Lic listing price

LIC Share Price, LIC Share Listing, LIC IPO Listing: Insurance giant Life Insurance Corporation's (LIC) share made a weak stock market debut on Tuesday with its shares listing at Rs 872 in the pre-opening session on the NSE. The stock was listed at Rs 867.20 on the BSE in the pre-opening session at 9:45 AM. At 10:05 AM, the insurance behemoth's shares were trading at Rs 902.45 on the NSE and Rs 901.35 on the BSE. LIC which is the country's largest insurer had fixed the issue price of LIC shares at Rs 949 apiece for allotment to investors. It witnessed a good response from domestic investors, fetching Rs 20,557 crore. The price band of the issue was Rs 902-949 a share. LIC IPO closed on May 9 and shares were allocated to bidders on May 12. LIC offered discounts to its policyholders and retail investors. While policyholders got the shares at a price of Rs 889, retail investors got at Rs 904 apiece. The LIC IPO -- India's largest to date -- closed with nearly 3 times subscription, predominately lapped up by retail and institutional buyers, but foreign investor participation remained muted. So far, the amount mobilised from the Paytm IPO in 2021 was the largest ever at Rs 18,300 crore, followed by Coal India (2010) at nearly Rs 15,500 crore and Reliance Power (2008) at Rs 11,700 crore. 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.Even after the reduced size of over Rs 20,557 crore, the LI...

The initial public offering of the Life Insurance Corporation of India has commanded a 9 percent premium over its upper price band in the grey market as the Rs 21,000-crore issue opens for subscription on May 4. In fact, the traded grey market premium has increased from 5 percent, quoted last week. As per the data by IPO Watch and IPO Wala, LIC traded at a premium of Rs 85 per share in the grey market on Wednesday, against Rs 45 premium last Thursday. This translated into an expected listing premium for LIC around 10 percent over the upper price band. The price band for the offer is Rs 902-949 per share. Employees and retail investors will get shares at a discount of Rs 45 a piece to the final offer price, while the discount for policyholders is Rs 60 per share to the final IPO price. Click Here To Read All LIC IPO News The grey market is an unofficial platform, which generally tracks for expected listing price of the company. The trading in grey market starts with the announcement of price band or IPO opening date, and continues till the listing of shares on the bourses. LIC launched a public issue of 221.37 million equity shares on Wednesday, representing a 3.5 percent stake, which is entirely an offer for sale by the government. The company already mopped up more than Rs 5,000 crore through its anchor book on May 2, of which Rs 4,000 crore has been invested by 15 domestic mutual funds through 99 schemes. All analysts advised subscribing to the offer, citing the underpen...

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• LIC shares closed almost flat at Rs 876.25 per share after ending at Rs 875.45 on the BSE.The state-owned insurance giant LIC's shares closed nearly 8 per cent from its allotment price of Rs. 949 on its market debut on Tuesday. • • The tepid listing alsoresulted in a sharp drop in the market capitalisation (m-cap) of the country's largest insurer. • At the issue price of Rs 949, the m-cap of LIC stood at Rs 6,00,242 crore. At the listing price, the valuation of LIC dipped to Rs 5,57,675 crore, resulting in a loss of around Rs 42,500 crore. • Based on its last trade price of Rs 883 per share, LIC's market valuation was Rs 5,58,497.30 crore on Wednesday. • Still, the country's largest insurer, LIC, is India's fifth most valuable company. • The insurance behemoth's shares had ended at Rs 875.45, about 7.75 per cent lower than its issue price and almost flat from its listing price. LIC's shares traded between a low of Rs 860.10 and a high of Rs 920. • LIC listed its shares at a discount of over 8 per cent on the BSE and the NSE from its offer price of 949 rupees before climbing slightly -- though it remained well below that allotment price. • The government raised nearly Rs 21,000 crore from the sale of 3.5 per cent of its stake in LIC, • The muted debut could test the patience of new shareholders as the government seeks to sell state assets to "monetise and modernise" nationalised companies and plug an estimated 16.6 trillion rupee ($213.5 billion) fiscal deficit.

Synopsis The issue by the insurance behemoth received bids for 478.3 million shares against the 162 million on sale (excluding the anchor book), exchange data showed. The issue received more than 7.3 million applications, breaking the 14-year-old record of Anil Ambani's Reliance Power share sale that drew 4.8 million applications in 2008. The issue was subscribed 2.95 times on the final day of bidding Monday, led by strong demand from retail investors, employees and policyholders of the insurer. The issue by the insurance behemoth received bids for 478.3 million shares against the 162 million on sale (excluding the anchor book), exchange data showed. The issue received more than 7.3 million applications, breaking the 14-year-old record of Anil Ambani's Reliance Power share sale that drew 4.8 million applications in 2008. LIC was the largest ever IPO in the domestic primary market as the government sold 22.13 crore shares or 3.5 per cent stake in the company, valuing it at Rs 6 lakh crore, about 1.12 times the embedded value of Rs 5.4 lakh crore. Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. • 819.90 03:59 PM | 13 Jun 2023 19.15 (2.39%) 981.50 03:57 PM | 13 Jun 2023 21.55 (2.24%) 3,262.85 03:59 PM | 13 Jun 2023 68.10 (2.13%) 2,912.50 03:57 PM | 13 Jun 2023 59.90 (2.10%) • 1,855.95 03:59 PM | 13 Jun 2023 -23.50 (-1.25%) 2,462.55 03:59 PM | 13 Jun 2023 -22.25 (-0.90%) 1,131.30 03:59 PM | 13 Jun 2023 -8.35 (-0.73%) 1,373.15 03:59 PM |...

