Life Insurance Corporation of India (LIC) IPO Message Board (Page 47)

GMP of LIC fallen to 22 and Rainbow to 10 (very less trades).

Gmp of LIC may not be straightforward as there are ph, employee, retail discounts.. so just do not publish gmp for the sake of it..

When you say GMP is 22, it means price will be 949 + 22. But for retail, PH etc categories, GMP will be their discount + 22. Still decent.

@ Ou Ai
Yours is a fantastic post.
The post of mine you have referred to was specifically seeking reconciliation with your view on that point of time but some members were arrogant and behaved unduly as they think dealing with economic matter tantamounts to speaking against the country and as if market runs discounting when it will be 5 trillion economy or at somebody 's mercy. It is useless to argue with such people and I did not respond.

Now , your unequivocal confession that you refrained from making comments to avoid these fellows clearly shows that a hugely knowledgeable person like you is not daring to make his valuable comments relevant to the time , may be right or wrong surely deprives the interested members of some benefit which is not desirable at all.
After that incidence I am somewhat demoralised and refrain from making serious posts and engaged with some casual ones though I have some with me.
Months ago I posted many biggies as to LIC ipo , this time none.

Now come to the point.
1.present time is more crucial than what it had been at that time.
2.Dollar index is supposed to be the thermometer of Indian share market.now the temperature is going to touch 104. It has started its journey from 89 about one year ago.
It signifies that the dollar is no longer in travelling mood. From Oct21 to today Fii has withdrawn 2.6 lac crore. This is an unprecedented exodus.
3.Indigenous liquidity multiplied by huge number of new demat has worked as a resistance but it too has an elastic limit and it is vulnerable to panic fall of the market.
4. nifty p/e is 21.24 today cause of serious concern if it breaks 21 like earlier occasion. P/B 4.31 is rather good sign that price has support of bv.
5.Now as to immediate behaviour of nifty, in the last two and a half months, 16800 is challenged seven times. This level of 16800 was broken once and the dip exte nded upto 15670 level. (Which I apprehended and you supported). Then the nifty crossed 16800 and made upward journey upto 17500. Technically 16800 should have been a strong support but again it has broken the level after two futile attempts. Not only that it has continued its downward journey without any bounce.
Thus 16800 wii no longer work as a support unless any huge incident pulls it above 17000. The support has thus shifted to 16100 as in the earlier occasion.
6.Beyond nifty, you may
see heavy fall of mid & smalls.
7. The inflation figures are coming up by leaps and bounds. You will be surprised to see the inflation figure of April and May as it come. The food inflation is the slaughter house of domestic savings. It will be in double digit. In Nov 13 food inflation was 19% which is one of the main reason for coming of the present Govt.
This Govt controlled it well and brought it down to 6.65% from earlier years 12.2%.
and 3.72% in 2019. Now it is coming back.
8. People may not be aware that inflation rate of srilanka and Bangladesh were respectively 6.15% and 5.69% in 2020 when ours was 6.64% and Pakistan 9.74%
Now see the condition of srilanka and others.
It is true that we are in a better condition having 63400 cr dollar reserve( 6.5% of which is in gold) which is about 17% of GDP and more than twice of yearly income of the Govt .still we are not absolve of the evils in the face of huge import compulsion at much higher price.
9.situation demands corrective measures in the form of curtailment of avoidable expenditure like DAN SATRA. much of which is enjoyed by influential persons of local political parties.
10. In the year 1974 , inflation rate was 28.6%, in 1975 it was 5.75 and in 1976 it was -ve 7.83. Nothing political about it. It is historical data. Somebody may explain it otherwise but it is an example of corrective action.
11. Lic ipo at the current valuation says something which I don't understand.
I SHALL TRY TO UNDERSTAND WHAT IS LIC AND ITS SHARE THROUGH A BIG POST ON THE 10/5 ONCE THE BIDDING IS OVER.
I am FF in LIC ipo.

Once again I thank you for your fantastic post.

@ K Atar
Sorry! I overlooked your post dated 8th. So failed to respond. I am always happy with your question. Delay may be for some constrant. I am not that much an emotional man. Always feel free .
@ Ou Ai
Your view is always valuable.
Thank you

@Asoke Sir, 👍

IPO Subscription

LIC INDIA

DAY 5

QIB : - 00.67 ×
HNI : - 01.24 ×
RETAIL : - 01.59 ×
Emp : - 03.79 ×
Policy Holder : - 05.04 ×
TOTAL : - 01.79 ×

APPLICATIONS : - 5896159

@Lokes sir, MRavi sir, and other ipo guru,
Kindly give ur final call on LIC IPO, whether applied or not?
How many lots u applied?
Thanks.

Thank u lokes sir

Lokes sir thank you

Is there any Small and big HNI in LIC IPO?

No

LIC of India - Daywise Procurement
Applications Amount in Cr
Day 1-4th May 2383673 9855.01
Day 2 -5th Ma 1256854 5260.50
Day 3 -6th Ma 1079961 5153.80
Day 4-7th May 72935 4095.34
Day 5 8th May 446319 2039.30
      Total       5896159 26403.95

I m unable to modify my ASBA bid in HDFC. Should I delete & apply for new BID? Pls help.

