LIC Listing: What should short and long term investors do now? Here's what experts say
Updated: 17 May 2022, 02:21 PM IST
- The LIC IPO, which opened for subscription on May 4 and ended on May 9, was oversubscribed 2.95 times. It received bids worth ₹43,933.5 crore till May 9, the final day of bidding, which was more than double the issue size.
LIC is the country's largest asset manager with an asset under management (AUM) of ₹40.1 lakh crore which is 1.1 times more than the AUM of the Indian mutual fund industry. Photo: Reuters