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Four key facts about India's record LIC IPO as shares tumble on debut

The listing comes as India`s IPO market is slowing, with first-quarter proceeds raised through India`s primary markets worth $995 million via the three largest IPOs compared with $2.57 billion a year earlier. ....

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LIC stock market listing today, May 17: Analysts expect lacklustre market debut | Markets News

India priced LIC`s record-breaking IPO last week at 949 Indian rupees ($12.20), the top of the indicated range. The government has raised around $2.7 billion from selling a 3.5% stake in LIC, the country`s top insurer, which is state owned. ....

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LIC lists at 8.11% discount at Rs 872 per share on NSE

On the BSE, the shares got listed at Rs 867.20 apiece, down 8.62 per cent over the issue price of Rs 949 a share. ....

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