LIC IPO: Shares Trading at Premium in Grey Market

[{"selector":"#anim-cad26a60-dee6-4c84-85cf-7c4dcd634c71","keyframes":{"opacity":[0,1]},"delay":0,"duration":2400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2e31adc6-21db-42f4-8f57-1d245922841c","keyframes":{"transform":["translate3d(0px, 168.61601%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cf6abe3f-e34b-4641-a018-2e21466a2e27 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(12.514648210040342%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] The subscription for LIC IPO opens today on May 4 and the shares are already trading at a premium in the grey market.

[{"selector":"#anim-8bc58e32-0c1e-4d62-a3fa-61428783668f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(17.297119044734625%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-34d38738-ca2d-4b76-9b00-12504b68387a","keyframes":{"opacity":[0,1]},"delay":0,"duration":2400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6abd4a97-95fa-4caa-80a5-a23447bddb74","keyframes":{"transform":["translate3d(0px, 168.61601%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The traded grey market premium has increased from 5 percent, quoted last week, hinting at a premium listing.

[{"selector":"#anim-7cb717e0-a7d2-463c-a971-eded1f86e9c7 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(48.90136709150296%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-bd1682d9-cad1-4343-8d24-c6ae4a257906","keyframes":{"opacity":[0,1]},"delay":0,"duration":2400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-17b6d66d-3a23-4378-b9b3-33079f22ca12","keyframes":{"transform":["translate3d(0px, 168.61601%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] LIC shares traded at a premium of Rs 85 per share in the grey market on Wednesday, against Rs 45 premium last Thursday.

[{"selector":"#anim-a16481c7-e73b-43b4-82b4-32168cf67371 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(28.90624987200394%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-67f54c72-3548-4c04-9771-5cc67860657e","keyframes":{"opacity":[0,1]},"delay":0,"duration":2400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d0d60e7e-3d3c-4da1-8fdf-0784d1f808f3","keyframes":{"transform":["translate3d(0px, 195.55549%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The price band set for LIC shares is Rs 902-949 per share, trying to raise Rs 21000 crore.

[{"selector":"#anim-6ab4617b-565c-4b8d-9935-4be00e59cdfd [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(45.61132801847883%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-dcfb5da4-fc7f-4130-90ed-38cb6260c07e","keyframes":{"opacity":[0,1]},"delay":0,"duration":2400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5370ba2b-013f-4582-8890-4ca2fef6bd23","keyframes":{"transform":["translate3d(0px, 168.61601%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Employees and retail investors will get shares at a discount of Rs 45 a piece to the final offer price.

[{"selector":"#anim-7dcb05df-4b94-4eac-ae01-eb63e07eb2b1 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(44.726562414669296%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-b27be2ba-072b-4504-b638-141ef2e948b0","keyframes":{"opacity":[0,1]},"delay":0,"duration":2400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2f3cf125-d9d8-4d4d-8d4a-c46a2a223f96","keyframes":{"transform":["translate3d(0px, 191.42303%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-80a8cbdb-9a6b-4ec3-8e7c-2c4d0011d62b","keyframes":{"opacity":[0,1]},"delay":700,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] The grey market is an unofficial platform, which generally tracks the expected listing price of the company. Source: Moneycontrol