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Supreme Court refuses to interfere in LIC IPO

By Livemint
Supreme Court on Thursday refused to grant interim relief to a matter related to LIC IPO

The LIC IPO will be listed on the bourses on May 17 subject to regulatory approvals. The issue has been subscribed 2.95 times on the final day in what could be seen as a healthy response from the investors even though participation from the FIIs remained subdued. 47.83 crore equity shares were received against an IPO size of 16.2 crore equity shares. The policyholder bucket has been subscribed 6.11 times while the employees portion saw bidding of 4.39 times. The retail investors' bid was subscribed 1.99 times and the noninstitutional investors portion was subscribed 2.91 times.

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