Life Insurance Corporation of India Share Price

NSE Raises ₹6,746 Crore Ahead of Mega IPO

The National Stock Exchange of India (NSE) has raised ₹6,746.18 crore from anchor investors ahead of its much-awaited initial public offering (IPO), attracting participation from several prominent domestic and global institutional investors. NSE allocated 3.78 crore equity shares at ₹1,785 per share, the upper end of its IPO price band. The anchor allocation saw participation from marquee investors including Life Insurance Corporation of India (LIC), Goldman Sachs, Fidelity, Government Pension Fund Global, Monetary Authority of Singapore, Abu Dhabi Investment Authority and Morgan Stanley, among others.

emerged as the largest individual anchor investor, receiving 22.43 lakh shares worth approximately ₹400.30 crore. Foreign portfolio investors accounted for around ₹2,883 crore, or nearly 43% of the anchor book, while domestic mutual funds, insurance companies and pension funds also participated substantially. According to market sources, demand for the anchor allocation was close to ₹1.2 lakh crore, roughly 20 times the shares available in the anchor book. The NSE IPO is scheduled to open for public subscription on September 17, 2026, with a price band of ₹1,700–₹1,785 per share. The issue is structured as an offer for sale (OFS), meaning the proceeds will accrue to existing shareholders rather than NSE itself. The strong institutional participation comes as NSE prepares for its long-awaited public-market debut after years of regulatory and other delays.

See More

LIC Growth Outlook: Margin Expansion & Product Mix Shift

is actively shifting its focus from traditional participating (par) endowment products toward high-margin non-par savings and protection policies. Individual non-par business grew to 32.5% of total individual annualized premium equivalent (APE) in Q1 FY27—up significantly from 9% in FY23—with management targeting around 35%. Supported by higher contribution from non-par products (which carry ~49.3% Value of New Business margin), LIC’s total VNB margin expanded by 750 basis points year-over-year to 22.9% in Q1 FY27. Management projects further gains into the mid-20s, aided by higher ticket sizes after increasing minimum sum assured requirements. LIC recorded solid top-line performance with an 8% YoY increase in APE for Q1 FY27. New Business Premium grew 45.3% YoY in August 2026, significantly outperforming private peers (20%), while individual APE registered 12.8% YoY growth during the same period. The company relies heavily on its vast distribution reach, boasting over 14 lakh agents responsible for more than 90% of individual new business premiums. Digital tools like Ananda, MyLIC, and Super Sales Saathi are driving productivity gains, alongside expanded cross-selling efforts into protection and annuity via bancassurance. The government completed a 6.5% stake sale via an offer for sale, lifting public shareholding to 10% and signaling no further supply overhang for 2–3 years. Trading at 0.6x March 2026 Embedded Value (EV) with a healthy solvency ratio of 2.42x, LIC presents scope for valuation re-rating as equity market gains support EV recovery.

See More

📊 NSE IPO: LIC Could Lead the Anchor Investor Line-Up

(LIC) may emerge as the largest anchor investor in the upcoming National Stock Exchange (NSE) IPO, although discussions are ongoing and final allocations are yet to be confirmed. Norges Bank could receive the next-largest allocation, while global investors such as ADIA, Carmignac, Lunate, GIC and Fidelity are also reportedly considering sizeable participation. The institutional anchor book opens on 16 September 2026, followed by the public issue from 17 to 21 September 2026. 📌 KEY DETAILS 🔹 Price Band: ₹1,700–₹1,785 per share 🔹 Anchor Book: 16 September 2026 🔹 Public Issue: 17–21 September 2026 🔹 Issue Size: ₹22,561.5 crore 📌 Nivesh Research Insight: Strong institutional participation could increase investor interest in the NSE IPO. However, investors should carefully assess valuation, pricing, demand, business fundamentals and regulatory factors before making an investment decision. #NiveshResearch #NSE #NSEIPO #IPO2026 #LIC #StockMarket #IndianStockMarket #IPO #CapitalMarkets #Investing

See More

📊 NSE IPO: LIC May Lead Anchor Investor Line-Up

(LIC) could emerge as the largest investor in the anchor book of the upcoming National Stock Exchange (NSE) IPO, although discussions are still underway and final allocations have not been confirmed. Norges Bank is reportedly being considered for the second-largest allocation, while global investors including ADIA, Carmignac, Lunate, GIC and Fidelity may also participate with sizeable investments. The anchor book for institutional investors is scheduled to open on 16 September 2026, ahead of the public issue, which will run from 17–21 September 2026. 📌 KEY DETAILS 🔹 IPO Price Band: ₹1,700–₹1,785 per share 🔹 Anchor Book: 16 September 2026 🔹 Public Issue: 17–21 September 2026 🔹 Expected Fundraise: ₹22,561.5 crore 📌 Capital Investo Research Insight: Strong institutional interest could support investor sentiment toward the NSE IPO. However, investors should assess valuation, pricing, demand, business fundamentals and regulatory factors before making an investment decision. #CapitalInvestoResearch #NSE #NSEIPO #IPO2026 #LIC #StockMarket #IndianStockMarket #IPO #CapitalMarkets #Investing

See More

PROXY BENEFICIARY---> WHO BENEFITS FROM NSE IPO?

The NSE IPO is finally moving closer, but before NSE enters the stock market, one question is worth asking: Who actually owns India's largest stock exchange? The ownership structure is far more interesting than it looks. @@

Is One of the Biggest Shareholders LIC holds around 10.72% of NSE, making it the largest single institutional shareholder. That means one of India's biggest financial institutions has a significant stake in India's largest exchange. @@Foreign Investors Also Have a Major Presence Foreign institutions and strategic investors are among the important shareholders of NSE. @@SBI & SBI Capital Also Own NSE Two important names from the SBI ecosystem appear among NSE's shareholders: • State Bank of India — ~3.23% • SBI Capital Markets — ~4.33% @@Other Major Shareholders The ownership structure also includes: • Stock Holding Corporation of India • GIC Re • Alternative Investment Funds • HNIs • Retail investors • Other institutional investors Interestingly, prominent market investor Radhakishan Damani is also among NSE's shareholders according to its DRHP-related disclosures. ------>Bottom Line LIC, SBI, foreign investors, institutions, HNIs and market veterans — NSE has a remarkably diverse ownership structure. With the IPO now receiving final regulatory approval, the spotlight is shifting from: “Who owns NSE?” to “At what valuation will the market finally own NSE

See More

LIC Gets RBI Approval to Acquire Up to 9.99% of ICICI Bank

Life Insurance Corporation of India (LIC) has received approval from the Reserve Bank of India to acquire an aggregate holding of up to 9.99% of the paid-up share capital or voting rights in ICICI Bank. The approval is subject to applicable statutory and regulatory conditions and must be utilised within one year from the date of the RBI’s approval letter. As of June 30, 2026, LIC held approximately 4.35% of ICICI Bank. The approval therefore provides the insurer with flexibility to increase its holding, although it does not confirm that LIC will immediately purchase the full permitted stake. The development could support ICICI Bank’s institutional shareholder base and reflects LIC’s continued exposure to major private-sector lenders. For LIC, the approval provides additional flexibility in managing its long-term investment portfolio. However, investors should distinguish between regulatory permission and an actual acquisition. The financial impact will depend on LIC’s eventual purchases, the price at which shares are acquired and any subsequent changes in the bank’s shareholding pattern. Overall, the development is strategically relevant, but it should not be treated as confirmation of an immediate 9.99% stake purchase.

See More