Economy
LIC Offer for Sale Oversubscribed 3.32 Times on Day One
Upstox1h
THE BRIEF
1
The government's Offer for Sale (OFS) in LIC was oversubscribed 3.32 times by non-retail investors on August 4, 2026, prompting the exercise of a 4% greenshoe option.
2
The total divestment size has been increased to 6.5% of equity, with retail bidding for the remaining shares scheduled to open on August 5, 2026.
3
Retail investors and eligible employees can bid at an effective price of ₹373.10 per share, which includes a ₹10 discount from the non-retail cut-off price.