Everyone is waiting for the most awaited Life Insurance Corporation of India (LIC) IPO. Village or city, there is a discussion about LIC’s IPO everywhere. It is estimated that people will bet on a large scale, but there are still many such questions about which there is confusion. We will answer your every question before launching LIC IPO.
Question- From how long can I bet on IPO?
Answer- LIC IPO is going to be launched on 4th May i.e. Wednesday. If you want to bet for this IPO, then there is a chance till 9th May. Let us tell you here that May 7-8 is Saturday and Sunday and during this time you will not be able to bet. You will have to wait for the day of Monday i.e. 9th May.
Question- How much money will be required for IPO?
Answer- If you want to bet on IPO, then you should have at least Rs 14,235 for this. You can apply for a minimum of one lot and a maximum of 14 lots. The maximum one can invest for IPO is Rs 1,99,290. Your money will be frozen according to the number of lots you bet on. Let us tell you that there will be 15 shares in one lot.
Question- IPO or not, by when will we know?
Answer- The date of allotment of LIC shares is 12th May 2022. On this day you will know whether LIC’s IPO was felt by you or not. In case LIC’s IPO is not allotted, your frozen amount will be released.
Question- What to do if IPO is allotted?
Answer- You will have to wait for the day of listing if LIC’s IPO is allotted. The shares of LIC will be listed on BSE and NSE and the tentative date of share listing is 17th May 2022.
Question- What will happen on the day of listing?
Answer- For those who have been allotted the IPO of LIC, the day of listing of the shares will be very important. Such investors will be able to see how much profit or loss is being made on the amount they have bet.
Question- Will LIC IPO benefit or harm?
Answer- Generally, the GMP of the IPO i.e. what is the gray premium, is estimated on that basis. LIC’s Gray Market Premium (GMP) is Rs 85. This means that the issue price of LIC IPO can make a profit of Rs 85 per share.
Read this-Adani steps up to buy Ambuja Cement, JSW is also in the race