LIC fixes price band at ₹902-949 for May 4 IPO
2 years, 7 months ago

LIC fixes price band at ₹902-949 for May 4 IPO

The Hindu  

The Life Insurance Corporation of India on April 27 fixed its price band at ₹902- 949 per share for its Initial Public Offering set to open on May 4. Earlier, the government had planned to sell 5% of its stake in LIC, amounting to 31.6 crore shares, and had filed draft papers to that effect with Securities and Exchange Board of India. According to international actuarial firm, Milliman Advisors., LIC’s embedded value, i.e., a measure of the consolidated shareholders value in an insurance company, is at around ₹5.4 lakh crore as of September 30, 2021. According to investor feedback, the market value of LIC is around ₹6 lakh crore- 1.1 times its embedded value.

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History of this topic

LIC share price drops 3.5% as November premiums decline 27% YoY
2 weeks ago

LIC share price drops 3.5% as November premiums decline 27% YoY

Live Mint  

LIC share price: The share price of Life Insurance Corporation dropped by 3.5% during Tuesday's trading session as the life insurer encountered a tough month, with its premiums for November declining by 27% compared to the previous year. Nuvama Institutional Equities highlighted the impressive performance of private life insurers, which have shown a robust year-over-year growth of 15.4% in individual …

Why is LIC share price rising for six straight sessions despite fall in other insurance stocks? EXPLAINED
3 weeks, 3 days ago

Why is LIC share price rising for six straight sessions despite fall in other insurance stocks? EXPLAINED

Live Mint  

LIC share price: Despite selling in the insurance stocks last week, shares of the Life Insurance Corporation of India registered decent buying throughout the week. According to stock market experts, the LIC share price is rising for two reasons: the insurance regulator raises concerns over bancassurance exposure and entry in the F&O segment. This shift towards more profitable products reflects …

LIC shares rise over 5% : Issues clarification on a acquisition buzz : Better place amidst IRDAI Bancassurance concerns
3 weeks, 4 days ago

LIC shares rise over 5% : Issues clarification on a acquisition buzz : Better place amidst IRDAI Bancassurance concerns

Live Mint  

Stock Market Today: Life Insurance Corporation of India share price gained over 5% in the morning trades on Friday. The LIC share price thereafter gained further to ₹987.50 during the intraday trades which market gains of more than 5% Clarification on the acquisition buzz Life Insurance Corporation of India issued clarification clarification that was sought from it by the stock …

LIC clarifies on ManipalCigna stake acquisition buzz; here’s what the insurer said
3 weeks, 5 days ago

LIC clarifies on ManipalCigna stake acquisition buzz; here’s what the insurer said

Live Mint  

Stock Market Today: Public sector insurer Life Insurance Corporation of India clarified in an exchange filing on Thursday, November 28, regarding a recent news item about a potential 50% stake acquisition in ManipalCigna Health Insurance. Business daily The Economic Times today reported that Life Insurance Corporation of India is in discussions to acquire a nearly 50% stake in ManipalCigna Health …

Explained: Why LIC share price gained nearly 4% in early trade
3 weeks, 5 days ago

Explained: Why LIC share price gained nearly 4% in early trade

India Today  

Shares of Life Insurance Corporation of India rose nearly 4% in early trade after a media report indicated that the state-owned insurer has moved closer to acquiring half of ManipalCigna Health Insurance. This potential deal would mark LIC’s entry into the growing health insurance market, diversifying its business from its core life insurance offerings. If finalised, the deal is expected …

LIC shareholding: Life Insurance Corporation raises stake in LTIMindtree. Details here
1 month ago

LIC shareholding: Life Insurance Corporation raises stake in LTIMindtree. Details here

Live Mint  

LIC shareholding: Insurance behemoth and India’s largest domestic institutional investor Life Insurance Corporation of India raised stake in IT company LTIMindtree via open market purchases. In an exchange filing on Thursday, LIC said it has increased its shareholding in equity shares of LTIMindtree from 1,49,06,665 to 2,08,34,009 i.e., 5.033% to 7.034% of the paid-up capital of the company. In the …

