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LIC IPO GMP: The impact of the fall in the stock market, the premium rate of LIC IPO in the gray market is halved

LIC IPO GMP: The impact of the fall in the stock market, the premium rate of LIC IPO in the gray market is halved
Written by Arindam
LIC IPO GMP: The impact of the fall in the stock market, the premium rate of LIC IPO in the gray market is halved

LIC IPO News: Is investors’ enthusiasm for LIC’s IPO decreasing? Is the price band of LIC IPO expensive? Is the fall in the stock market affecting LIC’s IPO? This question is arising because the premium rate of LIC’s share in the gray market has come down to half. LIC IPO is trading at a premium of Rs 42 only. Whereas two days ago it was trading at a premium price of Rs 85. 

IPO will open for retail investors till 9th ​​May
Retail investors from 4th to 9th May ( LIC’s IPO will be open for subscription to Retail Investors. The price band of LIC IPO has been fixed at Rs 902 to Rs 949. There is a plan to raise Rs 20,557 crore through IPO. 

Discount on IPO Price
LIC is giving discount to policyholders investing in its IPO. Policyholders will be given a discount of Rs 60 per share, then retail investors and employees of the company will get a discount of Rs 40 per share. 

Listing on the stock exchange on May 17
 May 12 The shares will be allotted to the investors and the shares will be credited to the demat account of the investors by May 16. LIC’s IPO will be listed on the stock exchange on May 17. 

 

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Arindam

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