LIC IPO: The announcement of share allotment of Life Insurance Corporation (LIC) may happen soon as the tentative date of LIC IPO allotment is 12th May 2022. However, ahead of the LIC IPO allotment, there is a gray market sentiment with respect to the initial public offering (IPO) of the insurance giant. went further south. After going into the negative zone on Wednesday, LIC’s IPO GMP (Grey Market Premium) has gone down further today. As per market observers, LIC shares are available at a discounted price of 26 in the gray market today.
lic ipo gmp today
Market observers said lic ipo gmp today Minus. is 26, which is 18 less than yesterday’s gray market premium 8. Market observers said LIC IPO GMP remained in negative territory for the second day in a row, which does not bode well for the largest Indian PSU as it is just days away from listing. He added that negative secondary market sentiments have hurt the gray market sentiments with respect to LIC IPO. Before LIC IPO opened, it had gray market value 92. Son, in about a week, LIC’s IPO GMP has fallen more than 100 percent to the negative zone.
What does this GMP mean?
Market experts say LIC’s IPO GMP today is minus 26, which means gray market is expecting LIC IPO listing to happen 923 ( 949 – 26), which is about 3 percent less than its price band from 902 949 per equity share.
Hence, the gray market is indicating that LIC shares may get discounted if the secondary market sentiment remains negative.
However, stock market experts say that the gray market premium is not an ideal indicator of the failure success of a public issue. He said that GMP is an unofficial data, which is also non-regulated. Therefore, one should look at the balance sheet of the company rather than the gray market sentiments as the company’s financials give a better and solid fundamental picture of the company.