LIC looks to buy stake in standalone health insurer by March; Q2 profit falls nearly 4%
1 month, 2 weeks ago

LIC looks to buy stake in standalone health insurer by March; Q2 profit falls nearly 4%

Live Mint  

Mumbai: Life Insurance Corporation of India is identifying and evaluating standalone health insurers to acquire stake in one of these by March 2025, according to MD and CEO Siddhartha Mohanty. We’ll have stake in some standalone health insurer, at least within this financial year,” Mohanty said during the insurer’s earnings call, adding that the process is taking some time due …

LIC asks shareholders to update these details to avoid higher TDS on dividends: Check deadline
5 months, 2 weeks ago

LIC asks shareholders to update these details to avoid higher TDS on dividends: Check deadline

Hindustan Times  

The Life Insurance Corporation of India advised shareholders to update their Permanent Account Numbers. The Income Tax Act, 1961 mandates that LIC deducts tax at source on dividends paid to members. For this, LIC members are requested to complete and/or update their residential status, PAN and other details as per the IT Act. LIC said, “Members who have not updated …

LIC shares up after it gets 3 years to meet minimum public shareholding norms
7 months, 1 week ago

LIC shares up after it gets 3 years to meet minimum public shareholding norms

Hindustan Times  

LIC share price today: The shares of Life Insurance Corporation of India opened at ₹934 apiece on NSE and touched an intraday high of ₹962 per share as they were up 5 per cent rise against Tuesday's close of ₹931 apiece. This comes after market regulator Securities and Exchange Board of India granted three years more years to LIC to …

LIC gets 3 more years till May 16, 2027 to meet Sebi's 10 per cent public shareholding norm
7 months, 1 week ago

LIC gets 3 more years till May 16, 2027 to meet Sebi's 10 per cent public shareholding norm

New Indian Express  

NEW DELHI: Life Insurance Corporation on Wednesday said markets regulator Sebi has granted an additional 3 years time till May 16, 2027 to comply with the 10 per cent public shareholding norm. "Securities and Exchange Board of India vide its letter dated May 14, 2024 has conveyed its decision, to grant additional time of 3 years to Life Insurance Corporation …

LIC share prices down 10% in 5 sessions. What's happening? Will it fall more?
9 months ago

LIC share prices down 10% in 5 sessions. What's happening? Will it fall more?

Hindustan Times  

LIC share price: Shares of Life Insurance Corporation of India were down more than 2 per cent as it announced that it had received approval from the government for a wage revision following which salaries will be raised by around 17 per cent for its over 1.1 lakh employees. LIC share price today At 11.30am, the LIC shares were at …

LIC stock rallies 2% after company receives refund order worth ₹21,740 crore
10 months ago

LIC stock rallies 2% after company receives refund order worth ₹21,740 crore

Live Mint  

Life Insurance Corporation India shares saw a notable uptick of over 2 percent. According to a regulatory filing made by the company on February 16, the total value of refunds stands at ₹25,464 crore, with the company actively pursuing the remaining balance with the Income Tax Department. According to a Mint study based on regulatory filings, the state-run insurer sold …

LIC receives ₹21,740 crore tax refund; remaining ₹3,700 crore awaited
10 months, 1 week ago

LIC receives ₹21,740 crore tax refund; remaining ₹3,700 crore awaited

Live Mint  

Life Insurance of India of India announced that it received refund orders for ₹21,740.77 crore from the Income Tax Department. According to a Mint study based on regulatory filings, the state-run insurer sold part of its investments in at least 100 top listed companies, which, based on volume-weighted average price for the October-December period, adds up to ₹39,163 crore—the highest …

LIC shares surge over 6 per cent after Q3 net profit rises 49 per cent to Rs 9,444 crore
10 months, 2 weeks ago

LIC shares surge over 6 per cent after Q3 net profit rises 49 per cent to Rs 9,444 crore

