LIC IPO GMP today: Here's what grey market suggests; know how to check allotment status online too
LIC IPO GMP today: The share allotment status of the initial public offering (IPO) of Life Insurance Corporation (LIC) may happen soon as the tentative date is May 12, 2022. While the shares of LIC are likely to get listed on exchanges (BSE and NSE) on May 17, 2022. However, ahead of LIC IPO allotment, grey market sentiment in regard to the IPO has turned negative. As per a report by livemint.com LIC IPO GMP (grey market premium) has decreased further compared to Wednesday. According to market observers, LIC shares are available at discounted price of Rs. 26 in the grey market today (Thursday, May 12, 2022).
It can be noted that the LIC IPO GMP today is Rs. 18 lower from its yesterday's grey market premium of minus Rs. 8. It can be known that the public offering was subscribed 2.95 times on the last day of the bidding process that is May 9, 2022. So, there are a lot of subscribers eagerly waiting for some good news. Also Read: LIC IPO share allotment status likely to happen today: Check online via BSE, KFin Tech- Here is how
The shares reserved for the qualified institutional buyers (QIBs) were subscribed 2.83 times, while those of non institutional investors were subscribed 2.91 times, while retail individual investors (RIIs) were subscribed 1.99 times. Other than these, the policyholders portion was subscribed 6.12 times and the employees segment was subscribed 4.40 times. Also Read: Google I/O 2022: These Google Docs, Google Meet updates to make your work EASY
Investors are now eagerly waiting for the finalisation of the allotment. Once announced investors will be able to check the status online by visiting the official website of BSE and the registrar of the IPO that is KFin Technologies Private Limited. Here is how you
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