LIC shares to list tomorrow, may have a soft debut. What should investors do?
- LIC shares: Analysts suggest that investors who had got allotment of shares in LIC IPO stay put for the long term.
The shares of LIC could have a flat listing tomorrow, based on the current market situation, according to Aayush Agrawal, Senior Analyst, Swastika Investmart. The country's largest insurer will list itself on the BSE and NSE on May 17. The government has fixed the issue price of LIC shares at ₹949 apiece, the upper end of the IPO price band, following the initial share sale offer which was oversubscribed nearly three times the issue size.
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