LIC hits fresh record low; falls 32% below issue price
LIC shares have eroded investors’ wealth by ₹1.9 lakh crore as m-cap fell to ₹4.1 lakh crore as compared to the valuation of around ₹6 lakh crore during the listing.
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February 2022
LIC shares hit fresh low; down 24% from issue price
LIC shares have wiped out ₹1.4 lakh crore of investors’ wealth as market-cap dropped to ₹4.57 lakh crore as compared to around ₹6 lakh crore at the time of listing.
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.
LIC IPO to list on BSE, NSE today; key things to know
LIC shares traded at a discount of ₹16-₹19 in the grey market on Monday, indicating that the stock may have muted or soft opening on the domestic bourses.
LIC IPO: Grey market premium indicates listing gains for investors
The insurance major saw its grey market premium (GMP) rise 80% on April 28, a day after the IPO was announced.
IPO quota for LIC policyholders opens up a Pandora's Box
Can you allow a policyholder of LIC to get up to 10% quota in an IPO but deny the same to a policyholder of a private insurance company or a depositor of a bank or a telco subscriber?
