LIC listings on the BSE at 867.20 per share, a discount rate of 8.62 per cent from its IPO allocation cost of 949.

Life Insurance Firm (LIC) listings on the BSE at 867.20 per share, a price cut of 8.62 percent, or 81.80, from its going public (IPO) allocation rate of 949.

On the NSE, the insurance coverage behemoth’s listing rate was 872, showing a discount of 8.11 per cent from issue rate of 949 per share.

Reuters reported, LIC shares were on track to launching at an 8 percent discount to their IPO rate on Tuesday.

Indian equity standards increased for a second successive session on Tuesday, with investors focused on the market debut of state-owned Life insurance policy Corp, while the rupee weakened to an all-time low.

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Resources: NDTV

Last Updated: 17 May 2022