India TV News  

Shares of Life Insurance Corporation of India rose by over 6.30 per cent to a 52-week high after the company reported a 49 per cent surge in net profit for the quarter ending December. Financial performance The public sector life insurance company reported a net profit of Rs 6,334 crore in the corresponding period of the previous year, as per …

LIC profit rises 49 per cent to Rs 9,444 crore in third quarter
10 months, 2 weeks ago

LIC profit rises 49 per cent to Rs 9,444 crore in third quarter

India TV News  

LIC profit rises: State-owned insurer LIC today reported a 49 per cent jump in net profit at Rs 9,444 crore for the third quarter ended December 2023. LIC becomes 5th most valuable firm as stocks soar Shares of Life Insurance Corporation of India jumped more than 6 per cent on Thursday, with its market valuation climbing to Rs 6.99 lakh …

LIC gets RBI nod to acquire 9.99% stake in HDFC Bank
10 months, 4 weeks ago

LIC gets RBI nod to acquire 9.99% stake in HDFC Bank

Hindustan Times  

HDFC Bank announced on Thursday that the Reserve Bank of India has allowed the Life Insurance Corporation of India to acquire a 9.99 percent stake in the company. LIC got the approval to acquire 9.99 percent stake in HDFC Bank “LIC has been advised by RBI to acquire the aforesaid major shareholding in the Bank within a period of one …

LIC overtakes SBI to become most valued PSU as shares hit ₹900 for first time
11 months, 1 week ago

LIC overtakes SBI to become most valued PSU as shares hit ₹900 for first time

Hindustan Times  

Life Insurance Corporation of India broke a new record on the stock market today as the share price of the company touched ₹900 for the first time. The massive uptick of share prices of the insurance giant saw LIC's market capitalisation crossing ₹5.66 lakh crore. LIC becomes India's most valued state-run company With the spike in share prices, LIC has …

LIC reduces stake in HDFC Asset Management Company to 7% from 9.04%
1 year ago

LIC reduces stake in HDFC Asset Management Company to 7% from 9.04%

Live Mint  

Life Insurance Corporation of India has decreased its shareholding in leading asset management firm HDFC Asset Management Company by buying additional shares via open market transactions. On Friday, LIC informed in a regulatory filing to the stock exchanges that it has decreased its shareholding in HDFC Asset Management Company from 1,93,11,744 to 1,48,44,466 equity shares. ‘’Pursuant to Regulation 30 of …

LIC shares jump 9.7%, logs biggest intraday gain since listing; here’s why
1 year, 1 month ago

LIC shares jump 9.7%, logs biggest intraday gain since listing; here’s why

Live Mint  

Shares of Life Insurance Corporation, India's largest life insurer, experienced a robust intraday surge of 9.7% during Friday's trade, hitting a 10-week high of ₹677.65 apiece and also marking the largest intraday gain since listing in May 2022. This notable upswing followed LIC's target of achieving double-digit growth in new business premiums for FY24. 2-3 more policies will be launched …

LIC targeting double digit growth, plans to launch 3-4 new products for FY24: Chairman
1 year, 1 month ago

LIC targeting double digit growth, plans to launch 3-4 new products for FY24: Chairman

Live Mint  

Insurance behemoth Life Insurance Corporation is set to unveil 3-4 new products in the upcoming months, aiming a double-digit increase in new business premiums during the current fiscal year. Mohanty further added that 2-3 additional policies will be introduced throughout the year to attain a double-digit growth in new business premiums. In the initial half of the ongoing financial year, …

LIC shares may see 51% upside amid deepening market cap discount: Analysts
1 year, 1 month ago

LIC shares may see 51% upside amid deepening market cap discount: Analysts

Live Mint  

Shares of Life Insurance Corporation of India, the state-run largest life insurer, are projected to rise more than 50% from the current levels as deepening market cap discount to embedded value posits attractive valuation, analysts said. After a significant interest from investors for its ₹21,000-crore worth initial public offering, LIC shares were listed on May 17, 2022, at ₹867.20, a …

