The initial public offering (IPO) of Life Insurance Corporation of India (LIC) opened for subscription today (04 May). The insurance behemoth mopped up Rs 5,627 crore from its anchor investors with domestic mutual funds accounting for 71 percent of anchor book subscription.
Recommended Articles
View All
Biggest casualty of ending LTCG regime is not debt funds but the debt market
Mar 25, 2023 IST6 Min(s) Read
US Fed rate hike — willing to hit but afraid to wound
Mar 25, 2023 IST4 Min(s) Read
Withering Weather: Experts see erratic rains to spell higher food prices and tougher inflation ahead
Mar 24, 2023 IST4 Min(s) Read
Decoding Finance Bill proposals for debt funds: What remains and what changes
Mar 24, 2023 IST3 Min(s) Read
LIC is offering over 22 crore shares for a 3.5 percent stake, as it aims to raise over Rs 21,000 crore.
Retail investors will be allotted 35 percent of the total shares in the offer and will be given a discount of Rs 45 from the IPO price.
To discuss the offering, CNBC-TV18 spoke to Nilesh Sathe, Former Member of IRDAI and Jigar Mistry, Co-Founder of Buoyant Capital.
Watch video for more.
