LIC IPO GMP today
Market observers said that due to weak sentiments at secondary markets, LIC IPO grey market premium (GMP) has been nosediving for near one week and has slipped to the red zone. LIC IPO GMP today is minus ₹8, ₹33 lower from its yesterday's grey market premium of ₹25.
Ahead of the subscription opening date, LIC IPO GMP surged up to ₹92. However, it started falling from there onwards as market sentiment across global markets became negative. So, in last one week, LIC IPO GMP has fallen around 90 per cent, market observers added.
What this GMP mean?
The grey market discount means that there are expectations of LIC IPO listing to take place around ₹941 ( ₹949 - ₹8). So, grey market indicates that the LIC IPO may have a moderate to discounted listing.
LIC IPO details
In 6 days bidding, ₹21,000 crore public issue got subscribed 2.95 times whereas its retail portion was subscribed 1.99 times. Policyholder portion of the LIC IPO got subscribed 6.12 times while employees portion got subscribed 4.40 times.
Most likely LIC IPO listing date is 17th May 2022 whereas expected LIC IPO allotment date is 12th May 2022.
