LIC Market Capital News: Investors may have been disappointed on the day of listing of LIC IPO, but there is good news for the company. Life Insurance Corporation of India (LIC) has become the 5th most valuable company in the country with a market capitalization of around Rs 5.54 lakh crore. According to the information, the shares of LIC were listed in the stock market with a slight decline on Tuesday.
20,557 from IPOK raised Rs.
The company has raised Rs 20,557 crore from its initial public offering (IPO). However, its shares got listed down by more than eight per cent against the issue price of Rs 949 per share. At the same time, LIC’s stock closed at Rs 875.45 per BSE, down by Rs 73.55, or 7.75%. On this basis, the valuation of the company (LIC) is around Rs 5.54 lakh crore.
more market capital
According to data available on the Bombay Stock Exchange (BSE), the market cap of LIC is Rs 5.27 lakh crore for Hindustan Unilever (HUL), Rs 4.94 lakh crore for ICICI Bank, Rs 4.17 crore for SBI and Rs 4.17 lakh for HDFC. (HDFC) has more than Rs 3.97 crore.
Significantly, with a market valuation of Rs 17.12 lakh crore, RIL is the most valuable company in the country. At present, Tata Consultancy (TCS) is second, HDFC Bank (HDFC) third and Infosys fourth ahead of LIC.
does this vigorous business
Life insurance company LIC has sold 2 crore 17 lakh policies in India in the financial year 2022. That is, every minute LIC has sold 41 policies. In the financial year 2023 of LIC, the first year premium increased by 8% to close to 2 lakh crores i.e. 1 lakh 98 thousand crores.
Despite 23 private companies, the market share of LIC (Life Insurance Corporation) in new business premium remains at 64%, but in the last two years there has been a decline in the market share of new business premium.