LIC IPO Share Allotment Status

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Stock market experts and many sources told that on May 12, 2022, the allotment of India's largest LIC IPO can be done.

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According to the information received from the exchange, on May 17, the shares of LIC will be listed on BSE and NSE.

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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.

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LIC IPO is subscribed almost 3 times on its last day on 9th May. The effect of the market volatility was visible on this.

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LIC IPO has received the highest number of subscriptions in the reserved quota for policyholders and employees.

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Through LIC IPO, the government is raising Rs 21,000 crore by selling its 3.5 per cent stake in LIC.

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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.

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The IPO of Life Insurance Corporation was open for general investors on May 4 and for anchor investors on May 2.

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Before the listing of any stock, the market in which that share is bought and sold is called gray market.

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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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