Page 6 - Life Insurance Corporation Of India Lic

Down nearly 8% at closing bell, LIC adds to poor listing scorecard of PSUs

Most large floats by the government have failed to create long-term wealth for investors

LIC lists at 8.6% discount, stock recovers partially post weak debut

LIC has now become the fifth most valuable listed Indian company with a market capitalisation of Rs 5.72 trillion on the BSE as of 10:08 am, the exchange data shows.

LIC may list at a discount to issue price if grey market is an indicator

Stock could list anywhere between Rs 900 and Rs 940, says market player, citing weak institutional investor demand during LIC's Rs 20,577-crore maiden share sale

Nearly a million LIC IPO applications could be rejected due to glitches

The actual number of valid applications will be formally announced by LIC ahead of its listing

In the grey market LIC shares slip below their issue price ahead of listing

Individual investors are still expected to make gains

Foreign investors step up bids for LIC IPO in last hour before closing

With just hours to go until end of the subscription period for the $2.7 billion initial public offering of LIC, foreign institutional funds have put in orders for merely 8% of the shares

LIC IPO subscribed 1.8x a day ahead of close, big push from policyholders

The policyholder quota was subscribed over 5 times, employee portion 3.8 times and retail individual investor quota 1.6 times.

LIC IPO subscribed 1.4 times on day 3 on interest by policyholders, staff

The policyholder quota was subscribed 4 times, employee portion 3.1 times and retail individual investor quota 1.23 times

LIC's record IPO set to be fully subscribed as valuation drives demand

By Thursday, the second day of the offering, investors had already put in orders for 90% of the shares for sale in India's biggest IPO.

LIC listing to result in increased transparency of its operations: Moody's

"We see the arrival of external shareholders with experience of the insurance industry as a further key benefit of the IPO," Moody's said.

71% of LIC anchor allotment of 59.3 mn shares made to domestic MFs

Insurer raises Rs 5,627 cr in anchor book but overseas investors disappoint

Valuation, market share: Why investors should opt for LIC's scaled-down IPO

The insurer has growth potential, underestimated embedded value and the government sell its stake in the company again

GIC Pte, ADIA and Norway Sovereign Wealth Fund to invest in LIC IPO

Norges Bank Investment Management, GIC Pte and Abu Dhabi Investment Authority will be among the anchor names due to be announced Monday, the people said, asking not to be identified

Is the government undervaluing LIC for its IPO?

LIC's much-awaited IPO is finally opening on May 4. But its current valuation is Rs 6 lakh cr, less than half of the expected value of Rs 13 lakh cr. Is the govt undervaluing the state-run behemoth?

Govt plans to raise nearly Rs 30,000 crore through mega LIC IPO

The Indian government has pegged LIC's valuation at around Rs 6 trillion, according to the sources

Top headlines: LIC may have to be revalued, Russia-Ukraine to hold talks

RBI has publicly expressed strong reservations against permitting cryptocurrencies

Govt may postpone LIC IPO to next fiscal amid Ukraine crisis: Experts

Government may defer the mega initial public offering (IPO) of LIC to next fiscal year as the ongoing Ukraine war has dampened fund managers' interest in public issue, market experts said on Sunday

What is red herring prospectus?

Markets are awaiting the IPO of Life Insurance Corporation of India. Even before it hits the primary market, LIC filed a draft red herring prospectus (DRHP) with the SEBI. Find out more about this doc

LIC wants to remain IDBI Bank shareholder for bancassurance gain: Chairman

Bancassurance is an arrangement between a bank and an insurance company allowing the latter to sell its products to the bank's customers and others through the branch network

LIC IPO: How the embedded value of the insurance behemoth was calculated

Shareholders get more say on how LIC treats its profit and policyholder's interest