Learnings from LIC must guide PSU stake selloffs
1 year, 1 month ago

Learnings from LIC must guide PSU stake selloffs

Live Mint  

Investors who had subscribed to the Life Insurance Corporation of India initial share sale in May last year would be a disappointed lot today. Since retail investors tend to repose faith in government enterprises, and LIC especially was a fancied business for its dominance of India’s insurance sector, a high valuation may have got overlooked in the buzz over its …

LIC share price jumps 5% after Q1 net profit swells multi-fold; should you buy?
1 year, 4 months ago

LIC share price jumps 5% after Q1 net profit swells multi-fold; should you buy?

Live Mint  

Life Insurance Corporation of India share price rallied more than 5% on Friday after the state-run insurance behemoth reported a multifold jump in its net profit for the quarter ending June 2023. LIC share price gained as much as 5.42% to ₹676.95 apiece on the BSE. Brokerage firm Motilal Oswal says LIC has the levers in place to maintain its …

LIC share price down about 12% this year so far; should you buy this stock?
1 year, 6 months ago

LIC share price down about 12% this year so far; should you buy this stock?

Live Mint  

Life Insurance Corporation shares have been under pressure this year but they could be one of the best bets at this juncture as brokerage firms appear positive about the growth prospects of LIC after the impressive March quarter show of the largest life insurer in India. Brokerage firm Motilal Oswal Financial Services maintained a buy call on Life Insurance Corporation …

LIC shares climb nearly 4% after Q4 earnings
1 year, 6 months ago

LIC shares climb nearly 4% after Q4 earnings

The Hindu  

Shares of LIC on May 25 climbed nearly 4% after the company posted more than five-fold jump in consolidated net profit at ₹13,191 crore for the fourth quarter ended March 2023. However, total income during the March quarter declined to ₹2,01,022 crore from ₹2,15,487 crore in the same period a year ago, LIC said in a regulatory filing on May …

As LIC reports 447.5% growth in Q4 consolidated PAT, read how Rahul Gandhi and ‘journalists’ had accused the Modi govt of ‘killing’ India’s largest insurer
1 year, 6 months ago

As LIC reports 447.5% growth in Q4 consolidated PAT, read how Rahul Gandhi and ‘journalists’ had accused the Modi govt of ‘killing’ India’s largest insurer

Op India  

On May 24, India’s largest life insurer LIC reported an impressive growth for the fourth quarter of Financial Year 2022-23. — Rahul Gandhi May 18, 2023 Opposition, journalists and liberals attack Modi govt over alleged LIC losses For Congress Party, Rahul Gandhi became the frontrunner to attack the Modi government over LIC market share and its holdings in Adani Group …

LIC Q4 net profit surges over 5-fold to ₹13,191 cr
1 year, 6 months ago

LIC Q4 net profit surges over 5-fold to ₹13,191 cr

The Hindu  

Insurance behemoth LIC on Wednesday posted a more than five-fold jump in consolidated net profit to ₹13,191 crore for the fourth quarter ended March 2023. For the entire financial year 2022-23, LIC registered a multi-fold rise in net profit to ₹35,997 crore from ₹4,125 crore in the preceding financial year. Last year, the government raised ₹20,557 crore by diluting its …

One year of Listing: LIC share still down 40% from IPO price
1 year, 7 months ago

One year of Listing: LIC share still down 40% from IPO price

Live Mint  

It has been one year since the Life Insurance Corporation of India shares were listed on domestic stock exchanges after the completion of its ₹21,000 crore worth initial public offering, the country’s largest IPO. The shares of LIC, the country’s largest insurer, came under pressure amid multiple headwinds such as weak market conditions, changes in tax policy and the Adani-Hindenburg …

LIC gains 4%, hits over 3-month high in subdued market
2 years ago

LIC gains 4%, hits over 3-month high in subdued market

Business Standard  

LIC gains 4%, hits over 3-month high in subdued market The government aims to appoint a private sector professional as the first chief executive of the LIC in an effort to modernise its largest insurer after a disappointing stock market debut Premium Ashishkumar Chauhan, MD and CEO of BSE, LIC Chairperson Mangalam Ramasubramanian Kumar and Tuhin Kanta Pandey, DIPAM Secretary …

