LIC IPO: Subscription for the Public Edition of the Insurance Giant which ends on May 9 and the antidote is enthusiastically waiting for the announcement of the current share of stocks. The LIP IPO allocation date is most likely on May 12, 2022. However, LIC IPO GMP (Gray Market Premium) has continued to correct for almost a week. According to market observers, LIC shares quoted RS 8 discounts in the current gray market.

Lic IPO GMP – What did he show?

Market observers say that because of a weak sentiment in the secondary market, Lic IPO Gray Market Premium (GMP) has been swooped almost a week and has now slipped into the red zone. They said that Lic IPO GMP today reduced RS 8, RS 33 lower than the premium of the gray -shabu market yesterday RS 25. They said that before the opening date IPO Lic subscription, GMP IPO Lic jumped up to RS 92. However, it began to fall from there And so on as a market sentiment throughout the global market becomes negative.

Pasar observers say that LIC IPO GMP today is Minus RS 8, which means Gray Market expects that the list of IPO LIC can occur around RS 941 (RS 949 – RS 8). So, Gray Market tries to signal that IPO Lic may have a medium discount list to discounts.

LIC IPO as a whole subscribed 2.95 times. The part for policy holders was violated 6.12 times, followed by 4.4 offers for employee quota. The HNI and QIB quota subscribed more than 2 times, while the retail section failed to take two times the offer on the allocation. Investors make an offer around RS 60,000 Crore for the problem of RS 20,557 Crore, which is quite less than expected. Because of this boring offer, the insurance giant slipped in the gray market.

The company sells its shares in the range of RS 902-949 respectively, with a discount of RS 60 per share to the policyholder who qualifies and RS 45 per share for retail bidders and company employees who meet the requirements.

B Gopkumar, MD & CEO, Axis Securities said LIC IPO received phenomenal participation from retail investors, as anticipated, thanks to better discounts offered to investors included in this category.

We have seen this IPO acting as a stimulus in encouraging retail participation in the equity market,” he added.

We continue to believe that Lic will be a good long -term bet and will play well in the story of the insurance industry that is not approved.”

The government, which raised the 20,500 crore hospital from the sale of 3.5 percent of its shares in the largest insurance company in the country, said that this problem was an example of ‘Atmanirbhar Bharat’ (India Mandiri) and the problem saw the interest of the Cross of the Investor. Secretary of the Department of Investment and Management of Public Assets (Dipam) Tuhin Kanta Pandey called the response to the IPO as “extraordinary”, adding that the problem saw the good participation of all investor categories.

LIC was formed by combining and nationalizing 245 private life insurance companies on September 1, 1956, with the initial capital of RS 5 Crore. Its product portfolio consists of 32 individual plans (16 participating and 16 non -participating) and seven benefits of individual optional drivers. Product Portfolio Group Insurance Company consists of 11 group products.