LIC emerged as the largest bidder in NSE’s ₹22,800 crore IPO with ₹4,500 crore in bids, joined by ICICI Prudential and Quant Mutual Fund. Despite cautious retail participation (1.3x), strong institutional demand (12.7x) drove overall subscription to 5.7x ahead of its September 24 listing on BSE.
LIC emerged as the largest bidder in NSE’s ₹22,800 crore IPO with ₹4,500 crore in bids, joined by ICICI Prudential and Quant Mutual Fund. Despite cautious retail participation (1.3x), strong institutional demand (12.7x) drove overall subscription to 5.7x ahead of its September 24 listing on BSE.
<iframe src="https://hindustansphere.com/embed/cluster/7ba0a550d64d66e7845dc7543fcaadeb8fcf12f2" width="100%" height="320" style="border:0;max-width:680px" loading="lazy" title="LIC said to lead bidding in NSE’s Rs 22,800 crore IPO"></iframe>
