Odishatv Bureau

India's insurance behemoth, the Life Insurance Corporation of India (LIC) finalised its IPO share allotment on May 12 while its stock will make its BSE and NSE debut on 17 May.

With its Rs 21,000-cr public offer, LIC has received 2.95 times subscriptions during the 6-day bidding process to overtake Paytm’s public issue in 2021 and become the largest ever on Dalal Street.

According to people who deal with unlisted stocks, LIC shares were seen trading at Rs 940 apiece with a discount of Rs 9, from the upper end of price band after being offered to investors in a fixed price band of Rs 902-949 per equity share.

Meanwhile, analysts seem to be mixed on LIC IPO shares listing, with suggesting taking a call on its shares post stock market debut.

LIC IPO share listing: Strategy you need to know?

As the current market situation is also very turbulent with liquidity tightening measures by central banks across the globe, experts opine that market volatility may weigh on the performance of the LIC on the listing day. Some expect LIC to debut at a discount, and investors may not book any listing gains. So one can wait and watch as to how the business performs before taking a call.

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