Corporation of India (LIC), biggest public offer in India is near. Yes, the bidding process for LIC IPO will conclude on Monday, May 9, 2022. Investors and bidders have a chance to apply to the public offering today, Sunday (May 8). Today being the 5th day of the bidding process, investors can apply for the LIC IPO online via Paytm, Groww, Upstox, among others. According to the information provided by ipowatch.in2, LIC IPO GMP was at Rs. 60 on Saturday, May 7 against Rs. 50 on May 6.
On Day 4: The shares of the ₹21,000-crore issue were subscribed 1.66 times on the 4th day of the bidding process. The portion reserved for Qualified Institutions (QIB) was subscribed 0.67 times, Non-institutional Buyers 1.08 times, Retail Investors 1.46 times, Employees 3.54 times, and Policyholders 4.67 times.
On Day 3: On the third day of the bidding process, the public issue was subscribed 1.38 times. The portion reserved for Qualified Institutions (QIB) was subscribed 0.56 times, Non-institutional Buyers 0.76 times, and Retail Investors 1.23 times.
On Day 2: The issue was subscribed 1.03 times on day 2. The portion reserved for Qualified Institutions (QIB) was subscribed 0.40 times, Non-institutional Buyers 0.47 times, and Retail Investors 0.93 times.
On Day 1: The shares of the LIC IPO were subscribed 0.67 times on day 1. The portion reserved for Qualified Institutions (QIB) was subscribed 0.33 times, Non-institutional Buyers 0.27 times, and Retail Investors 0.60 times.
Meanwhile investors who will be applying for the offering today (day 5 of the bidding process) can know that the price band of the LIC IPO has been fixed between Rs. 902 and Rs.
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