LIC IPO: The membership for the insurance giant’s public issue expired on 9 May 2022 and the bidders are eagerly awaiting the announcement of the share allotment. The LIC IPO allotment date is likely to be on 12th May 2022, so applicants are eagerly waiting for the share allotment process to start. Meanwhile, LIC’s IPO GMP (Grey Market Premium) has been declining continuously for almost a week. According to market observers, LIC shares are bidding at a discount Today 8 in the gray market.
lic ipo gmp today
Market observers said that due to weak sentiment on the secondary marketTS, LIC IPO Gray Market Premium (GMP) has been plaguing the nose for almost a week and now it has slipped into the red zone. He said LIC’s IPO is minus GMP today 8, 33 less than yesterday’s gray market premium 25. He said that before the date of opening of LIC IPO membership, LIC IPO GMP increased 92. However, it started declining from there as the market sentiment turned negative in the global markets.
What does this GMP mean?
Market experts say LIC’s IPO GMP today is minus 8, which means gray market is expecting LIC IPO listing to happen 941 ( 949 – 8). Hence, the gray market is trying to indicate that LIC IPO may have moderate to discounted listings.
LIC IPO Details
in 6 days bid, The 21,000 crore public issue was subscribed 2.95 times while its retail portion was subscribed 1.99 times. The policyholders’ share of LIC’s IPO was subscribed 6.12 times, while the employees’ share was subscribed 4.40 times.
Most likely LIC IPO listing date is 17th May 2022 while LIC IPO allotment date is 12th May 2022.