DIPAM Secretary Pandey calls LIC IPO a ‘tremendous success’

May 09, 2022

New Delhi, May 09 (ANI): Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey on May 09 said that LIC IPO has met with tremendous success from all categories of investors and it has received bids for 47.83 crore equity shares against 16.20 crore shares. “LIC IPO has met with tremendous success from all categories of investors. At the close of subscription on Monday, the issue was oversubscribed nearly 3 times, with policyholder’s portion receiving the maximum bids at a little over 6 times,” said Kanta.