@Asoke Sarkar
Refer your comment on NIFTY fall last week. Last week, NIFTY came close to 16840 twice, regained 17100 before finally giving off yesterday. Downtrend actually began on the day Infosys & HDFC twins post Infosys results causing NIFTY fall to 16830~40 last half an hour confirming the weakness. Recoveries next 2 days was more due to upheld positions in monthly expiry. Fall in Infosys must have shocked several boarders who advocated in TCS buyback a switch from TCS to Infosys with analysis based on past 2 quarters results backed with other forecasts. Such convictions bereft of factoring geopolitical changes, currency issues, inflation bound to compel uninformed investors entering counters at inopportune time getting trapped till next upcycle. Your apprehension about steep inflation denting growth, cost of living and forex turbulence though was well placed, comments from boarders did not share same opinion at that point of time. A lot has changed in a week.

I refrained writing on this as many boarders prefer to hear optimism than realism. Rational profitable investments are normally done with cold emotions with neither excitement on profit nor remorse on losses. Even now you may see few patriotic reactions to your comments away from the real points that deter wise investing. India of course will not suffer from forex or supply constrains as in Sri Lanka & Nepal that are solely dependent on tourism with no other diversified industries. We in India will not see those days of queueing at the petrol pumps in 1993 again. Today India is in much better position. However, 5 trillion GDP will get pushed back by 3 to 4 years from 2025. (In real terms) What will bite India is high inflation, increase in fuel cost, edible oil cost, transport, FII outflow, increased living cost, reduced offtake in automobiles and so on. It is more of a slow poison. This can make general living more arduous. Stress will show in the banking sector, FMCG, IT. The sectors that will perform better will be commodities, textiles, and to a certain extent selected chemicals and fertilizers.

Confluence of Supply chain issues, decline in dollar supremacy, and inflation due to overprinting USD, with several unstated global restrictions on cooperation’s will impact global as well as NIFTY earnings. One has seen big frequent falls on US markets off late and with impending FOMC 0.5% hike that happened yesterday, RBI did not have an option but call for emergency meeting to declare 0.4% hike that tanked NIFTY breaking 16800 support. We are on course to 16400-500, then 16000 on a longer run as more bad results trickle in. In essence the market will attempt to readjust to lowered PE multiples with moderate growth dented by lower profits on account of inflation.

Relentless selling from FIIs is not because India as an emerging market is unattractive, but due to increased redemption pressures in high inflation countries like USA where it is at 8.5%. Bond yields moving up to a level of 3.5 % is another concern. Several countries including India have transferred their Forex reserves to alternate currencies and gold. The stock market returns of past 18 months from April 2020 was actually dream run not seen many times in history, less often repeated. Many new investors tend to believe this to be continuing feature in future.

Having said that, several opportunities to pick up stocks exist. One needs to remember that in each upturn, new sectors, new stocks will begin to perform. We will find ample opportunities to stock pick for those having patience to wait over 5 years long term.

Thus a week’s NIFTY movement indeed vindicated your apprehensions from in-depth analysis & study in your comments!

Please read 6 months roiling returns negative 9% , not 13.7 typed ..Sorry for mistype.

@ Ou Ai & Lokes
My take is as follows :
1. For a trader there is no tomorrow, so a trader should have understanding of what is going to happen today in nifty for nifty traders and individual stock for stock traders.
2. For positional traders what is going to happen in near time.
3. For a very long term investor, it is immaterial whether it is 15k or 18k. Fresh entry is in the eye of the opportunistics.
4. If we jumble up, it may help us to misunderstand the episode.
Thanking you.

What will be the expected times of oversubscription in the following categories tomorrow:
Retail
Policy Holder

Retail category application vise may be subscribed maximum 1.4 to 1.5 times. Many UPI mandates will not be approved by applicants due to ignorance or funds requirements. Policy holders category may be subscribed about 7 times due to proportional allotment.

How many shares will I get. I have applied for 15 lots.

No offence, Just my view point
Listing price of IPO depends upon 4 things-
1.Future growth (depends on Mkt share trends-In case of this LIC, future growth is falling)
2.IPO price/Intrinsic value (depends on EPS) - IPO price is not attractive (PE is 201.9x while industry avg is 79.7x)
3.Benefit of market sentiment (hype created through GMP in market) - Market sentiments are already negative and GMP around 3% equivalent to NIL.
4.Participation of NIIs and QIBs on last day.
Also no sign of great participation from NII and QIBs.
If on optimistic side, let stock list at 1000 then listing gains is merely around 1500/- per lot.
But if we consider the size of IPO and valuations, more likely it will list around 850 and God knows where it will closes on 17th.
My strategy- Good company for investment but not through IPO, rather i will buy from open market after listing. (Let the market remove the Noise) . Same strategy in Paytm and Zomato, where there is too much noise. Failed in Zomato but at least saved in Paytm.

