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LIC IPO News: If the development of decline within the inventory market doesn’t cease, then traders investing in LIC IPO could get a setback. The grey market premium is repeatedly lowering earlier than the itemizing of LIC shares on the inventory alternate. According to Thursday’s information, LIC’s inventory might be listed at a reduction of as much as Rs 25 from its difficulty worth. The grey market premium of LIC IPO is now buying and selling beneath Rs 25 from the higher band of its difficulty worth.
Cold response from traders to IPO!
Due to the autumn within the inventory market and the apathy of the traders, the grey market premium of LIC IPO is repeatedly lowering. LIC’s IPO is subscribed lower than 3 instances. With the persevering with fall within the inventory market, rising inflation, the warfare between Russia and Ukraine and the promoting of overseas traders within the Indian markets has disturbed the temper of the market. Before the opening of LIC’s IPO, the grey market premium (GMP) had gone as much as Rs 95.
IPO closed on ninth May
LIC’s IPO was open for subscription to retail traders from May 4 to 9. The worth band of LIC IPO was fastened at Rs 902 to Rs 949 and Rs 20,557 crore has been raised via IPO.
Listing on inventory alternate on seventeenth May
Shares have been allotted to the traders right now and by May 16, the shares shall be credited to the demat account of the traders. LIC’s IPO shall be listed on the inventory alternate on May 17.
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