The initial public offering (IPO) of Life Insurance Corporation (LIC) — India’s largest-ever for the domestic markets — will close on Monday. So far, the issue has attracted bids worth over Rs 30,000 crore and expectations are that the figure could top Rs 1 trillion.
The IPO’s popularity, particularly among retail investors, could weigh on the subscription figures of three other issues that also close this week. As a lot of funds will be blocked in LIC’s IPO, the capital available to invest in other issues could be constrained, said industry .
