LIC listed at 9% discount in the market, investors get a shock on very first day - Government sold over 22.13 crore shares or 3.5% stake in LIC through IPO, a third of its original target plan. This was down from 5% earlier discussed
LIC IPO opens; India s largest insurance company offers discount to policyholders, employees - LIC IPO: LIC was to release an IPO of 5% but due to the market conditions, it cut the size of the public offering to 3.5%.