India's biggest-ever IPO, state-owned insurance giant Life Insurance Corporation (LIC), listed its shares at a discount of over 8 per cent on the BSE and the NSE on Tuesday. On the BSE, LIC launched at Rs 867.20 per share, a discount of 8.62 per cent from its mega initial public offering (IPO) allotment price of Rs 949. The tepid listing has resulted in a sharp drop in the market capitalisation of the country's largest insurer. At the issue price of Rs 949, the market capitalisation of LIC stood at Rs 6,00,242 crore. At the listing price, the valuation of LIC dipped to Rs 5,57,675 crore, resulting in a loss of around Rs 42,500 crore. The insurance behemoth's shares were last trading at about Rs 883, nearly 7 per cent lower than its issue price, but a gain of about 2 per cent from its listing price, as of 14:15 Indian Standard Time (IST).The share rose to a high of Rs 920 in the morning trade. For LIC Listing: Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey on Tuesday said Mar Pandey speaking at the LIC's debut occasion at the BSE,said, "This is a momentous event. LIC IPO is in line with the Prime Minister's vision. India is one of the most important emerging markets and it will be one of the fastest-growing economies in this decade." "LIC Act was amended for the listing of IPO. Given the unprecedented size of the IPO special measures have been taken. Special drives were carried out to spread awareness for the policyholders. People ...

• The grey market premium of LIC IPO has come down sharply to a discount of ₹10 from ₹90 a few weeks back. • This indicates that the shares of the company might make a weak listing debuting below its higher price band of ₹949 per share. • Weak demand from foreign investors and volatile market environment has pulled down the enthusiasm around the IPO. The largest IPO in the history of the Indian stock market, state-owned Life Insurance Corporation of India (LIC) is facing the headwinds from a weak market sentiment - which has already kept foreign investors at bay. Though the issue was subscribed 2.95 times, it is yet to face another acid test as its lists on the bourses on May 17, 2022. Grey market indicates no listing gains for LIC investors Anticipating waning enthusiasm of investors after the Russia-Ukraine war, the Navaratna company has already cut its issue size. But that too could not save it from the Indian central bank’s surprise rate hike and many more global cues which weakened the equity markets. The grey market too has lost its enthusiasm for the stock. This is the unofficial market where individuals buy or sell IPO shares or applications before they are listed on the exchanges. A few days back, it was trading at a premium in the gray market since many analysts believed that the issue was well-priced. But today, it slipped to a discount of ₹10 from the higher end of the price band of ₹949. So those lucky few who had been allotted shares and hoping to make a list...

- Advertisement - LIC IPO Listing Date: LIC IPO Listing Date LIC shares will be listed on the BSE and NSE on 17 May 2022, Tuesday at 10:00 AM LIC IPO Listing Price Details BSE Listing NSE Listing Issue Price ₹ 902 – ₹ 949 ₹ 902 – ₹ 949 Listing Price ₹ 867.20 ₹ 872 High Price ₹ 920 ₹ 918.95 Low Price ₹ 860.10 ₹ 860 Close Price ₹ 875.45 ₹ 875.25 LIC IPO Listing Code BSE / NSE Symbol LICI Scrip Code 543526 ISIN No INE0J1Y01017 Notice LIC IPO Subscription Status Day Date QIB NII Retail Emp Policyholder Total Day 1 04-May-2022 0.33x 0.27x 0.60x 1.17x 1.99x 0.67x Day 2 05-May-2022 0.40x 0.47x 0.93x 2.22x 3.11x 1.03x Day 3 06-May-2022 0.56x 0.76x 1.23x 3.06x 4.01x 1.38x Day 4 07-May-2022 0.67x 1.08x 1.46x 3.54x 4.67x 1.66x Day 5 08-May-2022 0.67x 1.24x 1.59x 3.79x 5.04x 1.79x Day 6 09-May-2022 2.83x 2.91x 1.99x 4.40x 6.12x 2.95x Also Read: • • • • LIC IPO Details Description LIC IPO Details Public Issue Initial Public Issue of upto 316,249,885 Equity Shares aggregating up to ₹ 21,008.48 Cr Issue Open Date 04-May-22 Issue Close Date 09-May-22 Issue Type Book Built IPO Price Band ₹ 902 – ₹ 949 Face Value ₹ 10 Market Lot 15 Equity Shares and in multiples thereof Minimum Order Quantity 15 Equity Shares Maximum Subscription Amount for Retail Investor Rs. 2,00,000 Listing NSE, BSE NSE Symbol LICI IPO Market Timings 10.00 a.m. to 5.00 p.m. LIC IPO Listing Date – FAQs

New Delhi: The much-awaited listing of Life Insurance Corporation of India (LIC) is expected to take place on Tuesday, May 17 with experts believing that the insurance behemoth might have a flat listing. The insurance major had set its price band for the Initial Public Offer (IPO) at Rs 902 to Rs 949 per equity share. According to recent grey market patterns, the LIC`s unlisted shares were selling at Rs 936 per share on Saturday, a discount of Rs 13 to the IPO price band`s upper range. News Agency IANS, quoting Brokerage house Swastika Investmart, said that current market situation such as increased inflation statistics, FII outflows, currency weakness, geopolitical and rate hike-related worries might lead to a "flat" listing. However, the stock`s modest float may limit the stock`s post-listing decline. The initial public offering (IPO) of Life Insurance Corporation of India (LIC) closed on Monday (May 09), the share allotment was made on May 12. Following a 6-day bidding process that opened on May 04, the LIC IPO was subscribed 2.95 times on the final day. The policyholder bucket was subscribed 6.11 times while the employees portion saw bidding of 4.39 times. The retail investors` bid was subscribed 1.99 times and the non-institutional investors portion was subscribed 2.91 times. The initial public offering (IPO) of Life Insurance Corporation of India (LIC) closed on Monday (May 09), the share allotment was made on May 12.