LIC IPO Listing Today: Buy, Sell or Hold, know the answers to all your questions here
LIC IPO
LIC IPO Listing Today: After a long wait, today LIC’s IPO will be listed in the market. There is a tremendous craze among the policyholders and retail investors of the life insurance company regarding LIC’s IPO. This is because these two categories of investors have invested the most. In such a situation, the question arises that if the IPO price band is listed below Rs 902 to Rs 949, then what should the investors invest in the IPO do? Should they sell or hold? If you are a new investor, will it be a profitable deal to invest in LIC shares? Are we answering all these questions?
What are the signs in the gray market regarding IPO?
The premium for LIC’s IPO in the gray market had improved on Monday. According to IPO Watch, LIC shares were trading at a discount of Rs 12 in the unofficial market. The unlisted shares of LIC were trading at a discount of Rs 15-20 during the weekend. A negative gray market premium indicates that the LIC stock may list slightly below the price band.
What do market experts say
Considering the volatility in the Indian market, including the global ones, market experts have expressed apprehension that the listing of LIC IPO will go down. Experts say the current sell-off in domestic and global equity markets, geopolitical concerns after Russia’s invasion of Ukraine, rising inflation have dampened the enthusiasm for the mega LIC IPO. In such a situation, the listing of LIC can be between 7 percent discount or 3 percent premium.
What should policyholders and retail investors do?
Experts say that do not expect bumper listing gains in LIC IPO. It should be viewed as a long term investment. Experts say that LIC policyholders and retail investors should hold the stock for the long term as the valuation of the company is comparatively attractive. That is, investors can get great returns in the long term.
Profit to buy on below listing
Experts say that if the listing of LIC shares is below Rs 1000, then investing in it can be a profitable deal. However, this investment has to be made with a long-term outlook. At the same time, if the IPO is listed at a premium of more than 10 per cent, then investors can exit with listing gain. They will get a chance to enter it again.
The IPO was subscribed 2.95 times
LIC’s Initial Public Offering (IPO) got subscribed 2.95 times. In this way the government was able to raise about Rs 21,000 crore. 16,20,78,067 shares were offered under LIC’s IPO. As per available data, 47,83,25,760 bids were made by investors for these shares. Shares in the Qualified Institutional Buyer (QIB) category were subscribed 2.83 times. 11.20 crore bids were made for the 3.95 crore shares reserved for this category. Under the Non-Institutional Investor (NII) category, 2,96,48,427 shares were offered for which 8,61,93,060 bids were made.
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