Tata Tech IPO breaks records! Issue subscribed 69 times; receives highest-ever applications
Public issue of Tata Motors' engineering arm receives records of 73.5 lakh applications; subscribed the most at 203.41 times under the QIB quota
lic ipo
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Is Indian IPO market losing steam?
In the calendar year 2022 (till August), 51 companies raised ₹38,155 crore through IPO as compared to the issue size of ₹64,768 crore during the same period of last year.
LIC ups stake in Hero MotoCorp, CAPRI, HUL
State-owned insurer LIC’s stake in Hero has increased to 11.2%, while in CAPRI and HUL, its shareholding rose to 7.05% and 5%, respectively.
Jittery anchor investors crucial link to LIC share price crash
Every LIC IPO subscriber holding on to its shares is making a loss of ₹280.75 per share as on June 13, 2022, which is likely to increase as more of anchor investor shares flood the market.
The Brief: More Downside In Store For LIC Stock?
The dismal market debut shows the country’s largest life insurer is yet to prove its mettle before investors.
LIC to consider dividend at Q4 financial results on May 30
In the previous quarter, LIC recorded ₹234.9 crore profit as compared to ₹90 lakh profit during the same quarter a year earlier. Its first-year premium was ₹8,748.55 crore.
Bogus applications swamped LIC IPO
Over 12 lakh ‘not banked’ applications show either the brokers knowingly uploaded bogus applications on the exchanges’ systems or 12 lakh, who applied for LIC IPO, lost interest in it subsequently.
LIC listing: Stock fall 8% after historic IPO; investors lose ₹46,000 cr
LIC shares ended at ₹875.45 compared with the IPO price of ₹949, eroding around ₹46,000 crore in investor wealth.
LIC becomes 5th largest listed firm in m-cap; bigger than top 5 insurers
At the current share price, LIC's m-cap is higher than the industry giants like Hindustan Unilever (₹5.3 lakh crore) and ICICI Bank (₹4.9 lakh crore).
LIC share makes weak debut; lists at 9% discount
LIC shares opened at ₹867.20 on the BSE, down 8.6% from the upper end of the IPO price band of ₹902 to ₹949 per share.
