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LIC: The pros and cons of a foreign listing

With the government desperate to raise funds, the next round of dilution of LIC could be in the near future, resulting in an upward cap on any price movement

October 06, 2020 / 10:21 AM IST
LIC: The pros and cons of a foreign listing

LIC is the largest insurer in the country with a balance sheet of Rs 31.2 lakh crore

  Is the euphoria in the IPO market over? Angel Broking traded at a 10 percent discount to its offer price. As against an offer price of Rs 306 the stock was listed at Rs 275 and closed the day at 275.85, lower by 9.85 percent from the issue price. Premiums in the IPO grey market have also evaporated. Angel Broking’s premium even before the listing was at a discount of 5-6 percent. Also, the closure date of an ongoing IPO...

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