The initial public offering (IPO) of the insurance behemoth Life Insurance Corporation (LIC) was subscribed fully in the first hour of bidding on day three on Friday. The Retail Individual Investor (RII) category garnered over 7.2 crore bids against 6.9 crore shares set aside for this segment, as per the data on stock exchanges at 11:36 am on Friday. The segment was thus fully subscribed.
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