LIC IPO Allotment Price Details
Allotment of shares of LIC IPO has been done. Let us know what was the LIC IPO allotment price?
The share allotment process of the country's largest IPO 'LIC Mega IPO' has been completed on Thursday.
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.
The price band for Life Insurance Corporation (LIC) IPO was fixed by the Government of India from Rs 902 to Rs 949.
Life Insurance Corporation (LIC) has fixed its share price (allotment price) at the highest in the price band.
If we talk about the gray market, then the premium of LIC shares in the gray market is reducing rapidly.
According to stock experts, at present the premium of LIC shares in the gray market has become negative.
There are apprehensions by investors and many brokers that LIC's stock may get listed below its allotment rate.
Let us tell you that the Government of India has sold 3.5 percent stake in its wholly owned LIC through IPO.
According to the report, the government has raised around Rs 20,500 crore through IPO.
LIC IPO Allotment Status