Institutional Investors Oversubscribe LIC OFS, Bid ₹36,400 Crore; Retail Offer Begins Tomorrow

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4 August 2026 at 7:49 pm

Institutional Investors Oversubscribe LIC OFS, Bid ₹36,400 Crore; Retail Offer Begins Tomorrow

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Summary

Institutional investors have oversubscribed the government's 6.5% share sale of LIC, bidding ₹36,400 crore, with the retail offer set to open tomorrow, August 5, at a floor price of ₹382 per share.

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