Mumbai, Aug. 5 -- The government sold a total of 82.22 crore equity shares, equivalent to a 6.5% stake in LIC. This included the base offer of 31.62 crore shares and an additional 50.59 crore shares under the oversubscription option.

The non-retail portion, comprising 74 crore shares, was subscribed 1.57 times, receiving bids for 129.48 crore shares. The clearing price for non-retail investors was fixed at Rs 383.10 per share, above the floor price of Rs 382.

The retail portion, comprising 8.22 crore shares, received bids for 5.71 crore shares, translating into a subscription of 69.43%. Retail investors were allotted shares at Rs 373.10 per share after a discount of Rs 10 to the non-retail clearing price.

Overall, the OFS received bids...