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LIC IPO: One third shares subscribed in two hours

The country's largest IPO will remain open for public subscription till May 9. LIC has set its price band for the Initial Public Offer (IPO) at Rs 902 to Rs 949 per equity share. Policyholders are offered a discount of Rs 60 per equity share, while retail investors and employees are offered a discount of Rs 45 on each share.