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:

Shares of LIC (Life Insurance Corporation of India) have got their first rating on Dalal Street as Macquarie analysts initiated coverage of the stock with a ...

“Any investor who is taking an exposure to LIC stock is indirectly taking an exposure to equity markets and the inherent volatility that comes with it,” the report added. Inability to scale up non-par book, Par-book growth getting affected due to lower bonuses, Regular selling from the government can create an overhang, and a sharp fall in equity markets are some of the risks associated with the stock. They added that LIC’s September-2021 EV consists of almost 70% of equity MTM gains and hence sensitivity of EV to equity-market corrections is far higher than private-sector peers.

Insurance is a business of scale, and there is no company to match the scale of LIC, Santosh Meena, Head of Research, Swastika Investmart, said ​​suggesting ...

"New investors can take advantage of the dips to accumulate this share for the long term." Here's what happened to the five biggest IPOs of the past: "This is a solid opportunity for investors who want to make a fresh entry in the counter or add more shares if they have an investment horizon of more than one year," he added.

"We are expecting a soft listing of LIC IPO as we have seen good corrections in the market in the last 15-20 days due to global as well as domestic issues, ...

said Geetanjali Kedia, senior research analyst at SPTulsian.com, which had recommended subscribing to the IPO because of LIC's size, sovereign guarantee on its policies and issue pricing. Short-term investors should wait for some time, let the price of the stock settle," he said. stockmarket debut on Tuesday as uncertain investor sentiment could restrict the opening day gain that some of the previous listings have seen.

LIC dominates India's insurance sector. The 66-year-old company was the fifth-biggest global insurer in terms of insurance premium collection in 2020.

LIC had last month reduced its IPO size to 3.5 per cent from 5 per cent decided earlier due to the prevailing choppy market conditions. 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. The Indian IPO market, which saw growth in 2021, has had a significant slowdown this year. The 66-year-old company was the fifth-biggest global insurer in terms of insurance premium collection in 2020. Volatility in global markets and selling pressure in the domestic stock market cast a shadow on LIC's listing. LIC dominates India's insurance sector.

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

Experts believe that personal savings and awareness regarding insurance will increase, enabling the sector to outperform in the long run and will indirectly ...

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Retail investors and LIC employees also showed some interest but the issue failed to enthuse qualified institutional and non-institutional investors. The largest insurance provider in the private sector, SBI Life Insurance Company Ltd, though opened on a flat note with a marginal loss, traded with a gain of 1.2 percent or Rs 12.55 at Rs 1,057.2, while the third-largest life insurer ICICI Prudential Life Insurance Company Ltd was down Rs 4.55 or 0.91 percent at Rs 495.75 after opening flat in the morning. All the sectoral indices on the National Stock Exchange were trading in green, depicting the strength and depth of the market for the day. After listing at Rs 872 a share, the stock slid further down to Rs 860, before making a small recovery to reach Rs 918.95, which was the day’s high till 11.30am and the stock traded at Rs 887.5, down Rs 61.5 or 6.5 percent from its issue price.

The stock ended the first day of trading at Rs 872.70, down Rs 76.30, or 8.04 percent. It has touched an intraday high of Rs 920.00 and an intraday low of ...

MUMBAI: Shares in Life Insurance Corp of India (LIC) slid 6 per cent in their market debut on Tuesday (May 17), a fresh setback for the state-owned giant ...

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 dominates India's insurance sector with more than 280 million policies. Initial government estimates had valued LIC at around 17 trillion rupees.

As per the information available on the BSE website, LIC IPO listing date is 17th May 2022. The BSE notice informs that 'the equity shares of Life Insurance ...

Nevertheless, investors must be aware that the business of insurance is long-term in nature; therefore we recommend investors to stay with the company for the long term even if the company lists at a discount. The Swastika Investmart expert went on to add that the LIC is synonymous with insurance in India and enjoys a huge competitive advantage in terms of brand value and huge network of agents. The Indian IPO market, which saw dizzying growth in 2021, has had a significant slowdown this year. Speaking on LIC IPO share price opening, Ravi Singhal, Vice Chairman at GCL Securities said, "LIC IPO may have a soft opening today and may not be able to open in four digit. Due to increased inflation statistics, FII outflows, currency weakness, geopolitical and rate hike-related worries, present markets are experiencing extraordinary volatility, this has caused sell-offs in equity markets all over the world." The BSE notice informs that 'the equity shares of Life Insurance Corporation of India shall be listed and admitted to dealings on the Exchange in the list of 'A' Group of Securities' in a Special Pre-open Session (SPOS).

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.

India Business News: NEW DELHI: After much deliberations about Life Insurance Corporation's (LIC) market debut since the past 2 years, the stock finally ...

The stock now trades at a price of Rs 717. LIC had offered the shares at a discount of Rs 60 to its eligible policyholders, while a discount of Rs 45 was offered to employees and retail investors. Brokerage Macquarie has initiated coverage on the stock with a 'neutral' rating. There are also stocks which opened below the issue price but rose because of the inherent value in the company and a clear path to profitability. A good example of this is L&T Infotech which was listed in July 2016 at a price of Rs 698, 2% below the issue price of Rs 710. LIC listed at Rs 872 apiece, compared to the issue price of Rs 949. 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 said. LIC Chairman M R Kumar said: "It (stock price) will pick up as we go along. The stock is now delisted. With inflation numbers through the roof and the Reserve Bank of India (RBI) looking hike interest rates, markets are experiencing extraordinary volatility. Specifically, for small investors, IPOs are a good medium to invest. Even so, market experts and analysts sound optimistic about the stock, given its strong fundamentals.

LIC share price is likely to drift lower to catch up with its fundamental value. How long does it take will depend upon whether free market operates or some ...

A profit of Rs 3,500 crore amounts to an EPS of Rs 5.54 per share. At a PE ratio of 90, LIC’s share price would have had to be only about Rs 400 per share. LIC share price is likely to drift lower to catch up with its fundamental value. The Price-to-Earning (PE) ratio, the most trusted conventional measurement of value, for LIC earning Rs 4.47 per share, works out to 212.3 per share for price of Rs 949. In 2021-22, it earned Rs 1,672 crore of profits in first nine months. Even if 100 percent profits are distributed to shareholders, they will get an investment yield of only about 58 paise per share — which is hugely disappointing for any investor. The embedded value, a complex method based on various assumptions about future, equals the present value of future profits together with market value of net assets. At this price, all investors — including policy holders, employees, and retail investors who got shares at a discount of Rs 40-60 per share — lost money. It reached a high of almost Rs 919 per share. LIC’s DHRP disclosed its EPS averaged Rs 4.47 in three preceding years. LIC’s paid up equity capital is Rs 6,325 crore. There was not much enthusiasm for LIC’s offering.