LIC IPO: Policyholders’ portion fully subscribed, muted demand in non-institutional category

The much-awaited initial public offering (IPO) of Life Insurance Corporation of India (LIC) opened for public subscription on Wednesday morning, and around one-third of the shares were subscribed in the first two hours. Policyholders and employees are driving the subscriptions. The policyholders’ portion was fully subscribed just within a couple […]