Skip to Main content

18.44°^C Vancouver

News Entertainment Sports Videos Shows Podcast Contact Us

May 16, 2022 3:04 PM - ANI

LIC to make stock market debut on Tuesday, shares may list below issue price

Share On

lic-to-make-stock-market-debut-on-tuesday-shares-may-list-below-issue-price

LIC to make stock market debut - ANI

Life Insurance Corporation of India will make its stock market debut on Tuesday. Shares are likely to get listed below their issue prices, grey market data indicates.

In the grey market on Monday, LIC shares were quoted at mild discounts. In the intra-day it was also quoted for at par listing.

This means the share price of LIC is likely to be listed at the stock exchanges around the issue price of Rs 949 or below that.

In the grey market, LIC shares were quoted at a discount of Rs 15 to 20 per share. The grey market is an unofficial market. The data is used for trend prediction.

The recent volatility has led to a sharp drop in the grey market premium of LIC shares. At its peak grey market premium of LIC shares stood at Rs 95 per share. This was before the IPO opened for public subscription. The initial public offering of LIC has been subscribed 2.95 times. The IPO opened for public subscription on May 4 and closed on May 9.

Latest news

CanadaSep 11, 2026

BMO Announces $70 Billion Investment Over 10 Years in Key Canadian Sectors

Bank of Montreal (BMO), one of Canada’s major banks, has announced plans to invest $70 billion in capital over the next 10 years in sectors considered critical to the country’s economy, including critical minerals and electricity. The bank says the initiative is aimed at strengthening Canada’s economic security and long-term stability. The announcement comes as Canada continues to face economic challenges and an ongoing trade dispute with the United States. The move also aligns with Prime Minister Mark Carney’s government’s efforts to reduce Canada’s reliance on the U.S. and suppor

canada-ends-special-family-sponsorship-exemption-for-refugees

CanadaSep 11, 2026

Canada Ends Special Family Sponsorship Exemption for Refugees

Canada has quietly ended a special policy that allowed certain refugees to sponsor family members whose names were not included in their original immigration applications. Under the temporary policy, some refugees and permanent residents were able to sponsor spouses or children who had not been declared in their initial applications. The policy, introduced about seven years ago, expired on Thursday following a decision by Immigration Minister Lena Metlege Diab. Under current Canadian immigration rules, permanent residents generally cannot sponsor family members who were not declared during the

BC Anti-Gang Task Force Seizes Guns, Drugs and Cash in Fort St. John

British Columbia’s anti-gang police task force has seized a significant amount of weapons, drugs and cash during a major operation in the Fort St. John community. According to Sergeant Sarbjit Kaur Sangha of the Combined Forces Special Enforcement Unit, officers were deployed to the area at the request of local police between August 21 and September 5. During the operation, several arrests were made in connection with ongoing gang conflicts and illegal drug trafficking in the area. Police seized cocaine, methamphetamine and fentanyl, along with seven firearms, including handguns, rifles and

calgary-police-lay-extortion-charges-continue-search-for-suspect

AlbertaSep 11, 2026

Calgary Police Lay Extortion Charges, Continue Search for Suspect

Calgary police have laid extortion charges against 23-year-old Kanurit Kaur, 21-year-old Tanveer Singh and a 17-year-old youth in connection with an extortion investigation. Police are searching for Singh, who is wanted on a warrant for possession of property obtained by crime over $5,000. According to police, on March 25 at around 4:30 p.m., a woman received a demand for money through WhatsApp from an unknown number. The suspects appeared to have detailed information about the victim’s personal and business affairs. The caller repeatedly attempted to contact the victim and made explicit thr

canada-u-s-remain-in-contact-despite-trade-talks-breakdown-leblanc

CanadaSep 11, 2026

Canada, U.S. remain in contact despite trade talks breakdown: LeBlanc

Canada and the United States remain in contact despite the breakdown in formal trade talks, Canadian Trade Minister Dominic LeBlanc has confirmed. Speaking to reporters in Banff, Alberta, LeBlanc said that while Canada is not currently engaged in formal trade negotiations with Washington, communication between the two countries continues. LeBlanc said he does not have any meetings scheduled in Washington at the moment, but has spoken several times by phone with U.S. Trade Representative Jamieson Greer and Commerce Secretary Howard Lutnick. He reiterated that Canada is ready to return to the ne

Related News

Behbal Kalan Firing Case: Sukhbir Badal Skips SIT Appearance, Seeks Time Till September 30

Behbal Kalan Firing Case: Sukhbir Badal Skips SIT Appearance, Seeks Time Till September 30

Shiromani Akali Dal president Sukhbir Singh Badal did not appear before the Special Investigation Team (SIT) probing the 2015 Behbal Kalan firing case, despite being summoned to appear before the investigating team. However, Badal’s representatives, Parmbans Singh Romana and advocate Arshdeep Singh Kaler, met SIT officials at around 11 a.m. on Friday. In a written request, Badal cited health issues as the reason for not appearing before the SIT. He said he needed to visit a doctor for a medical check-up and was therefore unable to attend. Badal also referred to his busy schedule of public ra

Bomb Threat Forces Emergency Landing of IndiGo Flight in Ahmedabad

Bomb Threat Forces Emergency Landing of IndiGo Flight in Ahmedabad

An IndiGo flight from Lucknow to Dammam, Saudi Arabia, made an emergency landing at Ahmedabad airport on Thursday evening after receiving a bomb threat. Police said IndiGo flight 6E97 landed at Sardar Vallabhbhai Patel International Airport at around 5:45 p.m. local time. All 107 passengers and six crew members were safely evacuated, and no suspicious object was found on board. According to an airport police inspector, a crew member found a piece of paper with the word “bomb” written on it, prompting the emergency response.

Gulzar Singh Suicide Case: Channi Seeks CBI Probe, Cheema’s Resignation and Arrest

Gulzar Singh Suicide Case: Channi Seeks CBI Probe, Cheema’s Resignation and Arrest

Former Punjab Chief Minister Charanjit Singh Channi has demanded a CBI probe into the alleged suicide of labourer Gulzar Singh in Sangrur district. He also sought the resignation and arrest of Punjab Finance Minister Harpal Singh Cheema. Leading a delegation of Congress leaders, Channi met Punjab Governor Gulab Chand Kataria and accused the Aam Aadmi Party government of failing to maintain law and order in the state. Channi alleged that Gulzar Singh had raised his voice over his son’s drug addiction and was subsequently harassed and threatened by local AAP-linked office-bearers. He further c

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

Broadcasting Notice of Consultation

BC Children's Hospital