LIC IPO GMP, Subscription, Review; Your Last Chance to Invest Today, Should you Apply or Not?
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LIC IPO: Initial Public Offering (IPO) from Life Insurance Corporation (LIC) continues to attract retail investors, including employees and policyholders, which include the top bidder for this problem so far. Despite falling premiums in the gray -gray market, the intense selling action in the global market, the problem of increasing the level and concern of inflation, LIC holds its charm.
Today, May 9, is the last day to subscribe to RS 21,000 CRORE IPO, State -Owned Insurance Giant, has subscribed 1.79 times until May 8, the fifth day of the offer. This offer has received an offer for 29.07 Crore equity shares to the size of the IPO 16.2 CRORE Equity shares.
Policyholders remain in front because the part they reserve subscribed 5.04 times, followed by employees who offered 3.79 times the allocated quota, and retail investors 1.59 times. Non-institutional investors have submitted an offer of 1.24 times the portion set aside for them, while the portion provided for institutional buyers who meet the subscription requirements 67 times.
Lic IPO GMP Today
However, weak market conditions currently take victims in the primary investment flow in a large IPO. The company’s shares ordered the premium of RS 36 in the Abu -abu Market, which had dropped from RS 85 before. Market observers say that LIC IPO GMP today is RS 36, which is RS 24 lower than the premium of the gray -shabu market (GMP) of Rs 60. They said that after the scale up to the level of RS 92, GMP IPO LIC has continued to decline because decrease due to weak stock market sentiment. They said that the secondary market worldwide faced the selling action and the Indian stock market was not immune to it. So, the gray market will definitely be affected by global market sentiment.
In accordance with market observers, LIC IPO GMP is currently RS 36, which means Gray Market expects a list of LIC IPOs around RS 985 (RS 949 + RS 36), which is around 3 percent higher than the IPO Lic price band of RS 902 to RS 949 per equity share.However, stock market experts say that Gray Market Premium is unofficial data and has nothing to do with LIC finances. They advised the bidder to see the Balance of Life Insurance Corporation (LIC) India instead of the gray -gray market premium.
Give the ‘buy’ tag to LIC IPO, Astha Jain, Senior Research Analyst at Hem Securities said, “LIC brought this problem in the band price of RS 902-949 per share at P/EV multiple 1.1x. LIC is the fifth largest life insurance globally by the GWP and the largest player in the Indian life insurance sector that grows fast and less liked is a trusted brand and a business model that is centered on customers. Having presence throughout India through the distribution network of Omni channels with unmatched agency strength. The company is the largest asset manager in India with a track record of financial performance and profitable growth looks worthy of investment. Therefore we recommend “subscribing” to problems. “
Lic IPO: Should you subscribe?
Parth Nyati, Founder, Tradingo, said: “Even the post -list, the government will still be the main shareholder and main manager. Thus every future government intervention may harm shareholders. The company has made plans to overcome problems related to companies such as loss of market share for private players, lower profitability and income growth, compared to private players, lower VNB margin, and short -term persistence ratios. Lic plans to take steps such as increasing sales and cross-selling, increasing direct sales of each product on their website, designing products for millennium, more focused on non-par products, and protection-based products, and related products. Investors must realize that the insurance business is long -term; Therefore, we recommend this problem only for the long term. “
GEPL Capital said: “The embedded value for LIC is RS 5.39,686 and after the edition implicitly the market capitalization is RS 6.00.242 Crore which is 11.2 percent premium for its IEV. The MCAP ratio to EV for his colleagues registered in the range of 1.5x to 2.5x, therefore we believe that the LIP assessment with its magnificent size is valued naturally.With a magnificent network and the expected two-digit growth, this industry complies with an attractive assessment compared to colleagues to make a profitable IPO investment. We recommend “subscription” to this problem. “
LIC IPO Listing
The temporary LIP IPO allotment date is May 12, 2022, while the most likely recorded date for IPO LIC is May 17, 2022.
LIC IPO: Initial Public Offering (IPO) from Life Insurance Corporation (LIC) continues to attract retail investors, including employees and policyholders, which include the top bidder for this problem so far. Despite falling premiums in the gray -gray market, the intense selling action in the global market, the problem of increasing the level and concern of…