Bogus applications swamped LIC IPO
Over 12 lakh ‘not banked’ applications show either the brokers knowingly uploaded bogus applications on the exchanges’ systems or 12 lakh, who applied for LIC IPO, lost interest in it subsequently.
lic ipo subscription
May 2022
LIC IPO: SC denies intervention, seeks govt’s response in 4 weeks
Petitioners will have to submit their counter responses against Centre's remarks in four weeks after they are filed before the apex court.
LIC IPO: Grey market premium falls 90% ahead of lisiting
LIC shares were selling at a premium of just ₹10 in the unregulated grey market amid weakness in the equity market, in line with global peers.
Sea of exemptions to LIC IPO open a can of worms
The ambiguity caused by the special treatment to LIC will make it easier for others to seek exemptions as there are no rules that define the basis on which exemptions may be granted or denied
LIC IPO subscribed 1.2 times on Day 3; booking open on Sat, Sun
RBI has requested all bank branches designated to process ASBA applications be kept open to the public to facilitate bidding for LIC IPO.
LIC IPO Day 2: Issue subscribed 97%; retail quota filled 0.87 times
The LIC IPO was booked 67% on the first day on May 4, while the quota reserved for policyholders and employees was also fully subscribed on the first day itself.
LIC IPO: Policyholder portion oversubscribed within hours
Around 43% of the retail portion of the issue was subscribed with bids submitted for 2,98,16,430 shares, compared to 6,91,79,663 shares on offer in the segment.
