What was the LIC IPO subscription numbers at the close of the second day of the issue?

As of the close of the second day of the IPO, LIC had already generated bids worth Rs.20,744 crore (including anchor bids). The issue has just about been subscribed once. However, the main QIB, HNI and retail portions are still short of being filled up even one time. The real oversubscription has come from the employees quota and the policyholder quota.

One must remember that the policyholder quota has the highest discount on IPO price. The LIC IPO has seen retail participation from over 36 lakh individual investors and is expected to cross the 1 crore mark by the time the issue closes on 09th May, Monday. The QIB portion and HNI portion typically see maximum response only on the last day of the IPO.