The tepid listing of LIC is factor of weak sentiment in global markets and it has not to do with the company's valuations. At the upper band LIC IPO was priced at 1.1 times to its embedded value, which was at a significant discount to peers
LIC IPO, the country's largest IPO ever, was subscribed 2.95 times during the exceptional five-day share sale which ended on May 9
Nifty is likely to go up to 16,180-16,400 levels during the week as all the technical parameters are in oversold zone and hint at a possible bounce
Retail individual investors bid for 9.57 crore shares as against 6.9 crore set aside for this segment, translating into an oversubscription of 1.44 times
The Retail Individual Investor (RII) category garnered over 7.2 crore bid, as against 6.9 crore shares set aside for this segment
Portion set aside for retail individual investors was subscribed 90 per cent with quota reserved for policyholders getting subscribed 3.02 times and the quota...