LIC stock rises for third consecutive day; unlikely to cross initial issue price even a year from now

In the last three sessions, it witnessed marginal recovery from its 52-week low of Rs 650 and closed Wednesday session Rs 668.55 apiece. 

published on : 23rd June 2022

Lessons from LIC’s poor show on the bourses

True, unfavourable equity market conditions did play spoilsport but putting the entire blame on markets for the valuation cut would be stretching the limits of logic a bit too far.

published on : 14th June 2022

'Temporary blip': Government expresses concern about dip in LIC share price

The government had fixed the issue price of LIC shares at Rs 949 apiece after a successful Initial Public Offering (IPO) which was over-subscribed nearly 3 times.

published on : 10th June 2022

LIC shares slump to record low of Rs 782.45; market cap slips below Rs 5 lakh crore

LIC share is trading in the red for the fifth straight session. The scrip has slumped by around 6 per cent in the last five sessions.

published on : 6th June 2022

Weak LIC listing due to unpredictable market conditions: DIPAM Secretary

LIC on Tuesday listed its shares at a discount of 8.11 per cent at Rs 872 per share on NSE. On BSE, the shares got listed at Rs 867.20 apiece, down 8.62 per cent over the issue price of Rs 949 a share

published on : 17th May 2022

LIC debut disappoints those eyeing listing gains 

The counter on NSE witnessed  2.26 crore shares traded and on BSE 13.4 lakhs shares were traded at the time of writing. 

published on : 17th May 2022

LIC lists at Rs 867, nearly 9 per cent lower than issue price

Just before the listing, brokerage firm Macquarie had set a target price of Rs 1,000 for LIC shares,  slightly above the IPO price of Rs 949. 

published on : 17th May 2022

LIC to list on bourses on Tuesday

LIC policyholders and retail investors have got the shares at a price of Rs 889 and Rs 904 apiece, respectively, after taking into account the discount offered.

published on : 16th May 2022

Nifty may test key support of 15671 amid LIC listing on Tuesday

A decisive break below this level could potentially drag the Nifty down another 4% to 15031, said analysts.

published on : 16th May 2022

LIC IPO receives good response on last-day bid

The IPO received bids for 47.83 crore equity shares against the 16.2 crore equity shares on offer. A finance ministry official said the issue has been predominantly lifted by domestic investors.

published on : 10th May 2022

LIC IPO lifted by domestic investors, example of Atmanirbhar Bharat: DIPAM Secy

"It shows that the capacity of the Indian capital market has increased substantially and it also shows that we can run our own capital market without depending on foreign investors," he said.

published on : 9th May 2022

LIC IPO subscribed nearly 3 times; government raises Rs 21,000 crore

Against 16,20,78,067 shares on offer, 47,83,25,760 bids were received, according to data posted on stock exchanges at 7 pm.

published on : 9th May 2022

LIC IPO: Retail portion subscribed fully

Overall, the IPO is more than fully subscribed as it has received 17,98,42,980 bids, as against 16,20,78,067 shares on sale.

published on : 6th May 2022

LIC public issue subscribed fully on second-day bid

Policyholders’ portion receives highest bid, subscribed 3.11 times

published on : 6th May 2022

LIC IPO fully subscribed on day 2; offer closes on May 9

Of the total, the policyholders' portion was subscribed a little over three times, while that for employees was subscribed 2.14 times.

published on : 5th May 2022

LIC IPO subscribed 90 per cent till noon on second day

Of the total, the policyholder portion was subscribed nearly three times while the reserved employees' segment was subscribed 1.8 times, as per the data on stock exchanges.

published on : 5th May 2022

Sensex, Nifty turn choppy in early trade 

After surging over 200 points in early trade, the 30-share BSE benchmark turned volatile and was trading 27.41 points or 0.05 per cent lower at 57,184.21 in early deals.

published on : 4th May 2022

LIC mega IPO opens for subscription; to close on May 9 

The retail investors and eligible employees will get a discount of Rs 45 per equity share, and policyholders will get a discount of Rs 60 per equity share.

published on : 4th May 2022

LIC IPO signals strong institutional demand, raises Rs 5627 crore from 123 anchor investors 

According to sources, the value bid by anchor investors was over Rs 7000 crore but this couldn't be independently verified.

published on : 3rd May 2022

LIC IPO grey market premium doubles to average Rs 75

Grey market is an unofficial market to trade IPO applications and shares before listing of the stock. It gives an indication of the appetite for the IPO by retail investors.

published on : 3rd May 2022
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