LIC Listing Shares Might List at Discounted Price. Check Analysts Reviews
The Life Insurance Corporation of India, which debuted in the main market with a bang, has now entered the Dalal Market. The top insurance firm in India is presently experiencing a bad market sentiment after being placed on stock exchanges. Because the offer was oversubscribed 2.95 times, it began trading on exchanges at Rs 872 per share, down 8.11 percent from the SME IPO price of Rs 949. As dealers begin to monitor the grey market, investors should temper their expectations for state-run insurers to list, as sentiments are harmed by low subscription numbers and a chaotic market. There are no listing gains for LIC investors, according to the Grey market. The Navratna corporation has already reduced its size, anticipating dwindling investor interest following the Russia-Ukraine conflict. But even that couldn't save it from the Indian Central Bank's surprise rate hike and a slew of other global factors that weighed on the stock market. The grey market has lost interest in sto...