Gallery
- PM Modi visit USAOnly the mirror in my washroom and phone gallery see the crazy me : Sara KhanKarnataka rain fury: Photos of flooded streets, uprooted treesCannes 2022: Deepika Padukone stuns at the French Riviera in Sabyasachi outfitRanbir Kapoor And Alia Bhatt's Wedding Pics - Sealed With A KissOscars 2022: Every Academy Award WinnerShane Warne (1969-2022): Australian cricket legend's life in picturesPhotos: What Russia's invasion of Ukraine looks like on the groundLata Mangeshkar (1929-2022): A pictorial tribute to the 'Nightingale of India'PM Modi unveils 216-feet tall Statue of Equality in Hyderabad (PHOTOS)
The 15th Hockey India Senior Men National Championship, set to take place from April 4 to
- Mensik denies Djokovic 100th title in Miami final
- KIPG: Son of a vegetable vendor, Bihar’s Jhandu Kumar eyes Worlds, 2028 Paralympics
- Hardik Singh credits hard work and team unity for receiving HI Midfielder of the Year award
- Djokovic, Alcaraz land in same half of Miami draw
- India to host 2nd Asian Yogasana Championships from March 29 to 31
LIC, India's biggest IPO, lists at over 8% discount in tepid debut Last Updated : 17 May 2022 11:15:03 AM IST Shares of the much-awaited Life Insurance Corporation of India (LIC) made a weak listing on the stock exchanges on Tuesday.
The Indian insurance major listed on the stock exchanges at a discount of 8.62 per cent at Rs 867, from its Initial Public Offering (IPO) issue price of Rs 949.The initial public offering of LIC had, however, received robust response from investors as the insurance major's offer has been subscribed 2.89 times.It received bids for 46.77 crore equity shares against IPO size of 16.2 crore equity shares.The portion set aside for policyholders has been subscribed 5.97 times, employees bid 4.31 times the allotted quota and retail investors 1.94 times, while the reserved portion of qualified institutional buyers has booked 2.83 times and that of non-institutional investors 2.8 times.The long-awaited IPO for the LIC was open for subscription till May 9.The government has brought down the issue size from 5 per cent to 3.5 per cent -- Rs 21,000 crore.It will be a landmark public issue in the history of the Indian capital market and is poised to be India's biggest IPO till date.The IPO values LIC at Rs 6 lakh crore.The issue offer of the LIC was in the price band of Rs 902 to Rs 949.Also, the policyholders were offered a Rs 60 discount, while for retail investors, the discount was at Rs 45IANS New Delhi For Latest Updates Please-
Join us on
Follow us on
172.31.16.186