LIC Share Price- Money India Raised
India raised 205.6 billion rupees ($2.7 billion) as its biggest initial public offering priced at the top of the indicated range.
LIC IPO was successful because of strong demand from local investors and a last-minute dash by foreign funds.
LIC Share Price- Reason behind Success
LIC Share Price- Company Officiall Declared
Life Insurance Corporation of India will offer at 949 rupees a share, the state-run firm said in a prospectus filed Friday.
Foreign institutional investors stepped up their bids for the sale in the last hours before the close of subscription.
LIC Share Price- Foreign Investors Role
LIC Share Price- India's Aramco Moments
Dubbed India’s “Aramco moment” in reference to Gulf oil giant Saudi Arabian Oil Co.’s $29.4 billion listing in 2019.
The float of LIC has ended up resembling the Aramco IPO not just in scale but in its reliance on domestic investors.
LIC Share Price- Domestic Investors Role
LIC Share Price- Discount Offered
Retail investors were given a discount of 45 rupees on the offer price, while policyholders received a 60-rupee discount.
Besides smashing India’s record as the country’s biggest IPO, LIC’s offering is also the world’s fourth-biggest this year.
LIC Share Price
- World's One of the Biggest
LIC Share Price
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