LIC IPO: Will bidders make or lose money? Check GMP today, expected listing price, date

LIC IPO shares are expected to list on stock exchanges on Tuesday, May 17, 2022. 

According to market observers, the LIC IPO GMP today stands minus 13. 

 

LIC IPO shares are trading at Rs 936 apiece on Sunday (May 15) in the grey market, according to market observers. The shares could list at the same price on the exchange if the GMP doesn’t change in the coming days.

LIC has allotted IPO shares to the investors at the upper end of the price band at Rs 949 apiece.

LIC offered an impressive discount to policyholders and employees who wished to own a share of the insurer. The company Rs 60 per share discount to policyholders and Rs 45 apiece off to LIC employees on IPO shares.

As of now, a profit for investors who were allotted IPO shares at no discount seems difficult, as the GMP has remained in the negative zone for the past several days. Policyholders and employees, however, could make a possible listing gain as they were allotted shares at a discount. But nothing can be said for sure right now.