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.
Macquarie added that inherent volatility in Embedded Value is another big challenge given a substantial portion of EV constitutes marked-to-market unrealised equity gains.
LIC had fixed the issue price of its shares at Rs 949 apiece after a successful initial public offering, which fetched Rs 20,557 crore to the government.
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.