LIC IPO Listing: Life Insurance Corporation (LIC) lists on the BSE at Rs 867.20 per share, a discount of Rs 8.62 per cent from its initial public offering (IPO) allotment price of Rs 949.
The shares of insurance sector giant Life Insurance Corporation of India (LIC) debuted on the stock exchanges on a weak note on Tuesday. This led to the bombardment of hilarious memes and jokes on the social media platforms. Take a look!
LIC dominates India's insurance sector. The 66-year-old company was the fifth-biggest global insurer in terms of insurance premium collection in 2020. Even after that, shares got listed at a discount price.
LIC IPO Listing: Life Insurance Corporation of India's (LIC) widely anticipated listing turned lacklustre, with its shares losing 7.75 per cent from its allotment price on its market debut.
The Life Insurance Corporation's (LIC) record Rs 21,000 crore initial public offering (IPO) received tremendous demand; however, the insurance behemoth risks listing its shares at a lower price on stocks exchanges on Tuesday.