LIC IPO Share Allotment Status
If you had applied for LIC's IPO, then know the complete information about LIC IPO Allotment Status.
Stock market experts and many sources told that on May 12, 2022, the allotment of India's largest LIC IPO can be done.
According to the information received from the exchange, on May 17, the shares of LIC will be listed on BSE and NSE.
LIC's grey-market premium has now remained in the range of Rs 8-10, whereas a week ago, LIC's premium was around Rs 100.
LIC IPO is subscribed almost 3 times on its last day on 9th May. The effect of the market volatility was visible on this.
LIC IPO has received the highest number of subscriptions in the reserved quota for policyholders and employees.
Through LIC IPO, the government is raising Rs 21,000 crore by selling its 3.5 per cent stake in LIC.
The price band of LIC IPO was fixed at Rs 902-949 per share by the government. And the lot size of LIC IPO was Rs 15.
The IPO of Life Insurance Corporation was open for general investors on May 4 and for anchor investors on May 2.
Before the listing of any stock, the market in which that share is bought and sold is called gray market.
LIC's issue filled 2.94 times till the last day. It can be considered good in terms of its huge size.
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