LIC IPO: After finalizing the share allotment for Life Insurance Corporation of India’s (LIC) Initial Public Offering (IPO), the bidders and market observers are eagerly waiting for the LIC IPO share listing date which is 17th May 2022 i.e. on Tuesday. Most likely to happen. Meanwhile, LIC IPO GMP (Grey Market Premium) is still in negative territory. According to market experts, today LIC’s IPO is GMP minus 20, which is 5 plus minus yesterday’s gray market premium 25. Means LIC IPO is quoting share price 929 ( 949 – 20), in the gray market today.
According to stock market experts, a lot will depend on the secondary market sentiment. In case the market sentiment remains negative, LIC shares may start at a discounted price, whereas in case of a trend reversal on Dalal Street, LIC shares may get listed with a moderate premium.
to speak on lic ipo listingAbhay Doshi, Founder, UnlisteArena.com, said, “The financial giant received a mixed response despite attractive price valuations due to temple market conditions. The current sentiment indicates a par with discount listings, however, if the market sentiment stabilizes. or till the listing improves.
Anticipating a weak LIC share listing, Manoj Dalmiya, Founder and Director, Proficient Equities Pvt Ltd, said, “LIC is the largest insurance provider in India and will be listed on May 17. The IPO was subscribed a total of 2.95 times. We expect Are saying that if the selling pressure in the secondary market persists, then LIC’s stock may get listed at a discounted price.
Stock market experts advised LIC IPO allottees to limit their expectations from the public issue as it will not be able to pay double-digit listing premium even if the trend reverses in the secondary market.
Ravi Singhal, Vice Chairman, GCL Securities said, “As we can see, the market outlook after the opening of LIC IPO is very negative. Hence, I believe it is almost par value with 5 per cent premium. However, the market outlook is weak in the times to come.
Ravi Singh, Vice President and Research Head, Share India, expects a modest listing in the stock market next week, saying, “The current market scenario is witnessing selling pressure, which will not be favorable for LIC share listing. However, the expectation is It is expected that Nifty may show some recovery next week. So LIC IPO may get listed at a premium of around 5-8 per cent.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.