LIC IPO GMP Share Allotment Today, How to Check Status Via BSE, KFin Tech, GMP | Tech News

Know LIC IPO GMP today, share allotment status online and listing date too

Check LIC IPO GMP today, share allotment status, listing date and other details.

By: HT TECH
| Updated on: Aug 22 2022, 12:10 IST
LIC IPO
Check LIC share allotment status, GMP, listing date on BSE and NSE (Reuters)

With bidding period over, eveyone's eyes are on LIC IPO GMP today. Life Insurance Corporation of India's (LIC) six-day initial public offering (IPO) closed on May 9. The company saw more than 2.95 times subscription over the 16.20 crore shares that were on offer during the subscription period from May 4-9, 2022. The price band of each share was fixed at Rs. 902-949 per share for the IPO. The company's share allotted for qualified institutional buyers (QIBs) was subscribed 2.83 times, while those of non institutional investors was subscribed 2.91 times and that of retail individual investors (RIIs) was subscribed 1.99 times. The share reserved for policyholders was subscribed 6.12 times while the employees segment was subscribed 4.40 times. The LIC IPO was entirely an offer-for-sale (OFS) where the central government is selling 22.13 crore (22,13,74,920) shares to dilute 3.5 percent of its stake in the life insurer.

LIC IPO GMP Today

According to market observers, LIC IPO GMP (grey market premium) has dropped to minus Rs. 26 on May 12 ahead of LIC IPO allotment. LIC IPO GMP has remained in the negative zone for the second successive day as it was Rs. 18 lower from its Wednesday's day's grey market premium of minus Rs. 8. Also Read: Prudent Corporate IPO GMP today: Check price band, lot size

You may be interested in

MobilesTablets Laptops
7% OFF
Apple iPhone 15 Pro Max
  • Black Titanium
  • 8 GB RAM
  • 256 GB Storage
23% OFF
Samsung Galaxy S23 Ultra 5G
  • Green
  • 12 GB RAM
  • 256 GB Storage
Google Pixel 8 Pro
  • Obsidian
  • 12 GB RAM
  • 128 GB Storage
Apple iPhone 15 Plus
  • Black
  • 6 GB RAM
  • 128 GB Storage

LIC IPO listing date

The company's shares are expected to be listed on National Stock Exchange (NSE) and Bombay stock exchange (BSE) on May 17, 2022.

Also read
Looking for a smartphone? To check mobile finder click here.

The LIC IPO share allotment status was released on Thursday on BSE as well as on the website of the registrar of the IPO, which in this case is KFin Technologies. Bidders can check the share allotment status either on the registrar's website or on BSE website. Also Read: LIC IPO allotment date: Status declared; Check online 

What does this GMP mean?

As per the market observers LIC IPO GMP on May 12 was minus Rs. 26 and hence LIC IPO listing is expected to take place at around Rs. 923 ( Rs. 949 - Rs. 26), which is around 3 per cent lower from its price band of Rs. 902 to Rs. 949 per equity share. This means LIC shares may have a discounted listing if the market sentiment continues to remain negative.

However, GMP is an unofficial data, which is non-regulated as well, so, it can't give concrete fundamental picture of the company or how its shares will actualy list.

Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on Whatsapp channel,Twitter, Facebook, Google News, and Instagram. For our latest videos, subscribe to our YouTube channel.

First Published Date: 13 May, 09:16 IST
Tags:
NEXT ARTICLE BEGINS