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Premium On LIC Shares In Gray Market: GMP of LIC shares reduced but investors will still be in profit, know why

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LIC IPO GMP: LIC’s gray market premium was seeing an increase after the IPO opened yesterday, but after the RBI raised the repo rate yesterday afternoon, its GMP started declining. Its gray market premium was seeing a jump of up to Rs 125 per share but today its GMP is almost half of its all time high.

GMP of LIC’s stock fell from Rs 125 to Rs 65
According to a report by the English economic portal Moneycontrol, LIC’s stock was getting a premium of Rs 72 in the gray market, which increased from Rs 85 and Rs 105 to Rs 125 per share. However, after this the premium of the share declined and its gray market premium has come down from its high to Rs 65 per share.

LIC shares still profitable at issue price
LIC’s share is still profitable at the issue price as LIC policyholders are getting a discount of Rs 60 and retail investors and staff (employees) Rs 45 per share. The price band of LIC IPO is Rs 902-949. In this way, if the premium on each share is added, then the investors are getting a profit of more than Rs 100 per share.

Market experts say that the premium of Rs 60 per share is also not less. Policyholders are getting a discount of Rs 60 per share, while retail investors and employees are also being given a discount of Rs 45 per share. In this way, if the premium is added, then even at the issue price, the investors are getting more than Rs 100 profit per share.

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