{"id":1578,"date":"2022-05-17T16:49:53","date_gmt":"2022-05-17T16:49:53","guid":{"rendered":"https:\/\/www.invest19.com\/blog\/?p=1578"},"modified":"2022-05-17T16:49:54","modified_gmt":"2022-05-17T16:49:54","slug":"lic-shares-lists-at-discount-valuation-falls","status":"publish","type":"post","link":"https:\/\/www.invest19.com\/blog\/lic-shares-lists-at-discount-valuation-falls\/","title":{"rendered":"LIC Shares Lists at Discount; Valuation falls"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div>\n<p>After Paytm, the most hyped IPO of the mega insurer of the\ncountry Life insurance corporation of Indi made its debut on NSE and BSE on 17<sup>th<\/sup>\nMay 2022<\/p>\n\n\n\n<p>A tepid listing was on the card as indicated by the grey\nmarket, which showed a fall in premium with days approaching for the IPO to\nlist. The IPO was oversubscribed and the government of India raised $2.7\nbillion by selling its stake in LIC as a part of the disinvestment process.<\/p>\n\n\n\n<p>The life insurance corporation IPO was listed at a discount\nof almost 8% from its allotment price of Rs949. However, the discount reduces\nthe breakeven point for employees and policyholders who got shares at Rs904 and\nRs889, respectively.<\/p>\n\n\n\n<p><strong>VALUATION LOST<\/strong><\/p>\n\n\n\n<p>At the issue price of Rs 949, the LIC valuation stood at \u20b9&nbsp;6,00,242\ncrore. At the listing price, resulting in a loss of around&nbsp;\u20b9&nbsp;42,500\ncrores, the valuation of LIC stands at&nbsp;\u20b9&nbsp;5,57,675 crore.<\/p>\n\n\n\n<p><strong>PRICE MOVEMENT DURING THE TRADING SESSION<\/strong><\/p>\n\n\n\n<p>During the trading session, LIC IPO touched the high of \u20b9918.95,\nmuch below the allotment price of Rs949. The disappointment got grave as it\nslipped from the mark of \u20b9900 to touch the low of \u20b9860, to finally close the\nday at \u20b9875.25.<\/p>\n\n\n\n<p><strong>INVESTOR\u2019S CALL<\/strong><\/p>\n\n\n\n<p>LIC did disappoint its investors on its debut day eroding\nalmost Rs42,500 crores of its investors. However, the firm still holds its\nstrong fundamental and financial basis. With the increasing size of the industry\nand growing demand for insurance with an increase in financial inclusion and\nfinancial literacy, LIC will certainly prove to be a value and growth-based\nstock in the long term.<\/p>\n<div class='epvc-post-count'><span class='epvc-eye'><\/span>  <span class=\"epvc-count\"> 4,084<\/span><\/div><div class=\"pld-like-dislike-wrap pld-template-1\">\n    <div class=\"pld-like-wrap  pld-common-wrap\">\n    <a href=\"javascript:void(0);\" class=\"pld-like-trigger pld-like-dislike-trigger \" title=\"\" data-post-id=\"1578\" data-trigger-type=\"like\" data-restriction=\"ip\" data-ip-check=\"0\" data-user-check=\"1\">\n                        <i class=\"fas fa-thumbs-up\"><\/i>\n                    <\/a>\n    <span class=\"pld-like-count-wrap pld-count-wrap\">12    <\/span>\n<\/div><\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>After Paytm, the most hyped IPO of the mega insurer of the country Life insurance corporation of Indi made its debut on NSE and BSE [&hellip;] <span class=\"read-more-link\"><a class=\"read-more\" href=\"https:\/\/www.invest19.com\/blog\/lic-shares-lists-at-discount-valuation-falls\/\">Read More<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":1579,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[180,70,10],"tags":[],"class_list":["post-1578","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-ipo","category-featured"],"_links":{"self":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/1578","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/comments?post=1578"}],"version-history":[{"count":1,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/1578\/revisions"}],"predecessor-version":[{"id":1580,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/1578\/revisions\/1580"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/media\/1579"}],"wp:attachment":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/media?parent=1578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/categories?post=1578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/tags?post=1578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}