Business Market 22 Nov 2021 IPO: Policyholder ne ...

IPO: Policyholder new sub-category

DECCAN CHRONICLE.
Published Nov 22, 2021, 1:29 pm IST
Updated Nov 22, 2021, 1:29 pm IST
For the forthcoming mega IPO of LIC, stock exchanges will introduce a new sub-category "policyholder" for bidding for reservation
BSE has introduced a new Sub-category- “POL” (Policyholder) for bidding for reservation under Policy Holder category on its book building platform –IBBS.
 BSE has introduced a new Sub-category- “POL” (Policyholder) for bidding for reservation under Policy Holder category on its book building platform –IBBS.

Mumbai: For the forthcoming mega IPO of LIC, stock exchanges will introduce a new sub-category "policyholder" for bidding for reservation on its book building platform.

"BSE has introduced a new Sub-category- “POL” (Policyholder) for bidding for reservation under Policy Holder category on its book building platform –IBBS," the stock exchange said in a notice issued to its trading members and other market intermediaries on November 19.

 

The BSE has also organised a mock public issue from November 22 till December 24 to make the internet based book building efficient in light of introduction of this new sub-category and sought feedback from intermediaries.

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