LIC shares in grey market at 5-7% premium, might transfer forward, say observers

Market observers stated the shares of Life Insurance coverage Company (LIC) have been buying and selling at a premium of 5-7 per cent within the grey market.

He stated the shares have been altering palms at Rs 1,000 per share towards the anticipated IPO value of Rs 950.

“Enterprise exercise is skinny for the time being. We’ll see some traction as soon as the corporate formally publicizes the value band. Additionally, if the market stays secure and the IPO will get a powerful response from institutional traders, the premium will go up,” stated a dealer.

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