The LIC IPO on the 5th day of bidding i.e. May 8 was subscribed 1.79 times in total. The QIB portion got subscribed 0.67x, HNI portion 1.24x, Retail 1.59x, Employee 3.79 times and policyholder 5.04x. The total applications received for the issue are 5896159 in number. The largest ever IPO in India by the public insurer firm Life Insurance Corporation of India will remain open for subscription until May 9, 2022. The complete Offer for Sale (OFS) issue is expecting to garner Rs. 20,557 crore
LIC IPO GMP
The grey market premium for LIC IPO as on May 8 as per Ipowatch.in-the portal that tracks the market of unlisted securities is Rs. 60. So considering the upper price band of the issue of Rs. 949, the IPO of LIC may list with gains of Rs. 60 at Rs. 1009 or listing gains to the tune of over 6%. It is expected that premium could further soar in the coming days ahead of the IPO listing date as the demand for IPO shares rises.