LIC listing today

Life Insurance Corporation of India will make its debut on the stock markets on Tuesday, March 17, after a long-awaited initial public offering (IPO) that attracted overwhelming investor response and raised Rs.21,000 crore for the government.

The listing comes at a time when the stock markets are volatile amid accelerating inflation and rising interest rates. With shares in the state-owned giant in the demat accounts of successful bidders, investors face the question of what do with the stock – whether to exit at the time of listing if it lists at a premium, hold it for the short terms or treat it as a long-term investment.

Market experts are expecting a tepid listing for LIC because of the current upheaval in global equity markets, blamed on Russia's February 24 invasion of neighboring Ukraine, supply-chain disruptions caused by the war, and interest rate increases by the US Federal Reserve and other central banks that have ended years of easy money.