உங்கள் அலசல் எனக்கு பிடித்திருக்கிறது! என் மனதைச் சொன்னாய்!
மற்றும் 100% சரியாக இருக்கும்! மேலும் சில சமயம் தமிழில் எழுதுங்கள் என்று தமிழ் தெரிந்தவர்கள் பலர் சொல்வதால் நான் தமிழில் எழுதுகிறேன்! [ Dil garden Garden ho gaya ]

Just my view point
Listing price of IPO depends upon 4 things-
1.Future growth (depends on Mkt share trends-In case of this LIC, future growth is falling)
2.IPO price/Intrinsic value (depends on EPS) - IPO price is not attractive (PE is 201.9x while industry avg is 79.7x)
3.Benefit of market sentiment (hype created through GMP in market) - Market sentiments are already negative and GMP around 3% equivalent to NIL.
4.Participation of NIIs and QIBs on last day.
Also no sign of great participation from NII and QIBs.
If on optimistic side, let stock list at 1000 then listing gains is merely around 1500/- per lot.
But if we consider the size of IPO and valuations, more likely it will list around 850 and God knows where it will closes on 17th.
My strategy- Good company for investment but not through IPO, rather i will buy from open market after listing. (Let the market remove the Noise) . Same strategy in Paytm and Zomato, where there is too much noise. Failed in Zomato but at least saved in Paytm.

Latest GMP

Campus 40

LIC 23/25

Rainbow -18 (Discount)

After listing this ipo will be declare as a national ipo🇮🇳😆

😂😂

Dear members , out of topic question ... whether in SBI capital can i open a demat and trading account for my partnership firm with each of its four members already have a demat in their individual PAN number ... also my partnership firm has separate PAN card ( can i open DMAT using that PAN ) ... What are issues with respect to facing filing IT for the partnership firm ( already my firm is under TAX AUDIT ) ... experts need your opinion ???

You can open denat using your firm PAN card...
There will be no issue
A partnership firm has to file itr 5 other than the individual partners

Thank you sir...

LIC PREMIUM : 22----25. 👎

My group and I have withdrawn all (my 9)bids due to uncertainty in market and no return is feasible in LIC ipo. Why should take unnecessary risk. Technically global markets are very week. I can imagine that our nifty would be touch new low below 15700 if LIC listing flop on 17th. Again same stroy going to happen like Reliance Power but still people don't understand. Just think if LIC ipo list in discount then how many people get feared and sale their position blindly. Just think twice before applying. If not believe then see the facts on listing day.

No doubt market sentiments are bad and large companies have not been giving good returns in the past, but LIC case is different, as its coming up with good valuations and are profitable unlike Paytm. I am personally not looking at HNI due to current market situations but feel its worth taking risk as a retail investor since you have a 5 per cent cushion and goverenment needs to sell more stake in future so they will definitely make some arrangements for positive listing or being at a par at a minimum and for that reason i am applying from 6 different family accounts just under retail category.

You cancelled your application, But Joe Biden applied in all 3 categories with maximum amount in LIC ipo

Really feel sad for Bank employees who are working today on a Sunday just for processing LIC IPO applications. I don’t think it must’ve helped anyone much when there are 5 working days to apply 🤷‍♂️

Working..... ..
Lunch k baad aana

Unko bola gya tha agar LIC se pese nikalne me help nhi karoge to tumhari bech k nikalege lekin nikalege jroor..

Karib Karib 900 Messages ho gaye h LIC Forum Par Poori Ramayan ki Katha Shun rahe h Lekin Sita kaun thi kaisi thi Charcha nahi ho rahi h .
[ Sita Se tatparya h LIC ka 3 Years ka Net Profit 3 Years ka EPS Aur PE Ratio.
Monopoly to Coal india, PFC REC ONGC, GIC ki bhi hai.

We have seen the monopoly of IRCTC, I was allotted 3 lots and it has given unexpected returns so have faith on present government they must have left on the table for the Investors.

OFS bhi ayega 1 sal baad so so sita gita jo bhi kon kya hai ye wo jyada koe nahi bata sakta,
Par jeet paaki hogi

LIC SELLING ONLY 3.4 TO 4 PER SHARES ONLY 96% IS WITH THEM.


FEW DAYS BACK WE HAVE SEEN RUCHI SOYA 650 IPO PRICE NOW TRADING ABOVE 1000+

SAME WILL BE SEEN IN LIC ALSO.
AS SOON AS LISTED IT WILL BE IN NIFTY50 BECAUSE OF MARKET CAP 6L CR
ALL MF HOUSES WILL START BUYING.
EVEN LIC DON'T KNOW THE REAL ESTATE VALUE OF THERE FIXED ASSETS(EVERY SMALL TOWN, MID TOWN,SMALL AND BIG CITY'S THEY HAVE PROPERTY) IT HAS HUGE LAND BANK.
IT HAS 1% TO 6% STEAK IN THE LISTES COMPANY'S(REL,TCS,etc)
ONLY IN COVID IT MADE 35000CR PROFIT IN SHARE MARKET(IF I AM NOT WRONG)

I have applied 2 lots from Up Stock and HDFC Sec, in upstock, the retail discount was not debited, and full amount for 1 lot is on hold. While applying via HDFC 45 Rs got deducted and amount is on hold accordingly. Any one can comment here why there is difference between upstock and hdfc.