LIC completes one year in the listed space: Here's a recap of the PSU insurance giant's mega IPO

Life Insurance Corporation (LIC) shares completed one year in the secondary market on Wednesday, May 17, 2023. On this day last year, the stock of the state-run life insurance giant began trading on bourses BSE and NSE with the trading symbol LICI. At the current market price, the stock changes hands at a discount of 37-40 per cent to the price range of its mega IPO. 

LIC investors have lost nearly Rs 2.5 lakh crore in wealth since the mega IPO given the insurer's market capitalisation of Rs 3.59 lakh crore, as of May 17.

Here are some of the key highlights as LIC turns one on Dalal Street: 

LIC VNB margin increased

LIC’s profit grew substantially

LIC’s Mcap/EV down from 1.1 to 0.7

LIC’s steady growth in Non-PAR segment

What brokerages make of LIC shares

Most analysts are upbeat on LIC shares, mainly on the company's strong growth outlook.

TradeSwift Director Sandeep Jain believes LIC shares look good on the technical charts and have the potential to rise.

Jain sees LIC shares touching a high at Rs 1,100-odd levels in the long term. However, he adds that overhangs such as privatisation fears may affect the growth of the stock.

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