The allotment of shares of the country's largest insurance company LIC has been finalized and the listing will take place on Tuesday, May 17.
Investors subscribed 2.95 times to this issue, which remained open for 6 days.
But now investors are very confused as to what strategy to adopt on the day of listing.
On Friday, in the gray market, the price of LIC was at a discount of Rs 9, ie Rs 940,
against the issue price of Rs 949, due to which the confusion of investors has increased further.
For LIC's IPO, the government had kept a price band of Rs 902-949 per share, while the final issue price has been fixed at Rs 949 per share.
Due to the special discount, LIC policyholders will get these shares for Rs 889 and retail investors for Rs 904.
Market analysts have mixed trends regarding this issue. According to some experts,
LIC's stock may be listed at a premium of 10 percent, while some are expressing the possibility of its listing at a discount.