Hi S,
Firstly if this question is a duplicate from my end, excuse, i had some net issues. I am in a quandary as to what to do with the ICICI Lombard share allotment that I have surprisingly received in the recent IPO. Surprising, as I apply to many IPOs but never get allotted anything ever. so I was casual about this, as I had read that the issue price is over valued, i felt i anyway never get allotted. Now that I have been allotted, i would like to know if i exit early itself after the stock getting listed or do i hold on to it for long term. I am not looking for crazy returns, average is good. I am fine as long as I do not end up loosing. Let me know your thoughts please.
1 Answers
Hi,
ICICI Lombard stock is due to start trading on September 27. So, let's how it is going to make its debut!
I generally do not provide my views on direct equity.
Looking at the overall insurance penetration levels, general insurance companies have a great scope in a growing economy like India.
The overall long term view for insurance companies looks good, as of now.
On a lighter note, as this is your first allotment, why not hold on to these shares for long-term?? Cheers....
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