Will be open for subscription to retail investors from May 4 to May 9. The company has fixed the price band for IPO at Rs 902-949 per share.
At the same time, the lot size in this is 15 shares. At present, the share price is increasing in the gray market before the issue opens.
The price of LIC's IPO in the gray market i.e. GMP has reached Rs 90. That is,
if we look at the upper price band, according to the indications now, it can be listed at a premium of 10 percent.
The GMP of LIC's IPO is increasing continuously. Last week on Friday it was at Rs 45.
Today it started from Rs 70 and reached Rs 90. On 23 April, the GMP was Rs 15, while
on 26 April it became Rs 25. Whereas on 28 April and 29 April it was showing Rs 45. In this sense
If you look at Rs 90 GMP, then the stock can be listed at Rs 1039 (Rs 949 + Rs 90 = Rs 1039).
In this context, there are indications of listing at a premium of 10 percent.
more about LIC share price increased