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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.