The LIC IPO price was Rs.760 per equity share. The LIC IPO was open between 7th to 9th September 2020. LIC offered 1,abby shares with a face value of Rs.10 each.
The issue was priced at a price band of Rs.760 to Rs.768, with a lot size of 12 equity shares. Retail investors were given a discount of Rs. 15 per share, at the upper end of the price band.
The issue was subscribed 104 times, indicating a strong investor demand. The issue was subscribed primarily by retail investors, with retail portion being subscribed 176.5 times. This proves that investors had a strong appetite for life insurance products and LIC as an insurance brand.
The LIC IPO was managed by IDBI Capital Markets and Securities, Axis Capital, Edelweiss Financial Services and ICICI Securities.
Reference:
https://www.moneycontrol.com/news/business/ipo/lic-ipo-small-retail-investors-apply-in-large-numbers-marketing-campaign-sees-overwhelming-response-6406381.html
