Share price of lic of india

Express News Service NEW DELHI: The sharp correction in the share prices of LIC (Life Insurance Corporation of India) post its discounted listing on May 17 has dealt a major blow to its investors as the market capitalisation of the state-run insurer has come down to Rs 4.19 lakh crore from Rs 6 lakh crore (based on the upper end of its IPO price (Rs 949)), wiping a total of Rs 1.81 lakh crore. Amid this gloom and doom, what should those investors, who are stuck with LIC shares at IPO price of Rs 949, do? According to equity market analysts, while this sharp decline is a big disappointment, investors should remain patient as the stock may stage a comeback. VK Vijayakumar, chief Investment Strategist at Geojit Financial Services said that LIC stock’s performance post IPO has been a big disappointment. He, however, says that it is too early to conclude that the share price won’t reach the IPO price in the next one year. If the Q1FY23 results of LIC are good, the stock may stage a comeback but it is likely to underperform if there is a rally in the market.” In the fourth quarter of 2021-22, LIC reported a profit of Rs 2,409 crore (17% lower YoY) on May 30, which by no means is a small number. However, this could not lift the investor sentiments amid weak global cues and the stock’s downfall escalated afterward. Even MD Rajkumar’s commentary that they would be working to increase the share of non-participatory products in their portfolio to improve profitability and that they a...

LIC is treading well towards increasing VNB by pushing product mix towards non- participating segment (9.45% in 9MFY23 Individual APE mix). However, volume growth has outperformed the industry in 10MFY23TD (25% YoY growth for LIC vs 19% growth for private insurers in terms of total weighted APE), especially in group segment (52% YoY growth in 10MFY23 vs 26% growth of private insurers in terms of group weighted APE). Issue Snapshot: Issue Open: May 04 May 09, 2022 Price Band: Rs. 902 949 (A discount of Rs.45 for all eligible employee and retail category) (Discount of Rs.60 for all eligible LIC Policyholders) *Issue Size: Rs 21008 cr (Entirely offer for sale of 221,374,920 eq sh) Reservation for: QIB Upto 98,828,089 eq sh Non Institutional atleast 29,648,427 eq sh Retail atleast 69,179,663 eq sh Employee Reservation: Upto 1,581,249 eq sh Policyholder Reservation:Upto 22,137,492 eq sh Face Value: Rs 10 Book value: Rs 13.01 (Dec 31, 2021) Indian Embedded value Rs.539,686 cr Bid size: - 15 equity shares and in multiples thereof 100% Book built Issue Life Insurance Corporation of India - IPO Note