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The gray market premium for LIC is now negative.

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3 years ago

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The gray market premium for LIC is now negative.

Life Insurance Corp (LIC) shares’ grey market premium (GMP) turned negative on Wednesday, ahead of its May 17 listing.

According to a trader who did not want to be identified, the LIC GMP peaked at Rs 93-95 per share and then began to decline. On May 5, it was trading between Rs 8 and Rs 10 per share. It was extremely volatile on May 6 and 10, with a downward trend, he said. He added that it had fallen from Rs 8-9 per share to a negative Rs 15 per share on Wednesday.

The GMP has steadily declined since its peak, owing to concerns about a lacklustre response from foreign investors. Retail and domestic institutional investors were the primary buyers of the IPO. The presence of foreign investors was minimal.

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Investors were also concerned by volatility, which was sparked by fears of global central banks tightening in response to higher inflation.

While the lower valuation in comparison to peers is a positive, analysts are concerned about accumulated losses of Rs 6,028 crore, loss of market share, a lack of digital presence, and the perception that not all decisions made by the country’s largest life insurer are in line with shareholder interests.

By selling 3.5 percent of its stake in the country’s largest insurer, the government will raise Rs 20,500 crore. The stock offering began on May 4 and ended on May 9. On May 12, allotments will take place, and shares will be credited to demat accounts on May 16.

The price band had previously been set at Rs 902-949 per share by LIC, which had slashed around 60% of its issue size due to poor market conditions.

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The initial public offering (IPO) was a pure offer to sell up to 221.37 million shares. For the anchor investor portion, the company set aside 59.29 million shares. The reservation portion for employees is 1.58 million, while the reservation portion for policyholders is 22.14 million. The QIB portion has a value of 98.83 million.

“The IPO was reasonably priced.” However, investors’ moods were disturbed by volatile market sentiments. If market sentiments had remained stable, we would have seen much higher subscription across all investor categories,” said Manan Doshi, co-founder of UnlistedArena.com.

“Despite the attractive offer, the volatile market environment, low subscription, and bulky issue size are the factors generating pessimism,” he said.

Meanwhile, GMP of Delhivery Ltd, Venus Pipes & Tubes Ltd, and Prudent Corp Advisory Services Ltd were trading at Rs 8-9 a share, Rs 40-42 a share, and Rs 34-36 a share, respectively.

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Parineeti Chopra

Parineeti Chopra has the ‘best sensations’ as Raghav Chadha recreates her viral Hasee Toh Phasee reel. Watch

Published

16 hours ago

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April 21, 2025

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Parineeti Chopra has the ‘best sensations’ as Raghav Chadha recreates her viral Hasee Toh Phasee reel. Watch

Parineeti Chopra and her husband Raghav Chadha have been spotted on social media sharing a funny dialogue from their 2014 film Hasee Toh Phasee. The dialogue has gone viral, with celebrities sharing the audio on their Instagram reels. Raghav, who is also an actor, has created a viral reel featuring photos from their wedding, honeymoon trip, vacation, and Wimbledon.

Outing The couple recently announced that Raghav has completed his leadership training program at Harvard Kennedy School, expressing gratitude for the transformative experience. Parineeti, who calls herself a Harvard wife, posted on Instagram, “My husband is a Harvard return.” The couple tied the knot on September 24, 2023, at the Leela Palace Hotel in Udaipur.

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Rajasthan, attended by various celebrities and politicians. The couple’s relationship has been a source of happiness and support for both Chopra and Chadha Parineeti Chopra’s quirky dialogue from her 2014 film Hasee Toh Phasee, “Meri body mein sensations hote hain,” has recently gone viral on social media, with numerous celebrities and fans creating reels using.

The video begins with the iconic scene from Hasee Toh Phasee, followed by a series of endearing snapshots capturing the couple’s journey—from their wedding and honeymoon to festive celebrations like Karwa Chauth and outings such as Wimbledon. In the caption, Raghav wrote, “Her dialogue went viral. Everyone’s vibing. I had FOMO the catchy audio. Joining.

Parineeti responded to the post with affection, commenting, “The best sensations out of all the trend, her husband, politician Raghav Chadha, shared a heartfelt reel on Instagram, “Awwww.” Social media users praised the reel, with comments like “Cutest reel on this trend” and “We have the WINNER of this featuring a montage of their cherished moments together.

Fans and fellow celebrities were quick to express their admiration. Actress Kriti Verma ragaiii She also reshared the reel on her Instagram Stories, adding, “The best one yettttt commented The best one,” while Harleen Sethi added, “Awwww.” Social media users praised the reel, with reel on comments like “Cutest reel on this trend” and “We have the WINNER of this Trend.

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The original dialogue gained renewed popularity after being remixed by music producer reel Parineeti reacted with joy the reel on her Instagram story, adding on Pextyle, turning it into a trending audio clip on Instagram. Parineeti expressed her delight over the resurgence, stating, “Social media is a crazy place! It can resurrect and create art that you would never think of! I love that this craziness of mine has become viral.”

Parineeti and Raghav tied the knot on September 24, 2023, at The Leela Palace Hotel in reel on bond, further endearing them to their audience. Udaipur, Rajasthan, in a ceremony attended by close friends, family, and notable personalities from both the entertainment industry and bond, further endearing them to their audience politics delightful exchange Parineeti.

On the professional front, Parineeti was last seen in Amar Singh Chamkila alongside Diljit reel on Dosanjh. She is set to make her web series debut in an upcoming mystery thriller directed between by Rensil D’Silva, which will stream on Netflix Parineeti Chopra’s popular line from Hasee Toh Phasee — “Meri body mein sensations hote hain” has taken Instagram by storm.

Raghav posted a playful yet touching reel using the trending audio clip, surprising fans and Parineeti alike. His reel featured a montage of personal moments from their life — wedding glimpses, travel snaps, Karwa Chauth celebrations, and even their appearance at Wimbledon. The video opened with Parineeti’s iconic film dialogue and then transitioned to sweet clips of

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