LIC IPO: GMP falls 40% in a week; can investors see a listing pop?

Analysts anticipate volatility in the grey market to moderate after the US Federal Reserve (US Fed) clears uncertainty over rate hike in its May meeting

India’s biggest-ever initial public offering (IPO) – Life Insurance Corporation of India - kicked-off on Wednesday, May 4. As of 12:06 pm, the issue was subscribed 28 per cent, led by policyholders, employees and retail with 99 per cent, 48 per cent, and 31 per cent, applications respectively. GET ALL SUBSCRIPTION UPDATES HERE
 

According to data by IPO Watch, shares of LIC were trading at Rs 65 premium in the grey market, which implies the stock is expected to debut bourses at more than Rs 1,000. Over the past one week, the Rs 21,000 crore LIC issue saw