LIC IPO- Foreign Investor increased Bids
Foreign institutional investors stepped up their bids for India’s biggest share sale in the last hours.
Overseas investors put in orders for 61% of the shares set aside for institutional buyers in the $2.7 billion IPO.
LIC IPO Offerings
LIC IPO- 3 Times Oversubscribed
The left portion of LIC Initial Public Offerings was oversubscribed nearly three times by the end of the bidding.
LIC IPO also drew in sovereign funds from Norway and Singapore, most of the shares still went to domestic mutual funds
LIC IPO Offerings- Norway & Singapore
LIC IPO- Domestic Investor Capabilities
This shows that the capacity of our domestic investors and markets has gone up considerably.
LIC has been seeking to drum up interest with newspaper advertisements since start of the year to take advantage of investors.
LIC IPO Offerings- Advertisement
LIC IPO- Cut Fund Raising by 60%
India’s government had cut the fundraising of the IPO by about 60% as the war in Ukraine roiled markets, denting risk appetite.
LIC is not only the largest insurance company but also the largest local investor in India.
LIC IPO Offerings- Largest Local Investor
LIC IPO Offerings- Swipe Up for More!!!
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