MUMBAI, 09 MAY, 2022 (GPN):

LIC IPO Quote (Day 4 Subscription)

Mr. Girirajan Murugan, CEO, FundsIndia

Participation from tier 2-3 cities is high for LIC IPO, we can attribute this to the deeper agent and policy holder penetration of LIC. We have got a good amount of applications from the newly formed Union territories as well. We are sure this will pave the way for larger retail participation in the Secondary markets as well as the accounts opened for applying to LIC IPO will be used for larger investments in the Equity markets.