te LIC shares losses narrowed post listing as the counter was trading above Rs 900 around 10.35 am. The shares were trading at Rs 902.00 per share, up Rs 34.80 or 4.01% on the listing price and at discount of Rs 47.00 or 4.95% against issue price.& | Zee Business 
	
        
		 			
        

            
LIC IPO listing highlights: Shares close at nearly 8% discount on listing day; What should investors do with this counter? 

			

				
								
					 Written By: Ravi Kant Kumar   Updated on: May 17, 2022 03.56 PM IST		
				
			

                    

			   
          

        
        
        

        

            

                

					 

                        

		
          
      
      
      

      
      
LIC IPO Listing Live Price: Shares of Life Insurance Corporation (LIC) were listed at nearly 9 % discount on NSE, BSE on Tuesday, May 17, 2022. The initial public offering of national insurer, which remained open between May 4 and 9, was subscribed 2.95 times on the last day. Against 16,20,78,067 shares on offer, the state-run insurer received bids for 47,83,67,010 shares.




The portion reserved for policyholders was subscribed 6.12 times, followed by 4.4 times bidding for employee quota. As for Retail Individual Investors (RIIs), Non-institutional Investors and Qualified Institutional Buyers (QIBs), the bids subscription figure stood at 1.99 times, 2.91 times and 2.83 times respectively.  



The retail investors and eligible employees were given a discount of Rs 45 per equity share and a discount of Rs 60 per share was given to policyholders. 



As India's largest IPO makes its debut on the bourses, Zee Business brings you all the live action. Watch out for this page for all live updates on the listing, share movement and more... 



      

	  
	

      
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Tue, May 17, 2022, 14:55 PM

			
			
					 		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
The subdued listing of LIC is in-line with expectations in context to the drop in market dynamics from the opening of the IPO to the listing date. The listing price has fallen in tandem with the fall of insurance sector valuations, maintaining the discount of about 70% to the industry’s average. Positively, the stock was brought at the dip. We believe that LIC is a decent investment opportunity in the short to medium-term considering its strong market presence, improvement in future profitability due to the changes in surplus distribution norms and strong sector growth outlook. LIC can perform well when we have a bounce in the market and positive performance in the insurance sector- Vinod Nair, Head of Research at Geojit Financial Services.

 



		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Tue, May 17, 2022, 14:40 PM

			
			
					 		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
Amid fierce competition from rivals such as HDFC Life Insurance Company Ltd and ICICI Prudential Life Insurance Company Ltd, LIC`s market share has dropped to 63% from 66% in 2019, according to data from the insurance regulator.



		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Tue, May 17, 2022, 12:55 PM

			
			
					 		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
Investors should stay put with LIC shares. LIC is a big organization and it aims to do better going forward. One should not invest in IPOs for the sake of listing gains only- DIPAM Secretary Tuhin Kant Pandey to LIC shareholders 



		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Tue, May 17, 2022, 11:46 AM

			
			
					 		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
What makes LIC world's cheapest insurance stock? Zee Business Research report decodes.


The market capitalization to Indian Embedded Value (M-cap/IEV) of LIC is cheapest at around 1 and 1.05 (with respect to 5% correction from issue price) as against other private life insurance firms such as HDFC Life (4.1 M-cap/IEV), SBI Life (2.8 M-cap/IEV) and ICICI Pru Life (2.4 M-cap/IEV), highlighted Zee Business Senior Research Analyst Varun Dubey said in his report on Tuesday. In comparison, LIC’s valuations are one-fourth of HDFC Life’s valuations, the research analyst said.  



 


The valuations of the public insurer are also cheaper than its global counterparts as AXA SA has 1.1-1.2 M-cap/IEV, while AIA, Zurich Insurance, and Alliance have M-Cap/IEV between 1.1-1.9. 


 



		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Tue, May 17, 2022, 11:10 AM

			
			
					 		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
LIC IPO was difficult, not impossible, says LIC MD Raj Kumar


Watch full interview here


 





		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Tue, May 17, 2022, 10:36 AM

			
			
					 		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
LIC shares losses narrowed post listing as the counter was trading above Rs 900 around 10.35 am. The shares were trading at Rs 902.00 per share, up Rs 34.80 or 4.01% on the listing price and at discount of Rs 47.00 or 4.95% against issue price.  



		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Tue, May 17, 2022, 10:32 AM

			
			
					 		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
Here is how LIC fares vis a vis global and domestic insurance companies. Know where does it stands in terms of valuations.  


Click on this link to know full analysis


 



		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Tue, May 17, 2022, 10:20 AM

			
			
					 		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
The insurance behemoth LIC Ltd. has debuted at Rs. 872 i.e. 7% below its issue price. The company’s weak listing can be attributed to high volatility in the markets and negative market sentiments. The company is synonymous with insurance in India and enjoys a phenomenal brand recall. We believe India’s highly underpenetrated life insurance space is still at a nascent stage and is attractively positioned to capture the huge growth opportunity. LIC enjoys many competitive advantages like strong brand value, extremely large scale of operations, a huge network of agents, and an envious distribution network, further, the company’s issue was priced at a Price to Embedded value of 1.1x, providing a valuation comfort, so we suggest investors to stay with the company for the long term despite the negative listing. Those who applied for listing gains can maintain a stop loss of Rs. 800. New investors can take advantage of the dips to accumulate this share for the long term. We would like to add that the company's further downside will be limited due to low float post listing.- Parth Nyati, Founder, Tradingo,


 



		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Tue, May 17, 2022, 10:13 AM

			
			
					 		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
Shares of LIC were listed at nearly 9% discount on the BSE and NSE. LIC Shares were listed at Rs 867 per share against issue price of Rs 949 on the BSE and Rs 872 per share on the NSE 



		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Tue, May 17, 2022, 09:58 AM

			
			
					 		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
BSE MD CEO Ashish Chauhan says, from the first day of listing, LIC will be in A group of securities



		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Tue, May 17, 2022, 09:57 AM

			
			
					 		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
DIPAM secretary says LIC policy holders number is about population of many countries. Eelmbed value was determined first time and now onwards EV will be available on regular intervals



		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Tue, May 17, 2022, 09:54 AM

			
			
					 		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
LIC IPO Listing Ceremony on BSE: The ceremony of Life Insurance Corporation of India begins with auspicious Lamp Lighting on 17th May, 2022, on the BSE. 



 



		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Tue, May 17, 2022, 09:49 AM

			
			
					 		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
Minutes before listing, LIC shares cut losses as they were trading at over 8% discount on the BSE around 9.45 pm. They were trading at Rs 867.20 per share on the BSE.



		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Tue, May 17, 2022, 09:45 AM

			
			
					 		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
LIC IPO Listing: Will the shares will be listed at premium or they will open below issue price. What should long-term, short-term investors do? Anil Singhvi detailed analysis.



 



		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Tue, May 17, 2022, 09:38 AM

			
			
					 		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
Ahead of listing of LIC shares on the excanges, Tuhin Kanta Pandey, Secretary DIPAM speaks at the Listing Ceremony of Life Insurance Corporation of India on 17th May, 2022 




 



		


				
					
			
			
	
	
	


        
       




  

    

  
  
  
  
  
  

    						

 
		







 
							
						

					 

                   
                

                
            

        

        
        

        

      

        

			
			

        

        
    

    
    
   
    
    
    
    
    

    
    




  
    
    



 
  



  


                  

                

                

                  

                    
                

              

            

          


        

        

      

    

      










  
  
  
  
  
  











  
  
  


	
        

      

        
        
        

      

    



  
  


  

    
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