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.
May 18, 2022, 09:45 AM IST
LIC listing wipes out Rs 42500 cr from investor wealth, Twitterati having a 'hearty laugh'
Several Twitter users took to the microblogging site, sharing memes on LIC's poor stock market debut. While some made sarcastic remarks on the poor opening of LIC shares, others shared posts that were outright funny.
May 17, 2022, 15:45 PM IST
LIC stock market listing fails to cheer investors, market cap down by Rs 42,500 crore
At the issue price of Rs 949, the market capitalisation of Life Insurance Corporation (LIC) of India stood at Rs 6,00,242 crore.
May 17, 2022, 15:08 PM IST
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.
May 17, 2022, 10:24 AM IST
