LIC IPO Allotment Price Details

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The share allotment process of the country's largest IPO 'LIC Mega IPO' has been completed on Thursday.

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According to the report, the allotment of shares has taken place at the upper range of the bank i.e. Rs 949 for the IPO.

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The price band for Life Insurance Corporation (LIC) IPO was fixed by the Government of India from Rs 902 to Rs 949.

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Life Insurance Corporation (LIC) has fixed its share price (allotment price) at the highest in the price band.

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If we talk about the gray market, then the premium of LIC shares in the gray market is reducing rapidly.

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According to stock experts, at present the premium of LIC shares in the gray market has become negative.

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There are apprehensions by investors and many brokers that LIC's stock may get listed below its allotment rate.

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Let us tell you that the Government of India has sold 3.5 percent stake in its wholly owned LIC through IPO.

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According to the report, the government has raised around Rs 20,500 crore through IPO.

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