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LIC Prices IPO At Rs 949 Per Share, Top Of Indicated Range : Report

by Nick Erickson
May 13, 2022
in Business
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The LIC IPO’s six days of bidding ended on May 9.

Bengaluru:

India’s Life Insurance Corp (LIC) has priced its first public offering at the high end of its stated range, at Rs 949 ($12.28), ET Now said Friday, citing agencies.

The country’s largest-ever IPO was oversubscribed by 2.95 as six days of bidding came to an end on May 9.

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