LIC IPO Launch: Wait for LIC IPO is over, open for subscription, will be able to bid till May 9
The biggest IPO of LIC in the history of the country has opened for subscription. Now till May 9, investors can bid for it. It is worth noting that this IPO will be open till 5 pm on May 9.
With the opening of LIC IPO, investors are broken on it. This can be gauged from the fact that within ten minutes of opening, 17 lakh shares were bid for. The size of this IPO is Rs 21 thousand crores, which makes it the biggest IPO ever.
Explain that the price band of this IPO has been fixed at Rs 902-949 per share. Experts say that investing in it can prove to be a profitable deal for the long term. Its listing in the stock market will take place on May 17.