Life Insurance Corporation of India (LIC) has emerged as one of the biggest wealth destroyers among Asia s initial public offerings in 2022. LIC IPO, which was India s biggest ever IPO after Paytm (2021) and Coal India (2010), is now at the second spot in terms of loss in market cap since listing. I
The LIC share price on BSE was Rs 678, down by 4.47 per cent or 31.70 points. On the NSE, the LIC share price was Rs 678, 4.47 per cent or 31.70 points.
Life Insurance Corporation's public offer started with widespread fanfare, but apart from a euphoric subscription, it has all been downhill for the insurance behemoth. India's biggest initial public offering (IPO) received an overwhelming response with its issue oversubscribed nearly three times, which has turned out to be the only bright spot in the so-called phase termed "LIC 2.0."