LIC IPO:Shares Trading At A Premium Of Rs. 20 In Grey Market

The Initial Public Offering (IPO) of insurance behemoth Life Insurance Corporation (LIC) of India is going to hit Indian primary markets next month.

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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.

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The Government of India (GoI) has fixed LIC IPO price band at ₹902 to ₹949 per equity share.

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Meanwhile, LIC shares have become available in grey market.

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According to market observers, LIC shares are trading at a premium of ₹20 in grey market today.

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Market observers said that LIC IPO GMP (grey market premium) today is ₹20, which is ₹28 down from its grey market premium on Wednesday.

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They said that negative market sentiments could be the possible reason for this slump in LIC IPO GMP today.

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They also said that LIC IPO is going to open after a week that means premium prediction by grey market despite weakness in secondary market should be taken as a good signal.

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Shares of LIC had made debut in grey market on Monday with a premium of ₹25.

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