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."
LIC IPO Listing: Life Insurance Corporation's (LIC) much-awaited initial public offering (IPO), India's biggest-ever listing, turned into a dull affair. The insurance company's shares were about 0.9% higher from their lacklustre debut close.
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.
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.