LIC IPO Gray Market Premium

Big news for those who bet in LIC IPO: Big Fall in LIC's gray market premium!

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

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

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

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

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

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

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

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.

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