Monday, 28 November, 2022
TopicLIC IPO

Topic: LIC IPO

With $17 billion wipeout, LIC IPO among Asia’s biggest new stock flops this year

Having plunged 29% since its 17 May debut, India’s biggest ever IPO now 'ranks second in terms of market capitalisation loss since listing'.

Why Modi govt’s modest Rs 65,000 crore disinvestment target for FY23 seems to be a tall order

Government has already met one-third of its Rs 65,000-cr disinvestment target for this year. But legal and procedural delays with high-value companies are now posing hurdles.

‘Shiva’s crown atop mosques’ & Hardik’s blink-and-miss Congress stint

The best cartoons of the day, chosen by the editors at ThePrint.

After disappointing debut listing, LIC investors seek attractive Aramco-Style dividend

Guaranteeing a 3%-4% regular dividend may make LIC investors stay put, but having to hold the shares long-term in a volatile market may make them uncomfortable.

In Gyanvapi Masjid case, wrong questions being asked

ThePrint view on the most important issues, instantly.

Gyanvapi-like video survey for Finance Ministry, and an insurance policy for LIC’s market debut

The best cartoons of the day, chosen by the editors at ThePrint.

LIC shares slump in market debut after record Rs 205.6 billion India IPO

The shares fell as much as 9.4% to Rs 860 versus their IPO price of 949, before paring about half of the losses. LIC is the fourth-largest deal among global IPOs priced this year.

Bad timing could hamper LIC IPO

Most early public enterprise IPOs have been trading 75% below their original price, small investors concerned.

India raises about 21 thousand cr as LIC IPO priced at Rs 949

LIC’s debut comes at a time when capital-market activities have significantly slowed globally as the war in Ukraine stokes market volatility and saps investor appetite.

Centre aims to raise Rs 21,000 crore with LIC IPO that opens 4 May

India’s biggest public issue will be in the price band of Rs 902-949 per share.

On Camera

YourTurn

Former Pakistani Army Chief Qamar Javed Bajwa | ISPR/Twitter

On my last day as Pakistan Army Chief, I leave Asim Munir with bigger problems than my billions

Does Indian Army Chief Gen Pande have no interest in making CPEC, cheese pizza economic corridor? I suggest him this corridor against China. Learn from us.
Representational image of workers at a construction site | ANI

GDP data this week will indicate FY23 outlook. But analysis shows growth still below pre-Covid yrs

Analysis of industrial & consumer data not included in usual ‘high-frequency indicators’ shows although demand seems to have recovered from pandemic, it remains weak.

Defence

Illustration: Soham Sen | The Print

Modi govt moves with Arunachal Frontier Highway, among India’s ‘toughest’ projects yet, China in mind

The 2,000 km-long highway will be of strategic importance to military. Same equipment used on other side of LAC being deployed to carry out work on tough terrain, say officials.

A Gujarat gamble: A likely reason Rahul is not giving Modi a fight this assembly election

I'd rather not buy idea that Rahul's holding his fire until 2024. More likely, Congress believes Karnataka offers best chance of winning a Gujarat-sized state if Gujarat is too challenging.