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.
Life Insurance Corp is likely to see a lacklustre debut when it lists on Indian stock exchanges on Tuesday despite the $2.7 billion initial public offering being oversubscribed, analysts said.
LIC listing: Soon after this became viral, netizens did what they do best share the choicest memes. From reminiscing about Paresh Rawal and Akshay Kumar-starrer comedy Hera Pheri to Prabhas and Pooja Hedge-starrer romantic drama Radhe Shyam, here’s how the Internet reacted to LIC’s tepid listing: