Page 16 - Life Insurance Corporation

LIC listing: After discounted debut, Macquarie sets Rs 1,000 as target

LIC listing: The debut was below expectations, and also lower than the discounted value at which shares were offered to policyholders (Rs 60 per share) and retail investors (Rs 45 per share)

Disappointing debut

LIC's discounted valuation didn't help

LIC debut is 2nd worst among 11 global firms that raised over $1 bn in 2022

The poor listing is set to disappoint millions of small-time investors who bid enthusiastically for the issue because of their long and emotional association with the insurer and its products

'Accumulate LIC stock for long term': Analysts on firm's lacklustre debut

Shares of much-anticipated Life Insurance Corporation of India (LIC) made a weak listing on the stock exchanges on Tuesday.

LIC IPO: How India's biggest public offering ended in a downbeat debut

NEW DELHI (Reuters) -Shares in Life Insurance Corp of India (LIC) dropped 7.8% on their market debut on Tuesday after India's biggest initial public offering (IPO) was dogged for weeks by worries about an ailing global economy.

LIC, with m-cap of Rs 5.54 trn, is fifth most valued Indian company

The country's largest insurer LIC is the fifth most valuable company in the country with a market capitalisation of about Rs 5.54 lakh crore. Life Insurance Corporation (LIC) made a tepid stock market debut on Tuesday following a mega IPO which fetched Rs 20,557 crore to the exchequer. The shares listed on stock exchanges at over 8 per cent discount over its issue price of Rs 949 apiece. Shares of LIC closed at Rs 875.45, down Rs 73.55 or 7.75 per cent over the issue price, on the BSE. At this price, LIC is valued at nearly Rs 5.54 lakh crore. The market capitalisation of LIC is higher than that of HUL (Rs 5.27 lakh crore), ICICI Bank (Rs 4.94 lakh crore), SBI (Rs 4.17 lakh crore) and HDFC (Rs 3.97 lakh crore), as per the BSE data. Reliance Industries is the most valued company with a market capitalisation of Rs 17.12 lakh crore, followed by Tata Consultancy Services (Rs 12.67 lakh crore), HDFC Bank (Rs 7.29 lakh crore) and Infosys (Rs 6.38 lakh crore). Market capitalisation is th

Investors should hold on to stock for long term: DIPAM Secy on LIC listing

'Nobody can predict the market. We have been saying that it should not be held for a particular day but for more than a day,' Tuhin Kanta Pandey told reporters after the listing of LIC shares

Long runway for growth in the insurance sector, say analysts

Insurance stocks underperformed the frontline indices on Tuesday following a faded listing of state-run giant Life Insurance Corporation.

Snippet from LIC history: A minister, a son-in-law & a financial adventurer

The scandal involved the finance ministry and a canny industrialist, and details were eventually brought into the limelight by Jawaharlal Nehru's crusading son-in-law

LIC set for lacklustre market debut despite oversubscription: Analysts

Volatility in global markets and selling pressure in the domestic stock market are likely to cast a shadow on LIC's listing

LIC listing today to India getting new warships: Here're top news on May 17

From Rajnath Singh launching frontline warships to Indian embassy in Kyviv reopening, here are the top five developments for May 17

LIC stock may be held for long term if there's no listing gain: Experts

"If you hold on to this stock for more than three years, you are likely to earn decent returns," says Vikas Gupta, founder and chief executive officer, OmniScience Capital on LIC being listed today

Faith of millions of Indian small investors put to test with LIC debut

The 65-year-old firm has almost $500 billion in assets, 250 million policy holders and makes up almost two-thirds of the market.

LIC IPO issue price set at Rs 949; may get listed on Tuesday: Report

The LIC IPO sold in the range of Rs 902-949 from May 4 to May 9

LIC IPO: Govt raises Rs 20,560 crore as firm sets issue price at Rs 949

Life Insurance Corporation of India shares have been priced at 949 rupees each, the state-run firm said in a prospectus filed Friday

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

Individual investors are still expected to make gains

LIC IPO scheduled for allotment on May 12: Here's how to check it online

LIC IPO saw 2.95 times more demand than the shares on offer on the final day of bidding

Small investors push LIC IPO over the line; FPIs invest less than Rs 4k cr

Move to have a separate quota for policyholders proves a game-changer, say experts

Life insurers' new business premiums zooms 84% in April, thanks to LIC

In April, the industry earned NBP to the tune of Rs 17,939 crore, compared with Rs 9,739 crore in the year-ago period

IDBI Bank board approves appointment of T N Manoharan as part-time chairman

The bank also announced that M R Kumar has ceased to be the non-executive non-whole time chairman of the bank with effect from May 8, 2022, after completion of the RBI approved term of three years