Life Insurance Corporation's IPO, the country's biggest public offer, was subscribed 1.79 times on the penultimate day of the offer on Sunday. Against 16,20,78,067 shares on offer, 29,08,27,860 bids were received, according to the data posted on stock exchanges at 7 pm. However, the Qualified Institutional Buyer (QIB) category is yet to be fully subscribed. Bids were received for 0.67 per cent of the shares earmarked for the segment, showing a poor response.from IndiaTV Business: Google News Feed https://ift.tt/CzBi8yb
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