"initial-public-offer"

SBI Funds Management’s Rs 9,812.91-crore IPO was fully subscribed on the second bidding day, led by strong demand from non-institutional investors. The issue, valued at around Rs 1.2 lakh crore, closes on July 16 and is entirely an offer for sale.

In her Budget Speech 2021, Finance Minister Nirmala Sitharaman said the Initial Public Offer (IPO) of LIC would be floated in 2021-22.

Proceeds will be mainly used to repay dues amid the aviation industry facing strong headwinds

The price band of the offer has been fixed at Rs 1,490 to Rs 1,500 per Equity Share