LIC IPO Listing: LIC’s stock is set to be listed today, what to do in case of a fall; Know expert opinion

LIC IPO Listing: On Tuesday, the largest IPO in the country so far will be listed on the stock market. The stock fell in the gray market before listing. Let’s find out what the experts think about LIC’s stock.

LIC IPO Listing: The country’s largest insurer Life Insurance Corporation is set to go public on Tuesday. This IPO of Rs 20,557 crore received a good response from domestic investors. The gray market offered a discount of Rs 20 on this stock on Monday. Experts believe that the listing of this stock could disappoint investors in such a scenario.

Share price fixed at Rs 949

LIC’s share price has been set by the government at Rs 949 per share. The policyholders will receive Rs 889 in shares while employees will receive Rs 904 in shares. In May, LIC’s initial public offering closed. On May 12, the company’s shares were distributed to the bidders. More than 22.13 crore shares (3.5 percent) of LIC have been offered through the IPO.

Country’s biggest IPO ever

It is estimated that investors subscribed almost three times to LIC’s IPO. There was substantial interest from domestic invesForeign investors, however, showed little interest in the IPO.s IPO. 

It is the country’s largest IPO to date. In 2021, Paytm raised Rs 18,300 crore through its initial public offering. IPO of Coal India in 2010 was about Rs 15,500 crore.

Long term investment advice

The LIC IPO to be offered by GEPL Capital is expected to be listed at a nominal premium. Long-term investors are advised to invest. The IPO rate, according to Prashant Taapsee, Research Analyst and Vice President, Mehta Equities, is expected to be normal. Those who were not able to invest can also invest on the day that it is listed.

LIC’s stock will prove beneficial long-term, according to Asif Iqbal, Research Head, Escorts Security. During the listing, he advises whether this share should be listed with a premium or not. However, it would be better for investors to stick with it. buying it below Rs 1000 will yield benefits in the long term. 

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