LIC IPO: Life Insurance Corporation of India’s largest initial public offering (IPO) in India ended on May 9. The issue was opened for subscription on May 4, 2022 Zee Business Managing Editor Anil Singhvi talks about the key details of the IPO and explains what retail investors and policy makers should do after the IPO allotment date.
Anil Singhvi added that since the issue size of LIC IPO is huge, investors are more likely to allocate IPO shares.
Anil Singhvi reiterated that investors are more likely to be able to make money both in the short and long term. However, market gurus have advised investors to subscribe to IPOs from a long-term perspective.
At the top end of the price band, LIC policyholders have received a generous discount of Rs 60 per share, making it one of the most sought-after issues.
On the last day, 2.95 times subscribed to LIC IPO, which was open from 4 to 9 May. As against the proposed 16,20,78,067 shares, 47,83,67,010 shares were bid by state insurers. The bidding for the reserved portion for the policyholders was six times higher than the bidding for the employee quota, which was four times higher. In terms of Retail Private Investors (RIIs), Non-Institutional Investors (NIIs) and Eligible Institutional Buyers (QIBs), the number of bid subscriptions was 1.99 times, 2.91 times and 2.83 times respectively.
For more details, watch the full video here: –
LICIPOWithZee Allotment of shares in LIC’s IPO today …
What to do after listing in LIC IPO?
– Zee Business (ZeeBusiness) May 12, 2022