LIC IPO Share Listing

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According to the report, on Monday 16 May, the shares of LIC will be deposited in the account of eligible investors.

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According to the information received, the listing of LIC's stock is likely to happen on Tuesday, May 17, 2022.

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Exchange data shows that LIC IPO received bids for 478.3 million shares as against 162 million shares on sale.

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LIC IPO broke the 14-year-old record of Anil Ambani's Reliance Power share sale, receiving over 7.3 million applications.

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The government has set the LIC IPO Allotment Price at the top-end of the indicated range i.e. Rs 949.

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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.

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Since the opening of LIC IPO, the premium of LIC shares has been declining rapidly in the gray market.

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According to stock market experts, at present the premium of LIC shares in the gray market has become negative.

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Many big broker houses say that the share of Life Insurance Corporation may be listed below its allotment rate.

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