Highlights

FPIs pour in just Rs 1,624 crore, Domestic MFs pick up over 70% of the anchor book offering
At Rs 21,000 crore-issue size, the LIC IPO is the largest India has seen so far

Latest news

Meet Larry, No.10 Downing Street's Chief Mouser and history keeper

WATCH | Showdown between embattled UK PM Boris Johnson and Opposition MP

WATCH | How not to let the monsoons rain on your 'baarat'

WATCH: Indian Coast Guard rescues crew from sinking ship in Arabian sea

India vs England 1st T20I Preview, Playing XI Prediction, live toss time, telecast and streaming details

LIC IPO: Anchor book fully subscribed, see who all invested

LIC IPO: 99 mutual fund schemes invest Rs 4,001 crore, buying the shares at the upper price band of Rs 949/share

Updated: May 04, 2022 02:39

EJ Biz Desk

Life Insurance Corporation(LIC) informed it has garnered a little over Rs 5,627 crore from anchor investors ahead of the LIC IPO opening for retail investors and the fund raising was led primarily by domestic institutions.

LIC IPO's anchor Investors' (AIs) portion (5.92 lakh equity shares) was subscribed at Rs 949 per equity share, the insurer said in a filing to stock exchanges. Details in the circular showed that 71.1% of which was subscribed by domestic mutual funds who look to invest Rs 4000 cr into the LIC IPO. Foreign investors pitched in merely Rs 1627 crore on the eve of India's largest-ever initial public offer(IPO) opening for retail investors.

Also read/watch| LIC IPO: Details an investor needs to know, issue size, dates & GMP

SBI Equity Hybrid Fund (9.22 per cent), ICICI Prudential Value Discovery Fund (3.91 per cent) and SBI Balanced Advantage Fund (3.64 per cent) have seen the largest chunk of allocation in the anchor book. Also getting a slice of the pie are ICICI Prudential Mutual Fund, HDFC Mutual Fund, Axis Mutual Fund, Kotak Mutual Fund are a few others that have been allocated shares in the anchor investor quota.

Also Watch: LIC IPO Announced: Offer to open on May 4 for retail investors