scorecardresearchLIC shares plumb all-time low as lock-in period for anchor investors ends

LIC shares plumb all-time low as lock-in period for anchor investors ends

Updated: 13 Jun 2022, 04:01 PM IST
TL;DR.
  • The stock of LIC made a dull debut on the bourses on May 17 as it listed at around an 8 percent discount from its upper price band of 949 per equity share. It listed on NSE at 872 apiece levels whereas it debuted on BSE at 867 per share.
LIC's IPO received bids of over nearly  <span class='webrupee'>₹</span>44,000 crore and over 70 lakh applications, the highest for an IPO in India. The offer was subscribed a total of 2.95 times. Photo: Reuters

LIC's IPO received bids of over nearly 44,000 crore and over 70 lakh applications, the highest for an IPO in India. The offer was subscribed a total of 2.95 times. Photo: Reuters