What price should I bid for LIC IPO?

Life Insurance Corporation (LIC) of India has set the initial public offering (IPO) issue price at Rs 949, which is at the top-end of the indicative range, said a report in the Economic Times. The LIC IPO sold in the range of Rs 902-949 from May 4 to May 9. LIC is the biggest IPO in the history of Indian stock markets.

Table of Contents

Should we buy manyavar IPO?

Manyavar makes an unexpectedly good listing despite a weak market momentum. Shares of Vedant Fashions a.k.a Manyavar listed at ₹936 while the shares were allotted at ₹866 per share. The IPO had received a tepid response from investors as its IPO was subscribed just 2.57 times on the last day of the bidding.

Should we buy Vedant Fashions?

The company has strong brand value with good fundamentals. However, valuation is a major concern. Investors should approach it from a long-term perspective, where any dip of 15-20 per cent from the current levels will be a good buying opportunity.

Is LIC IPO possible?

LIC IPO listing: Shares of Life Insurance Corporation (LIC) of India is going to debut on the Dalal Street today. As per the information available on the BSE website, LIC IPO listing date is 17th May 2022.

What is expected date of LIC IPO?

-Discount for LIC employees: GoI has announced ₹45 per equity discount to LIC employees applying for the public issue under employees category. – LIC IPO allotment date: The like date for share allocation announcement is 12th May 2022.

Is Manyavar IPO overvalued?

The entire IPO Proceeds would be utilized for offer for sale and company would not get any funds out of it. The IPO price is overpriced in general. Covid pandemic has affected business in the past.

Is Vedant Fashions IPO overvalued?

The issue is valued at P/E 161(x) to its FY21 earnings and P/BV of 24.42(x) which seems to be overpriced. Also, the IPO proceeds are purely an offer for sale and the company will not get benefit from such proceeds.

How much Vedant Fashions IPO subscribed?

The issue was subscribed 1.01 times by 1.13 pm as it saw bids for 2,58,06,187 shares against an offering of 2,54,55,388 shares in the issue, the BSE data showed. The quota for retail investors was subscribed 34 per cent while HNI quota fetched bids for only 11 per cent of their allocation.

Should I buy LIC IPO for long term?

Majority of the market experts say that LIC is a long term play and investors should bid for the issue as per their funds and risk appetite. However, one should not bet on issues for listing gains only.

Is LIC IPO overpriced?

The price band for the LIC IPO is ₹902-949 per equity share. As India’s capital market remains agog, waiting for its biggest-ever Indian IPO on May 4 for retail investors, the pricing of the issue remains its most controversial element.

Will LIC IPO give listing gain?

LIC IPO GMP suggests a muted listing — which could eventually lead to a slight loss for investors receiving offer shares. LIC IPO GMP today stands at minus Rs 25. Investors could face a possible listing loss. LIC policyholders and employees could still make a profit in case of a muted listing.

Is investing in IPO good?

You shouldn’t invest in an IPO just because the company is garnering positive attention. Extreme valuations may imply that the risk and reward of the investment is not favorable at the current price levels. Investors should keep in mind a company issuing an IPO lacks a proven track record of operating publicly.

Who owns manyavar?

Ravi Modi
Here’s how Modi, the latest and one of the youngest billionaires in India, built Manyavar and other Vedant Fashion brands ground up. Sometime in 2002, in his mid-20s, Ravi Modi wanted to buy a Mercedes. Not because he was a petrol head or because he wanted to flaunt his newfound success in his hometown, Kolkata.

When did manyavar IPO start?

The Manyavar IPO issue may list in 16 February 2022….Manyavar IPO Date.

IPO Opening Date	04 February 2022
Credit of Shares to Demat Account	15 February 2022
IPO Listing Date	16 February 2022

Is manyavar IPO expensive?

Vedant Fashions, owner of ethnic wear brand Manyavar, is all set to open its IPO from February 4 at ₹824-866 per share. Shares of the company are already demanding a premium of ₹40 per share in the grey market….

Listed peers	Market cap	Share price as of Feb 2
Kewal Kiran Clothing	₹1,419 crore	₹230