LIC IPO Gray Market Premium

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If you have invested in LIC IPO and you have been allotted LIC shares, then this news may disappoint you.

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The gray market premium i.e. GMP of Life Insurance Corporation of India (LIC) IPO is continuously decreasing.

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LIC's share price in the gray market premium (GMP) has fallen by 111 per cent in the last 10 trading sessions.

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The Gray Market Premium (GMP) of LIC IPO which was Rs 85 on 3rd May and today it fell to minus Rs 10.

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According to IPO Watch during the last three sessions, the GMP of LIC IPO is stuck at minus Rs 10 level.

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The allotment of LIC shares was done on May 12. Now this stock will be listed on BSE and NSE on May 17.

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The price band of Life Insurance Corporation of India (LIC) IPO was fixed at Rs 902 to Rs 949 per share.

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Let us tell you that the country's biggest issue was open for subscription from May 4 to May 9. Which got a bumper response from the investors.

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Will investors gain or lose from LIC shares? Let's see what the experts say on LIC IPO?

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