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

New Delhi: Life Insurance Corporation (LIC) of India’s initial public offer (IPO) shares are expected to list on public exchanges next week. Employees, policyholders, and investors, who have been allotted LIC IPO shares must now be impatiently waiting for the listing day to see whether they will make listing gains or face losses. If the latest grey market premium (GMP) is to be considered, it is expected that the IPO shares could list at a discount. But that’s just speculative, and the market conditions could change in the coming days.

Zee Media Bureau|

Updated:May 15, 2022, 04:58 PM IST

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LIC IPO Listing Date

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

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LIC IPO GMP

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

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LIC IPO Expected Listing Price

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.

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LIC IPO Share Price

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

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LIC IPO Discount

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.

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Will LIC IPO Bidders Make Profit?

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.