17 May 2022, 11:00 AM ISTSource: et now
LIC finally made its debut after a record breaking IPO of Rs 949 last week. LIC fell at least 6% on listing. LIC shares opened with a discount of 8.6 per cent to Rs 867 on the BSE, slightly lower than the discounted price at which the shares were offered to policyholders and retail investors. LIC, however, recovered some of its losses and was trading at Rs 900. LIC’s weak listing can be attributed to volatile market conditions and negative market sentiments.