LIC IPO Share Listing
Will investors gain or lose from LIC shares? Let's see what the experts say on this?
According to the report, on Monday 16 May, the shares of LIC will be deposited in the account of eligible investors.
According to the information received, the listing of LIC's stock is likely to happen on Tuesday, May 17, 2022.
Exchange data shows that LIC IPO received bids for 478.3 million shares as against 162 million shares on sale.
LIC IPO broke the 14-year-old record of Anil Ambani's Reliance Power share sale, receiving over 7.3 million applications.
The government has set the LIC IPO Allotment Price at the top-end of the indicated range i.e. Rs 949.
The LIC issue, which ran from May 4 to May 9, was sold in the price band of Rs 902 to Rs 949 for retail investors.
Since the opening of LIC IPO, the premium of LIC shares has been declining rapidly in the gray market.
According to stock market experts, at present the premium of LIC shares in the gray market has become negative.
Many big broker houses say that the share of Life Insurance Corporation may be listed below its allotment rate.
LIC IPO Allotment