LIC IPO GMP today: view the latest details here

LIC IPO GMP Today: Investors wishing to apply for the LIC IPO today can check the latest GMP and other details here.

LIC IPO GMP Today: The IPO registration process (IPO) of the Life Insurance Corporation of India (LIC) is underway. Today, May 6, the 3rd day of the bidding process, people willing to apply for the LIC IPO can do so online. The issue is open for subscription on Wednesday, May 4 and will close on May 9, 2022. LIC IPO GMP today (Gray Market Premium) has been stable at Rs. 65, according to market observers, according to a report from livemint.com. LIC GMP was Rs. 65 on Thursday, Wednesday too.

As for the subscription details, the shares of the issue of ₹21,000 crore were subscribed on Day 1 0.67 times. The portion reserved for qualified institutions (QIB) was subscribed 0.33 times, 0.27 times for non-institutional buyers and 0.60 times for retail investors. On day 2, the issue was subscribed 1.03 times. On day 2, 0.40 times were subscribed for non-institutional buyers and 0.93 times for retail investors on day 2.

The price range of the LIC IPO is fixed between Rs. 902 and Rs. 947 per share of shares. Retail Individual and Eligible Category Employees will get a discount of Rs. 45 per share and Rs. 60 shares in the qualifying policyholder category. It may be noted that the issue will remain open for subscription on Saturday, May 7, 2022.

Discount of Rs. 45 per share share will be provided to private and eligible employee class and of Rs. 60 Share Share by Eligible Policyholder. The public issuance of 221.37 million shares by LIC represents a 3.5 percent stake, which is entirely a government sale offer.

The book running lead managers of the IPO include Kotak Mahindra Capital Company Limited, Axis Capital Limited, BofA Securities India Limited, Citigroup Global Markets India Private Limited, JM Financial Limited, Goldman Sachs (India) Securities Pvt. Ltd., ICICI Securities Limited, JPMorgan India Private Limited, Nomura Financial Advisory and Securities (India) Private Limited and SBI Capital Markets Limited. The registrar of the IPO is KFin Technologies Private Limited (formerly known as Karvy Fintech Private Limited).

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