LIC) share price

LIC share price, LIC IPO listing Live Updates: The initial public offering (IPO) of Life Insurance Corporation (LIC) closed on May 9 and shares were ...

The issue price of LIC was fixed at Rs 949 apiece for allotment to investors. All policyholders and retail investors got the shares at a price of Rs 889 and Rs 904 apiece, respectively, after taking into account the discount offered. On the National Stock Exchange (NSE), it opened 8.11 per cent lower at Rs 872.00 per share.

) made a tepid debut on Dalal Street as the state-run insurer listed at Rs 867.2 on BSE, a discount of 8.62 per cent over its issue price of Rs 949. On the ...

On both BSE and NSE. the scrip opened at a 6.8 per cent discount to the issue price of Rs 912. The company sold its shares in the range of Rs 902-949 apiece. The scrip opened at Rs 547.80 on BSE, up 21.73 per cent against the issue price of Rs 450. The issue got listed on November 4, 2010, at Rs 291 on NSE, up 18.77 per cent over its issue price of Rs 245. The scrip had a rather tepid listing, as it debuted at Rs 1,950 apiece on NSE, a 9.3 per cent discount to its issue price of Rs 2,150. The issue ran from October 11 to October 13 that year and was sold in Rs 855-Rs 912 price band. It, however, settled below the issue price at Rs 372.50 apiece. On BSE, the scrip debuted at Rs 287.75, up 17.44 per cent. As things stand, the stock trades at 72.48 per cent lower than its issue price of Rs 2,150. Ahead of the listing, foreign brokerage Macquarie initiated coverage on LIC with a 'neutral' rating and a target of Rs 1,000 per share. On the National Stock Exchange (NSE), the counter listed at a discount of 8.11 per cent. Here's what happened to the five biggest IPOs of the past:

LIC IPO listing: Shares of LIC began trading on the stock exchanges today after having garnered strong response from investors earlier this month.

Considering the listing price of Rs 872 per share, policyholders, retail investors, and employees of LIC are not staring at large losses. “We advised investors should hold on to the shares if listed at discount and accumulate more as the Mcap/EV ratio of 1.1x will be attractive more than what it was in the primary market and it may also attract new participants after listing cheaper,” they added. Taking the same into account the break-even price for retail investors and employees of LIC stood at Rs 904 per share, 5% lower than the issue price. Meanwhile, policyholders of LIC were given a Rs 60 per share discount, leading to a break-even price of Rs 889 per share. Life Insurance Corporation of India (LIC) shares made a tepid debut on the stock exchanges today, listing at a discount to the IPO price. On listing, LIC had a market capitalisation of Rs 5.5 lakh crore, placing it among the top 5 listed companies in the country by market capitalisation.

At 11:18 AM, the stock was trading at Rs 883.00, down Rs 66.00, or 6.95 percent. It has touched an intraday high of Rs 920 and an intraday low of Rs 860.10.

However, the prospects for the insurance industry in India are good due to the under penetration of insurance and a long runway of growth; hence LIC being the largest player will be the beneficiary in the long term. Another point to note has that, LIC didn’t pay any dividends in the last financial year, so there are high chances that the company might declare a good dividend this year, thus making it a good dividend play. New investors can take advantage of the dips to accumulate this share for the long term. New investors can take advantage of the dips to accumulate this share for the long term. We believe that personal savings and awareness regarding insurance will increase enabling the sector to outperform in the long run and will indirectly benefit LIC as it is the market leader in this sector. We believe India’s highly underpenetrated life insurance space is still at a nascent stage and is attractively positioned to capture the huge growth opportunity.

Shares in Life Insurance Corp of India (LIC) slid nearly 8% in its market debut on Tuesday, a fresh setback for the state-owned giant as its record-breaking ...

Policyholders were given a discount of 60 rupees per share. Macquarie Research's Suresh Ganapathy said LIC will find it challenging to shift into higher margin policies as rivals have an established presence in that segment. "LIC has also been losing market share to private insurers so investors will be cautious. Initial government estimates had valued LIC at around 17 trillion rupees. Register now for FREE unlimited access to Reuters.com Register now for FREE unlimited access to Reuters.com

Shares in Life Insurance Corporation dropped more than 8 per cent on their stock exchange debut on Tuesday, as India's biggest initial public offering ...

As against the issue price of Rs 949, shares of LIC were listed at Rs 872, a discount of Rs 81.80 apiece, on the BSE.

Its sustained market leadership position, robust pan-India distribution network, and shifting focus towards profitable products, thus supporting margins and improving persistency ratios, will collectively make LIC an attractive pick from a long-term perspective," Gopkumar was quoted as saying by PTI. LIC Chairman M R Kumar said: "It (stock price) will pick up as we go along. On the NSE, LIC's share price closed at Rs 873.00. As against the issue price of Rs 949, shares of LIC were listed at Rs 872, a discount of Rs 81.80 apiece, on the BSE. The stock listed at Rs 867.20, showing a discount of Rs 77 apiece, on the NSE. LIC policyholders and retail investors got the shares at a price of Rs 889 and Rs 904 apiece, respectively, after taking into account the discount offered. Shares of Life Insurance Corporation of India (LIC) 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.