17 May 2022, 17:57 PM
Though the government had brought down the LIC IPO issue size from 5 per cent to 3.5 per cent, to Rs 21,000 crore, it was a landmark public issue in the history of the Indian capital market and India`s biggest IPO till date. The IPO valued LIC at Rs 6 lakh crore.
17 May 2022, 17:39 PM
Girirajan Murugan, CEO of FundsIndia says, "LIC is a long-term play in the Insurance sector and investors should not look at listing gains alone. Any opportunity to add into LIC at a price lower than the IPO price should be used to invest more for the long term. There may be a bit of retail selling today due to the current sentiments in the overall market, but the long term fundamentals of LIC remain intact.
Once the dust settles on the market due to the ongoing issues related to Ukraine- Russia war and the worries on the Inflation front, stocks in the Insurance sector along with other beaten down stocks in the Banking/ NBFC space should see good momentum."
17 May 2022, 17:03 PM
LIC with m-cap of Rs 5.54 lakh cr is fifth most valued Indian company
17 May 2022, 17:03 PM
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).
17 May 2022, 17:02 PM
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.
17 May 2022, 17:02 PM
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.
17 May 2022, 15:10 PM
"Trading Members of the Exchange are hereby informed that effective from May 17, 2022, the equity shares of Life Insurance Corporation of India (Scrip Code: 543526) are listed and admitted to dealings on the Exchange in the list of ``A`` Group Securities," LIC said in a regulatory filing.’
17 May 2022, 15:09 PM
LIC has been listed on the stock exchanges as "A" Group securities.
17 May 2022, 15:09 PM
At the issue price of Rs 949, the market capitalisation of Life Insurance Corporation (LIC) of India stood at Rs 6,00,242 crore. At the listing price, the market capitalisation of LIC dipped to Rs 5,57,675 crore, resulting in a loss of around Rs 42,500 crore in the company`s market capitalisation.
17 May 2022, 11:45 AM
At 11.12 am, the scrip was trading at Rs 881.75 at the BSE. The share rose to a high of Rs 920 in the morning trade.
17 May 2022, 10:27 AM
The LIC IPO -- India's largest to date -- closed with nearly 3 times subscription, predominantly lapped up by retail and institutional buyers, but foreign investor participation remained muted.
17 May 2022, 10:26 AM
The shares got listed on the BSE and NSE on Tuesday at a discount of Rs 81.80 and Rs 77 apiece, respectively, over its issue price of Rs 949 a share.
17 May 2022, 10:26 AM
On the BSE, the shares got listed at Rs 867.20 apiece, down 8.62 per cent over the issue price of Rs 949 a share. 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 to the government.
17 May 2022, 10:12 AM
Shri Mangalam Ramasubramanian Kumar, Chairperson, @LICIndiaForever and Shri Tuhin Kanta Pandey, Secretary @SecyDIPAM along with Shri @ashishchauhan, MD&CEO, @BSEIndia and others ringing the opening bell to mark the Listing of Life Insurance Corporation of India on 17th May, 2022 pic.twitter.com/wWNYVbaCIm
— BSE India (@BSEIndia) May 17, 2022
17 May 2022, 09:58 AM
LIC lists at 8.11 percent discount at Rs 872 per share on NSE over issue price of Rs 949, Stock exchange data showed
17 May 2022, 09:57 AM
Shri @ashishchauhan, MD&CEO, @BSEIndia presenting a memento to Shri Tuhin Kanta Pandey, Secretary @SecyDIPAM at the Listing Ceremony of Life Insurance Corporation of India on 17th May, 2022 at #BSE #LICIPO pic.twitter.com/Qkm87NFjG2
— BSE India (@BSEIndia) May 17, 2022
17 May 2022, 09:51 AM
Listing Ceremony of Life Insurance Corporation of India begins with auspicious Lamp Lighting
17 May 2022, 09:36 AM
This is a momentous event. LIC IPO is in line with the PM's vision. India is one of the most important emerging markets and it will be one of the fastest-growing economies in this decade: Tuhin Kanta Pandey, Secretary, Department of Investment and Public Asset Management, at BSE
17 May 2022, 09:36 AM
Rupee falls 14 paise to 77.69 against US dollar in early trade.
17 May 2022, 09:26 AM
Sensex rallies 362.9 points to 53,336.74 in early trade. Nifty climbs 122.25 points to 15,964.55.
17 May 2022, 09:22 AM
Shares of Life Insurance Corporation of India traded at 12 percent discount in pre-opening
17 May 2022, 09:22 AM
Mumbai | LIC shares lists on the Bombay Stock Exchange (BSE) today pic.twitter.com/33UTPq8ZZa
— ANI (@ANI) May 17, 2022
17 May 2022, 09:06 AM
LIC share will be listed on BSE and NSE at 10 am today
17 May 2022, 07:36 AM
"Even if the shares list flat on Tuesday, retail investors will still be able to make gains due to the discount that was offered so I don`t see it as a bad bet as valuations are also attractive," Narendra Solanki, fundamental research head at domestic brokerage Anand Rathi, told Reuters.
17 May 2022, 07:35 AM
LIC listing was scheduled for March this year, however it had to be deferred as market conditions were not favourable in the wake of the Ukraine conflict.
17 May 2022, 07:31 AM
Volatility in global markets and selling pressure in the domestic stock market are likely to cast a shadow on LIC`s listing, with the shares likely to start trading near the IPO price or at a slight discount, says a reuters report
