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Shares of much-anticipated <keyword id="6368369" type="General" weightage="50" keywordseo="life-insurance-corporation-of-india" source="Orion">Life Insurance Corporation of India</keyword> (<keyword id="6367143" type="General" weightage="100" keywordseo="lic" source="Orion">LIC</keyword>) made a weak listing on the stock exchanges on Tuesday. The Indian insurance major listed on the stock exchanges at a discount of over 8 per cent at Rs 867, as against its issue price of Rs 949. Here's what some of the analysts have to say about post the listing: <keyword id="9307803" type="General" weightage="50" keywordseo="shivam-bajaj" source="Orion">Shivam Bajaj</keyword>, Founder and CEO at Avener Capital "Despite the reduction in the pre-IPO valuation of LIC, the scrip has still listed at a discount on the bourses which is in tandem with the diminution in insurance companies' valuation and softness in the markets due to macro-economic constraints." However, he feels given the attractive fundamentals, stability in operating metrics and expected recovery in the markets, the scrip can potentially see some buying interest from investors. <keyword id="224336" type="General" weightage="50" keywordseo="vinod-nair" source="Orion">Vinod Nair</keyword>, Head of Research at Geojit Financial Services "The subdued listing of LIC is in-line with expectations in context to the drop in market dynamics from the opening of the IPO to the listing date. The listing price has fallen in tandem with the fall of insurance sector valuations, maintaining the discount of about 70 per cent to the industry's average." Positively, the stock was bought at the dip. Nair believes that LIC is a decent investment opportunity in the short to medium-term considering its strong market presence, improvement in future profitability due to the changes in surplus distribution norms, and strong sector growth outlook. "LIC can perform well when we have a bounce in the market and positive performance in the insurance sector," he added. Mohit Nigam, Head - PMS at Hem Securities "As observed, the majority of big IPOs have not given strong listing debut gains. Considering previous trends, LIC has continued to take the same path with listing at a discount." "We believe that personal savings and awareness regarding insurance will increase enabling the sector to outperform in the long run and will indirectly benefit LIC as it is the market leader in this sector." Nigam recommended long term investors to hold the scrip, while short-term investors can wait to enter at a lower price. Parth Nyati, Founder of Tradingo The company's weak listing can be attributed to high volatility in the markets and negative market sentiments. "The company is synonymous with insurance in <keyword id="3658" type="General" weightage="50" keywordseo="india" source="Orion">India</keyword> and enjoys a phenomenal brand recall. We believe India's highly underpenetrated life insurance space is still at a nascent stage and is attractively positioned to capture the huge growth opportunity." "Those who applied for listing gains can maintain a stop loss of Rs. 800. New investors can take advantage of the dips to accumulate this share for the long term. We would like to add that the company's further downside will be limited due to low float post listing," Nyati said. To put things in perspective, the <keyword id="35216" type="General" weightage="50" keywordseo="initial-public-offering" source="Orion">initial public offering</keyword> of the company, however, received robust response from investors as the insurance major's offer has been subscribed 2.89 times. It received bids for 46.77 crore equity shares against IPO size of 16.2 crore equity shares. The portion set aside for policyholders has been subscribed 5.97 times, employees bid 4.31 times the allotted quota and retail investors 1.94 times, while the reserved portion of qualified institutional buyers has booked 2.83 times and that of non-institutional investors 2.8 times. The long-awaited Initial Public Offering (IPO) for the LIC was open for subscription till May 9. Though the government had brought down the issue size from 5 per cent to 3.5 per cent, to Rs 21,000 crore, it was a landmark public issue in the history of the Indian capital market and India's biggest IPO till date. The IPO valued LIC at Rs 6 lakh crore. The issue offer of the LIC was in the price band of Rs 902 to Rs 949. Also, the policyholders were offered a Rs 60 discount, while for retail investors, the discount was at Rs 45. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/indias-wholesale-inflation-rises-further-to-15-08-in-april-from-14-55-a-month-ago/articleshow/91614591.cms">India's wholesale inflation rises further to 15.08% in April from 14.55% a month ago</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/there-is-a-strong-case-to-go-long-on-lic-say-analysts-and-macroeconomic-indicators/articleshow/91615346.cms">There is a strong case to go long on LIC say analysts and macroeconomic indicators</a>

LIC makes a weak debut on exchanges today: Here is what analysts have to say

<ul><li>The startup aims to accelerate the development and adoption of AI in clinical settings. </li><li>The funding will be used to expand specialized tooling, increase hiring for engineering roles in its <keyword id="3658" type="General" weightage="50" keywordseo="india" source="Orion">India</keyword> office and grow its customer base. </li><li>Medical imagery comprises about 90% of all healthcare data.</li></ul>Health-tech AI platform <a href="https://www.redbrickai.com/">RedBrick AI</a> said that it raised $4.6 million in seed funding, on Wednesday. The round was led by Sequoia India and Southeast Asia’s Surge, with participation from Y Combinator and angel investors. Launched in 2021, the startup aims to accelerate the development and adoption of AI in clinical settings through data annotation on medical imagery. “AI systems can dramatically shorten the time to diagnosis, improve clinician productivity by triaging high-importance cases, and act as the first line of defence in under-staffed clinical environments,” <keyword id="15598161" type="General" weightage="80" keywordseo="redbrick-ai" source="Orion">RedBrick AI</keyword> said in a statement. The funds will be used to expand specialized tooling, increase hiring for engineering roles in its India office, and grow its customer base. “With the rapid growth of artificial intelligence in clinical settings, researchers need excellent tools to build high-quality datasets and models at scale. Our customers are in the vanguard of this growth, pioneering everything from surgical robots to automated detection of cancers,” <keyword id="8464025" type="General" weightage="100" keywordseo="redbrick" source="Orion">RedBrick</keyword> AI CEO and co-founder <keyword id="219201" type="General" weightage="80" keywordseo="shivam" source="Orion">Shivam</keyword> Sharma said. While data annotation makes it easy for machines to comprehend medical data, medical imagery is an essential source of truth in clinical diagnosis and comprises about 90% of all healthcare data, the startup said in a press release. RedBrick stated that it aims to solve the first key challenge to healthcare AI adoption – providing clinicians with high-quality data annotation tools that accelerate the preparation of training datasets. It also offers semi-automated tools to annotate complex 3D medical images. In 2021 alone, the US Food and Drug Administration (FDA) approved 115 AI algorithms for use in medical environments, an 83% increase from 2018, the startup said in a press release. RedBrick AI was launched by CEO and co-founder Shivam Sharma, and CTO and co-founder <keyword id="356914" type="General" weightage="50" keywordseo="derek" source="Orion">Derek</keyword> Lukacs. Both Shivam and Derek previously worked on SpaceX’s Hyperloop technology and participated in the SpaceX Hyperloop Pod Competition. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/paytm-payments-bank-supports-upi-market-cap-maintains-leadership-as-psp-issuer-bank/articleshow/95714551.cms">Paytm Payments Bank supports UPI market cap, maintains leadership as PSP &amp; Issuer Bank</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/mukesh-ambanis-jio-financial-services-deep-pockets-and-wide-reach-to-challenge-the-likes-of-paytm-bajaj-finance/articleshow/95714425.cms">Mukesh Ambani’s Jio Financial Services’ deep pockets and wide reach to challenge the likes of Paytm, Bajaj Finance</a>

RedBrick AI raises $4.6 million seed funding from Sequoia India, others

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LIC makes a weak debut on exchanges today: Here is what analysts have to say

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RedBrick AI raises $4.6 million seed funding from Sequoia India, others

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