scorecardresearchLIC Listing: What should short and long term investors do now? Here's what experts say

LIC Listing: What should short and long term investors do now? Here's what experts say

Updated: 17 May 2022, 02:21 PM IST
TL;DR.
  • 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  <span class='webrupee'>₹</span>40.1 lakh crore which is 1.1 times more than the AUM of the Indian mutual fund industry. Photo: Reuters

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