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LIC IPO
LIC IPO: The government plans to list LIC, which is held to be the country's largest listing, in the last quarter this financial year
Why is CCI questioning Air-India merger now? How is Svamitva providing property rights to villagers? Will the Sensex & Nifty sustain at record highs? A brief history HDFC-HDFC Bank merger
What are the things investors should watch in the LIC IPO? Will an invite to the G7 summit impact India's foreign policy? Why did MGNREGS employment decline in April? What's Corbevax? All answers here
Disciplinary panel agrees with prima facie finding, to conduct enquiry next month
Volatility in the secondary market against the backdrop of US Fed rate hike and global crisis made IPOs of LIC and Delhivery trim their sizes. Will more companies follow suit in the choppy markets?
The broader markets ended with deeper losses, with both the BSE Midcap and Smallcap indices down over 1.5 per cent each; the breadth too at 2:1 was in favour of the bears.
Listing may spill over into FY23 as geopolitical tensions roil markets
One path waits for the company to go bankrupt while the other continues to subject it to government whim, writes T N Ninan
The worst was that of chip manufacturer ASR Microelectronics, whose shares had slumped 34% in Shanghai during their trading debut in January following its $1.1 billion IPO
Business Standard brings you top headlines on Wednesday
Will divestment slow down after LIC's weak debut? How is 'shrinkflation' helping FMCG majors? What are Sanjiv Bajaj's ideas on financial sector reforms? What is the total fertility rate? Answers here
LIC started its journey at secondary markets on a weak note. While analysts are unperturbed with the stock performance, take a dive into what LIC's weak debut means for this year's divestment target
We will ramp up digital channels and make tactical tweaks on equity investments to please policyholders, said M R Kumar
According to LIC's final offer document, the company shelled out just Rs 11.8 cr as payment to book running lead managers, or 9.9% of total issue expenses
LIC listing: The debut was below expectations, and also lower than the discounted value at which shares were offered to policyholders (Rs 60 per share) and retail investors (Rs 45 per share)
Some investors and analysts are concerned that the price could drop even more because of little growth prospects for the legacy business, risks of further disinvestment by the govt
By Aftab Ahmed and Nupur Anand
'Nobody can predict the market. We have been saying that it should not be held for a particular day but for more than a day,' Tuhin Kanta Pandey told reporters after the listing of LIC shares
CLOSING BELL: Shares of Life Insurance Corporation of India (LIC) listed at Rs 867.20 on the BSE, a 8.6 per cent discount when compared with its issue price of Rs 949 per share