LIC shares plumb all-time low as lock-in period for anchor investors ends
Updated: 13 Jun 2022, 04:01 PM IST
- 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 ₹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