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Market Impact: 0.4
LIC Said to Lead Bidding in NSE’s $2.4 Billion India IPO
Source: Bloomberg
IPOs & SPACsInvestor Sentiment & Positioning
Life Insurance Corp. of India was reportedly the largest bidder in National Stock Exchange of India’s IPO, signaling strong demand from domestic long-term institutional investors. Retail investor participation was subdued, creating a mixed demand profile but underscoring institutional support for the offering.
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