Share rate of lic

A year after the listing of Life Insurance Corporation (LIC) of India, the insurance behemoth will hold international roadshows, beginning in Hong Kong later this month. The non-deal roadshows of LIC are scheduled between June 25 and June 29, sources said, adding that the meeting will also be held in the United Kingdom (UK). These roadshows are aimed at creating awareness among global investors post-listing of LIC shares, the sources said. It has been a little over one year since LIC was listed on the stock exchanges. The non-deal roadshows will offer investors a comprehensive look at the company's story. It also aims at fostering effective communication between the executive team and investors. According to the sources, the top management of LIC will interact with global investors through a series of meetings spread over five days and highlight the strength of the company. The management will urge the investors to invest in LIC scrips as the company has huge potential, the sources said. Last year, the government raised Rs 20,557 crore by diluting its 3.5 per cent stake in the LIC through the initial public offering (IPO), the country's biggest ever. LIC shares were listed on May 17, 2022, at a discount of 8.62 per cent at Rs 867.20 apiece on BSE over the issue price of Rs 949 a share. Shares of the LIC closed at Rs 601.95, down 0.32 per cent on the BSE. The stock is now down around 40 per cent from its IPO issue price of Rs 949 per share, taking the total erosion of marke...

Life Insurance Corporation of India (LIC) share price fell 3 per cent to Rs 810 apiece on BSE on Tuesday, after the insurance company reported a loss of 18 per cent on-year in standalone net profit at Rs 2,371.55 crore for the three months to March 2022. The board of LIC has recommended a dividend of Rs 1.50 per equity share with a face value of Rs 10 each for the year ended March 31, 2022. LIC stock has been witnessing continuous selling pressure since listing. “Investors having a long-term perspective, should continue to hold onto the stock, given the growth potential of the insurance sector in the country in the coming years and LIC in particular given its leadership position in the sector,” Aamar Deo Singh, Head Advisory, Angel One, told FinancialExpress.com. SBI to raise Rs 50,000 crore in FY24 The stock has fallen more than 15 per cent from the issue price. “We may see more down-side movement in the price ahead of the negative secondary market sentiments. Investors who have the long position can maintain a stop loss of Rs 720. New investors can follow the buy dips strategy,” Akhilesh Jat, analyst, CapitalVia Global Research told FinancialExpress.com. Earlier this month, the government raised Rs 20,557 crore by diluting its 3.5 per cent stake in the LIC through the IPO. LIC shares were listed at a discount of 8.62 per cent at Rs 867.20 apiece on

Earlier during the day, ahead of the results announcement, LIC's scrip closed 1.81% higher at ₹836.50 on NSE. LIC shares are down more than 15% from its IPO issue price. LIC made its stock market debut earlier this month on May 17, 2022. LIC IPO, India's largest till date, had closed with nearly 3 times subscription, predominantly lapped up by retail and institutional buyers, but foreign investor participation remained muted. The government sold over 22.13 crore shares or a 3.5% stake in LIC through the initial share sale. Its solvency ratio, a measure of an insurer's ability to meet its long-term debt obligations, rose to 1.85 from 1.76 a year earlier. LIC's 13-month persistency ratio, reflecting the number of policies being renewed. fell to 69.24% from 73.24%.

NAME P/E (x) P/B (x) ROE % ROCE % ROA % Rev CAGR [3Yr] OPM NPM Basic EPS Current Ratio Total Debt/ Equity (x) Total Debt/ CFO (x) 9.93 8.14 82.18 0.91 0.82 6.66 5.27 4.30 56.91 3.32 0.00 0.00 93.04 9.56 10.53 0.17 0.55 33.37 0.58 1.93 6.41 10.56 0.07 0.00 72.20 9.54 13.21 0.66 0.54 21.86 2.54 2.13 17.19 33.86 0.00 0.00 90.63 7.31 8.06 0.54 0.31 43.17 2.07 1.23 5.66 26.30 0.12 0.00 61.22 5.84 10.75 11.73 0.28 19.67 1.79 1.43 10.97 1.02 0.00 0.00 Add More Meeting Date Announced on Purpose Details May 24, 2023 May 23, 2023 Board Meeting Audited Results & Final Dividend Feb 09, 2023 Feb 01, 2023 Board Meeting Quarterly Results Nov 11, 2022 Nov 02, 2022 Board Meeting Quarterly Results Sep 27, 2022 Jul 04, 2022 AGM - Aug 12, 2022 Aug 04, 2022 Board Meeting Quarterly Results • About LIC Life Insurance Corporation of India, incorporated in the year 1956, is a Small Cap company (having a market cap of Rs 377,222.86 Crore) operating in Financial Services sector. Life Insurance Corporation of India key Products/Revenue Segments include Amount transferred from Policyholder Account, Interest, Dividend & Rent, Profit/Loss on Sale/Redemption of Investments and Other Operating Revenue for the year ending 31-Mar-2022. For the quarter ended 31-03-2023, the company has reported a Consolidated Total Income of Rs 200,927.81 Crore, up 1.49 % from last quarter Total Income of Rs 197,984.89 Crore and down 5.38 % from last year same quarter Total Income of Rs 212,344.13 Crore. Company has reported...

Amid stock market bloodbath, Hindenburg Research report did further damage to Adani group stocks. In last two sessions, Adani group stocks have nosedived much lower than key benchmark indices, leading to huge losses to its retail and institutional investors. The Life Insurance Corporation (LIC) of India is one such domestic institutional investor (DII), which has huge shareholding in Adani group stocks. In last two days, LIC has lost ₹16,580 crore. Out of these ₹16,580 crore loss in last two days, LIC lost ₹6,232 crore in one Adani group stock Adani Total Gas in which it has 5.96 per cent shareholding. 1] Adani Enterprises: In this flagship Adani group company, LIC holds 4,81,74,654 shares, which is 4.23 per cent of total paid up capital of the company. In last two days, ₹3,442 to ₹2,768.50 apiece levels on NSE, which means Adani Enterprises shares have lost ₹673.5 apiece in last two days. As per the shareholding data of Adani Enterprises Ltd for October to December 2022 quarter, LIC holds 4,81,74,654 Adani Enterprises shares. This means, LIC lost around ₹3,245 crore ( ₹673.50 x 4,81,74,654) in Adani Enterprises share fall in last two days. 2] Adani Ports: As per shareholding pattern of this company for Q3FY23, LIC holds 19,75,26,194 company shares or 9.14 per cent stake in the company. In last two days Adani Port share price has tumbled from ₹761.20 to ₹604.50 apiece levels, losing ₹156.70 per share in two sessions. As LIC holds 19,75,26,194 Adani Port shares, ₹3,095 cror...

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