LIC IPO: Shares at premium in grey market, say observers. What GMP indicates?
- LIC IPO GMP today is ₹20, which is ₹28 down from its grey market premium on Wednesday, say market observers
LIC IPO: The Initial Public Offering (IPO) of insurance behemoth Life Insurance Corporation (LIC) of India is going to hit Indian primary markets next month. As per the information available on the official BSE website, LIC IPO date of subscription has been fixed from 4th May to 9th May 2022. The Government of India (GoI) has fixed LIC IPO price band at ₹902 to ₹949 per equity share. Meanwhile, LIC shares have become available in grey market. According to market observers, LIC shares are trading at a premium of ₹20 in grey market today.
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