The portion set aside for policyholders portion has been subscribed 3.19 times and staff 2.28 times.
For retail investors subscribed 0.97 times, while QIBs bid for 0.40 times shares of their allotted quota and NII lapped up 0.48 times of their portion.
The country's biggest-ever IPO was fully subscribed on the second day of bidding on Thursday. The issue opened for subscription on Wednesday, May 4, 2022 and closed on May 9.
The issue will remain open for a subscription even on Saturday, May 7. The price band for this IPO has been fixed at Rs 902-949 per equity share. The retail investors and eligible employees will get a discount of Rs 45 per equity share and policyholders will get a discount of Rs 60 per share.
RBI vide it's Circular dated May 4 recommended all bank branches designated to handle ASBA applications kept open to the public on Sunday, May 8, 2022. The same reflect on the exchanges and bids will be accepted on Saturday as well as Sunday now between 10am to 7pm.
According to the media reports, the RBI has announced a rate hike of 40 bps in the repo rate—from 4 per cent to 4.40 per cent, and the grey market premium (GMP) for the LIC shares crashed to Rs86. Before the crash, the grey market premium for the LIC shares was on a steady note from Rs72 to Rs85 to Rs105, whereas it peaked at Rs125 on the first day of the IPO opening.
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