LIC OFS: Non-retail portion booked 55% on Day 1. Here’s what investors should know

LIC’s Rs 31,410-crore offer for sale (OFS) saw the non-retail portion subscribed 55.1% by noon on Day 1. The government aims to pare its stake through a 2.5% base offer, with an additional 4% green shoe option, while retail investors can bid on August 5.