May 7, 2022 8:07 AM

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LIC IPO to remain open for subscription on Saturday and Sunday

<span style="color: #222222;">The Initial Public Offering (IPO) of Life Insurance Corporation of India (LIC) will remain open for subscription on Saturday and Sunday.<br />''<br />'' Reserve Bank of India has directed all banks to keep their window open to allow applications for LIC IPO even on Sunday.<br />''<br />'' It will remain open for investors till May 9. The indicative price range has been set at 902 to 949 rupees per share.<br />''<br />''The government is selling more than 22 crore 13 lakh shares of LIC targeting to raise about 21,000 crore rupees.<br />''<br />'' The allotment of shares to the demat account of bidders will happen by May 16. The IPO will list for trading on May 17.</span><br />

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