Page 2 - Lic Listing News Today

India priced LIC`s record-breaking IPO last week at 949 Indian rupees ($12.20), the top of the indicated range. The government has raised around $2.7 billion from selling a 3.5% stake in LIC, the country`s top insurer, which is state owned.

Shares of Life Insurance Corporation of India (LIC) made a tepid debut on Indian stock exchanges today.

LIC listing: Soon after this became viral, netizens did what they do best -- share the choicest memes. From reminiscing about Paresh Rawal and Akshay Kumar-starrer comedy Hera Pheri to Prabhas and Pooja Hedge-starrer romantic drama Radhe Shyam, here’s how the Internet reacted to LIC’s tepid listing:  

LIC listing: Market watchers believe that the ongoing volatility weighed down on the insurance titan’s listing.

On the BSE, the shares got listed at Rs 867.20 apiece, down 8.62 per cent over the issue price of Rs 949 a share.

LIC IPO Listing: Life Insurance Corporation (LIC) lists on the BSE at Rs 867.20 per share, a discount of Rs 8.62 per cent from its initial public offering (IPO) allotment price of Rs 949.

Macquarie added that inherent volatility in Embedded Value is another big challenge given a substantial portion of EV constitutes marked-to-market unrealised equity gains. 

LIC had fixed the issue price of its shares at Rs 949 apiece after a successful initial public offering, which fetched Rs 20,557 crore to the government.

LIC IPO Listing: Life Insurance Corporation of India's (LIC) widely anticipated listing turned lacklustre, with its shares losing 7.75 per cent from its allotment price on its market debut.

At the issue price of Rs 949, the market capitalisation of Life Insurance Corporation (LIC) of India stood at Rs 6,00,242 crore.