LIC begins roadshows to woo global investors. Will the move help stock recover to IPO levels?

LIC begins roadshows to woo global investors. Will the move help stock recover to IPO levels?
Getty Images

People walk past Life Insurance Corporation of India (LIC) signs ahead of the company's listing ceremony at the Bombay Stock Exchange (BSE) in Mumbai on May 17, 2022. (Photo by Indranil MUKHERJEE / AFP) (Photo by INDRANIL MUKHERJEE/AFP via Getty Images)

Synopsis

Kickstarted on June 23, LIC is holding international roadshows in Hong Kong, Singapore, the UK, and other nations to create awareness among global investors post-listing of shares. The stock is currently down more than a third of its value compared to the issue price of INR949. The non-deal roadshows will offer investors a comprehensive look at the company's story.

‘Once bitten, twice shy’ that’s how one would describe the investors of Life Insurance Corporation (LIC). As the shares of the country’s life insurance behemoth struggle to gain their issue price — down more than a third of their value compared to the issue price of INR949 — the finance ministry is busy conducting roadshows overseas to attract global investors. The move is aimed to help improve LIC’s market performance. The insurance company is
( Originally published on Jun 30, 2023 )

To Read the Full Story, Become an ET Prime Member

Access the exclusive Economic Times stories, Editorial and Expert opinion

Monsoon Offer

Get flat 20% off

on ETPrime membership

Membership Benefits

Access the exclusive Economic Times

Stories, Editorial & Expert opinion

Complete Access with ET Prime

Experience your Economic Times newspaper, The way you've always liked!

Get to know where the market gurus invest & grow your portfolio.

Stock Report Plus

In-depth stock analysis for 4000+ companies

Stock Analyzer

Instant stock analysis based on Solvency, Profitability, Growth, Valuation, Momentum, Risk & More.

Now Available with ET Prime

Manage your money efficiently with this weekly guide.

Clean experience

with minimal ads

Easy & distraction-free reading with 90% less ads

Sharp Insight-rich,

In-depth stories across 20+ sectors

1500+ Exclusive stories & analysis across sectors to help you stay informed

Get One Year Times Prime Subscription worth ₹1199 for free

Get 1 Year Complimentary Subscription of TOI+ worth Rs.799/-

Enjoy unlimited access to breaking news and thought provoking stories from all around the world.

Get One Year Docubay Subscription worth ₹999 for free

Stream award-winning international documentaries from more than 100 countries.

Offers By Our Partners

Exclusively for ET Prime Members

Members Love Us

The stalwarts of the industry trust ET Prime for insightful analysis & unbiased thought pieces

Gift a story

Your membership includes Story Gifting Credits. Now gift exclusive stories to your friends & peers.

Comment & Engage

with ET Prime community

Communicate & build a connection with great minds of the industry

A trusted team of

Journalists & Analysts

Unbiased perspective & detailed reporting by our team of journalists who have in-depth knowledge and years of experience