IDBI Bank privatisation: Govt, LIC to sell 60.72% stake, invite bids
2 years, 2 months ago

IDBI Bank privatisation: Govt, LIC to sell 60.72% stake, invite bids

India TV News  

The government on Friday invited bids for privatising IDBI Bank and said that it together with LIC will sell a total of 60.72 per cent stake in the financial institution. The government and LIC hold 94.72 per cent stake together in IDBI Bank. Life Insurance Corporation holds 529.41 crore shares representing 49.24 per cent stake in IDBI Bank, while the …

LIC Shares Surge Over 7% in 5 Days; Analysts See Up To 20% Further Returns
2 years, 5 months ago

LIC Shares Surge Over 7% in 5 Days; Analysts See Up To 20% Further Returns

News 18  

LIC Share Price: Life Insurance Corporation shares surged in early trade after brokerage firm Motilal Oswal gave the insurance behemoth a ‘Buy’ rating. Motilal Oswal estimates LIC to deliver around 10 per cent CAGR in NBP during FY22-24E while the Value of New Business margin is likely to improve to 13.6 per cent on improving product mix and higher profit …

LIC Shares Rise for Third Day in a Row; What Should Investors Expect Next?
2 years, 6 months ago

LIC Shares Rise for Third Day in a Row; What Should Investors Expect Next?

News 18  

LIC Share Price Today: Life Insurance Corporation shares opened upside for the third day in a row and surged on to hit an intraday high of Rs 678.80 apiece levels, logging around 2 per cent rise on Wednesday morning from its yesterday’s close of Rs 665.20 per share. “Thesis centers on LIC’s 0.75 times price to embedded value – a …

LIC Share Price Will Improve As the Market Condition Stabilises: LIC chairman MR Kumar
2 years, 6 months ago

LIC Share Price Will Improve As the Market Condition Stabilises: LIC chairman MR Kumar

News 18  

The mega Rs 21,000-crore share sale of LIC took place amid challenging condition that has seen the stock lost about a quarter of its value. Pointing out the headwinds, Kumar said that since the market is down due to factors such as the war, global risk-off in financial assets, and monetary tightening the share prices have been dipping continuously. He …

LIC Shareholders: LIC Stock Rises 2% Today Ending 10-Day Losing Run; Sell or Hold Now?
2 years, 6 months ago

LIC Shareholders: LIC Stock Rises 2% Today Ending 10-Day Losing Run; Sell or Hold Now?

News 18  

LIC Shares Gain: Life Insurance Corporation shares snapped their losing streak after 10-days on Tuesday after they rose 2 per cent on the back of higher volumes. LIC share price today opened with a downside gap but soon started ascending and went on to hit intraday high of Rs 684 levels, logging more than 1 per cent rise from its …

LIC Shares Fall Below Rs 700 As Anchor Lock-In Ends; Lose Rs 1.2 Lakh Cr M-Cap Since Listing
2 years, 6 months ago

LIC Shares Fall Below Rs 700 As Anchor Lock-In Ends; Lose Rs 1.2 Lakh Cr M-Cap Since Listing

News 18  

LIC Share Price on Monday: Shares of Life Insurance Corporation of India hit a fresh record low of Rs 682 on the BSE in opening deals as the 30-day lock-in period for anchor investors ends today. Arijit Malakar, head of research – Retail, Ashika Group, said: “LIC share price is under pressure as the regulatory anchor book investors lock-in period …

LIC Share Price Drop: Govt Concerned as LIC Share Price Falls, Calls it 'Temporary Blip'
2 years, 6 months ago

LIC Share Price Drop: Govt Concerned as LIC Share Price Falls, Calls it 'Temporary Blip'

News 18  

New Delhi: The government on Friday said it is “concerned” about the temporary blip in LIC scrip and the insurer’s management will look into these aspects and raise shareholders’ value. The government had fixed the issue price of LIC shares at Rs 949 apiece after a successful Initial Public Offering which was over-subscribed nearly 3 times. LIC management will look …

LIC Share Drops to New Low Today, M-Cap Slips Near Rs 4.5 Lakh Cr; Buy, Sell or Hold?
2 years, 6 months ago

LIC Share Drops to New Low Today, M-Cap Slips Near Rs 4.5 Lakh Cr; Buy, Sell or Hold?

