Bumper response to LIC's IPO: IPOsubscribed 2.95 times, DIPAM secretary said - the issue shows the strength ofself-reliant India, know full details
Friends,
let us tell you that there are many IPOs going on in the stock market these
days and friends, many people worked and invested in them and people also made
a lot of profit from those IPOs.
Friends
would like to tell that LIC has launched the biggest IPO till date, let us tell
you that the investor has also got very good and good response from the
investors from LIC's IPO. Let us tell you that the last date for subscription
to this LIC's IPO, which opened for retail investors on May 4, has also ended.
From
the information received, you would like to tell the people that the issue was
subscribed 2.95 times and bids were also received for 47.77 million equityshares against 16.2 crore shares.
Also,
according to the information received, although the share of NII was subscribed
2.91 times, let us tell you that on May 17, the shares will be listed on the
stock exchange, although most market analysts have told that there can be no
harm in investing money in IPO by investing money in it. can.
Did LIC's gray market fall below the
premium?
Friends,
let us tell you from the information received from the sources that in the
graph, the gray market premium of PO has come down from 52.9% to Rs 40. Let us
tell you that earlier it was 85 rupees. In the IPO, the sentiments against the
market are being cited as the reason for this decline.
According
to the information received with this, let us tell you that in fact, the US Fed
has also received a good increase in interest rates and due to which the globalmarket has come under pressure and this is the reason that inflation has become
a problem for the whole world. Is.
Rs 5,630 crore raised from anchor
investors
According
to the information received from our sources, let us tell you that the
Government of India has also sold its 3.5% stake in LIC and wants to raise
about Rs 21,000 crore. Let us know that the price band of IPO is Rs 902 to 949.
With
this, you would like to tell the people that LIC has so far raised Rs 5,630crore from 123 anchor investors in exchange for 59.3 million shares at the rate
of Rs 949 on May 2.
Why is the Government of India selling
stake in LIC / what is the reason?
According
to the report of our experts, we would like to tell that the economy is going
through a difficult phase and the liability of the government seems to be
increasing very much, the government also needs more money.
At
the same time, the government says that it does not want to borrow money to
meet its funding needs and this has become perhaps the biggest reason for doing
so at this time.
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