Last updated on May 16, 2022
Keep updated with latest LIC IPO GMP (Grey Market Premium), kostak rates, and subject to sauda rates. LIC IPO GMP for today is a discount of INR15 per share against the issue price of INR902 – 949 per share. This implies LIC IPO expected listing price is INR935 per share based on the current GMP.
LIC is the largest life insurer in India with a 64.1% market share in terms of Gross Written Premium (GWP), a 66.2% market share in terms of New Business Premium (NBP), a 74.6% market share in terms of number of individual policies issued, an 81.1% market share in terms of number of group policies issued for Fiscal 2021, as well as by the number of individual agents (1.35 million), which comprised 55% of all individual agents in India as at March 31, 2021.
LIC IPO GMP Daily Trend
|Date||LIC IPO GMP||Kostak||Subject to Sauda|
|14 May 2022||(INR15, discount)||–||–|
|13 May 2022||(INR15, discount)||–||–|
|12 May 2022||(INR10, discount)||–||–|
|11 May 2022||(INR5, discount)||–||–|
|10 May 2022||INR10||–||–|
|9 May 2022||INR10||–||–|
|7 May 2022||INR50||INR900||INR1,200|
|6 May 2022||INR50||INR1,000||INR1,400|
|5 May 2022||INR60||INR1,100||INR1,600|
|4 May 2022||INR80||INR1,400||INR2,000|
|2 May 2022||INR70||INR1,300||INR1,800|
|30 Apr 2022||INR60||INR1,200||INR1,600|
|29 Apr 2022||INR50||INR1,000||INR1,400|
|28 Apr 2022||INR40||INR800||INR1,300|
|27 Apr 2022||INR25||INR500||INR900|
This page provides day-wise GMP movement which is helpful in deriving tentative listing price and profit/loss of the IPO. The historical premiums mentioned in the above table serve an important purpose and have a close linkage with subscription levels, especially in the QIB and HNI categories. It is typically observed that recovery in premiums is difficult after a sharp correction.
IPO Central also provides grey premium of all active, recent and forthcoming IPOs at a single place. Head to our IPO discussion page which provides a snapshot of IPO premiums.
It should be noted that IPO grey market is unregulated and is highly volatile and thus, it should not be used as the only criterion for an investment decision in an IPO. Investors need to look into other parameters including financial performance and valuations before deciding whether to invest in LIC IPO or not.
Read Also: Here is what LIC IPO GMP status indicating ahead of listing
LIC IPO Details
|Subscription Dates||4 – 9 May 2022|
|Price Band||INR902 – 949 per share|
Retail discount – INR45 per share
Employee discount – INR45 per share
Policyholder discount – INR60 per share
|Offer For Sale||221,374,920 shares (INR19,552.15 – 20,592.61 crore)|
|Total IPO size||221,374,920 shares (INR19,552.15 – 20,592.61 crore)|
|Minimum bid (lot size)||15 shares|
|Minimum investment amount||INR13,560 for one lot at upper band for retail & employees|
INR13,335 for one lot at upper band for policyholders
|Maximum bid (lot size)||210 shares (14 lots)|
|Maximum investment amount||INR1,89,840 for 14 lots|
|Face Value||INR10 per share|
|Listing On||NSE, BSE|
LIC’s IPO Documents & News
LIC IPO Timetable
This table provides important information about LIC IPO. The dates are updated once the company files Red Herring Prospectus (RHP).
|IPO Opening Date||4 May 2022|
|IPO Closing Date||9 May 2022|
|Finalisation of Basis of Allotment||13 May 2022|
|Initiation of refunds||14 May 2022|
|Transfer of shares to demat accounts||16 May 2022|
|Listing Date||17 May 2022|
What is LIC IPO GMP today?
LIC IPO GMP today is a discount of INR15 per share.
What is LIC IPO kostak rate today?
LIC IPO kostak rate today is NA per application.
What is LIC Subject to Sauda rate today?
LIC Subject to Sauda rate today is NA per application.
What is the expected listing price and return of LIC IPO?
LIC IPO expected return for retail investors is 3.4% based on the current GMP, retail discount and expected listing price is INR935 per share.
Disclaimer: No content published anywhere on this website should be treated as investment advice or as an offer to buy or sell securities. All the content offered on the website is for educational and informational purposes only. Please contact your investment adviser before making an investment. Any reader taking decisions based on any information published here does so entirely at own risk.
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