News 18  

LIC Share Price on Friday: Life Insurance Corporation shares hit a fresh low on Friday as the regulatory lock-in period on shares allotted ended. LIC’s market cap has fallen to Rs 4.52 lakh crore compared with Rs 6 lakh crore at the upper end of price band of Rs 949 apiece at the time of listing. As many as 99 …

LIC Shares Hit All-Time Low, Investors Lose Rs 1.4 Lakh Crore Since Listing; What Next?
2 years, 6 months ago

LIC Shares Hit All-Time Low, Investors Lose Rs 1.4 Lakh Crore Since Listing; What Next?

News 18  

LIC Shares: LIC slides to a new all-time low for the ninth straight day on Thursday, hitting a fresh low of Rs 731.10 apiece on BSE. The journey of LIC on Dalal Street has been a painful one for investors so far as the stock has wiped out more than Rs 1.4 lakh crore of wealth. Manoj Dalmia, founder and …

LIC Share Price Drops Further Today to New All-Time Low, What LIC Investors Must Know
2 years, 6 months ago

LIC Share Price Drops Further Today to New All-Time Low, What LIC Investors Must Know

News 18  

LIC Share Price Drops: Shares of Life Insurance Corporation of India plunged on Tuesday for the seventh straight session. The LIC share price on BSE fell 2.36 per cent or 18.35 points to Rs 759.05. Ravi Singh-vice president and head of research-ShareIndia, said: “LIC share price is witnessing heavy selling pressure due to fresh shorts and long coverings. It’s advisable …

LIC share price plunges: Check market cap of insurance behemoth
2 years, 6 months ago

LIC share price plunges: Check market cap of insurance behemoth

India Today  

Shares of Life Insurance Corporation of India plunged on Tuesday. The LIC share price on BSE fell 2.36 per cent or 18.35 points to Rs 759.05. LIC's share price fell further to around Rs 759 today as the loss mounted to Rs 190, according to data on BSE India. LIC MARKET CAP LIC has a market cap of Rs 4,80,098.95 …

LIC Share Price Drops to a New Low, M-Cap Below Rs 5 Lakh Crore; Know Why
2 years, 6 months ago

LIC Share Price Drops to a New Low, M-Cap Below Rs 5 Lakh Crore; Know Why

News 18  

LIC Share Price Today: Shares of Life Insurance Corporation of India, fell for the fifth continuous session. With today’s fall, LIC has slumped 17 per cent below its issue price of Rs 949 per share in a week. Last week, brokerage firm Emkay Global Financial Services initiated coverage on LIC with a ‘hold’ rating and a target price of Rs …

LIC announces its first dividend; Q4 profit drops 17 per cent
2 years, 6 months ago

LIC announces its first dividend; Q4 profit drops 17 per cent

India TV News  

Highlights LIC will pay a dividend of Rs 1.50 per equity share LIC posted a 17% decline in consolidated net profit to Rs 2,409 cr for Q4 This is the first-ever quarterly result of LIC after being listed on bourses earlier this month LIC Share Price, LIC Dividend Announced: Life Insurance Corporation has announced a dividend of 15 per cent, …

LIC IPO: Investors may get shares dividend, hints insurer
2 years, 6 months ago

LIC IPO: Investors may get shares dividend, hints insurer

India Today  

Life Insurance Corporation of India will hold a meeting of its board of directors to consider and approve payment of dividends, if any, the insurance behemoth said in a BSE-filing. The country's largest insurer made a lacklustre debut on stock exchanges, listing at over 8 per cent discount after a successful initial public offering which fetched Rs 20,557 crore for …

LIC Share Today: Should New Investors Buy LIC Share on Dip Now After Tepid Listing?
2 years, 7 months ago

LIC Share Today: Should New Investors Buy LIC Share on Dip Now After Tepid Listing?

