LIC IPO GMP, Share Price, Launch Date 2022

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LIC IPO has commanded a 9 per cent premium over its upper price band in the grey market as the Rs 21,000-crore issue opens for subscription today.

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n fact, the traded grey market premium has increased from 5 percent, quoted last week.

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As per the data by IPO Watch and IPO Wala, LIC traded at a premium of Rs 85 per share in the grey market on Wednesday, against Rs 45 premium last Thursday.

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This means, at the upper end of the price band, LIC shares are trading at Rs 1,034 (Rs 949 + Rs 85), as LIC IPO GMP today is Rs 85, which is around 9 per cent over the issue price.

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The company offers participating insurance products and non-participating products like unit-linked insurance products, saving insurance products,

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term insurance products, health insurance, and annuity and pension products. As of December 31, 2021, LIC had a total asset under management of Rs 40.1 lakh crore on a standalone basis.

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The brokerages have given a thumbs-up to the IPO recommending investors to ‘subscribe’ to the issue.

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