News 18  

Disappointing thousands of investors, the share of Life Insurance Corporation of India made a lackluster debut on the stock market. LIC is trading at a P/EV of 1.08x which is at a significant discount to other listed private life insurance companies like HDFC Life, ICICI Prudential Life, and SBI Life Insurance, explained Yash Gupta — equity research analyst, Angel One …

LIC Listing Highlights: Shares Lists at Discount; Weak LIC Listing Due to Unpredictable Market Conditions, Says DIPAM Secy
2 years, 7 months ago

LIC Listing Highlights: Shares Lists at Discount; Weak LIC Listing Due to Unpredictable Market Conditions, Says DIPAM Secy

News 18  

Life Insurance Corporation of India shares made a tepid debut on the stock exchanges on Tuesday, May 17, listing at a discount to the IPO price. LIC shares started trading at Rs 865 apiece, down 8.65 per cent from its IPO price of Rs 949 on BSE. LIC IPO opened for subscription from May 4-9 with a price band of …

LIC share price falls on debut | What policyholders, investors can do now
2 years, 7 months ago

LIC share price falls on debut | What policyholders, investors can do now

India Today  

Shares of Life Insurance Corporation of India fell nearly 8 per cent on their stock market debut on Tuesday despite the country's largest ever IPO being oversubscribed at the top of the price range. LIC SHARE PRICE TODAY LIC's shares closed at Rs 875.45 on the BSE, down by 7.75 per cent or Rs 73.55 from the issue price. LIC …

LIC sees muted debut in stock market, lists at over 8% discount
2 years, 7 months ago

LIC sees muted debut in stock market, lists at over 8% discount

Firstpost  

LIC shares listed at a discount even as the benchmark BSE Sensex opened with gains later soared over 2 per cent Mumbai: The country’s largest insurer LIC on Tuesday made a lacklustre debut on stock exchanges on Tuesday, listing at over 8 per cent discount after a successful initial public offering which fetched Rs 20,557 crore to the exchequer. LIC …

LIC IPO listing: Why shares made lackluster debut on stock market?
2 years, 7 months ago

LIC IPO listing: Why shares made lackluster debut on stock market?

India Today  

LIC's shares on Tuesday made a disappointing debut on the stock market even after its initial public offering had become India's largest initial share sale till date. LIC SHARE PRICE LIC had fixed the issue price of its shares at Rs 949 apiece after a successful initial public offering, which fetched Rs 20,557 crore for the government. LIC had last …

LIC Becomes Fifth-Largest Company With Rs 5.53 Lakh Crore M-Cap Even At Discount Listing
2 years, 7 months ago

LIC Becomes Fifth-Largest Company With Rs 5.53 Lakh Crore M-Cap Even At Discount Listing

News 18  

As Life Insurance Corporation saw its debut listing at discount on stock markets on Tuesday, its market capitalisation has fallen by about Rs 47,000 crore to Rs 5.53 lakh crore as compared with the valuation of over Rs 6 lakh crore at its issue price. The company’s shares on Tuesday closed Rs 73.55, or 7.75 per cent, lower to Rs …

LIC Share Lists at Discount: Buy, Sell or Hold, What Should LIC Investors, Policyholders Do?
2 years, 7 months ago

LIC Share Lists at Discount: Buy, Sell or Hold, What Should LIC Investors, Policyholders Do?

News 18  

Life Insurance Corporation of India shares made a lacklustre debut on the stock exchanges on Tuesday, listing at discount to the IPO price. We were expecting listing gains due to discounted valuations of LIC compared to private life insurance player,” he added. “Investors could hold the shares post listing for long term gains rather than have knee-jerk reaction due to …

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