LIC Shares Down Trend Continues
Huge Loss for Investors who invested during IPO.
Stock is now about 25% down from its IPO issue price of ₹949, slipping to Rs 723.
Even policyholders and retailers, who were given a discount of Rs 60 and Rs 45, respectively, over the IPO price are sitting at a loss of up to 20 per cent.
Market capitalisation of ₹6 Lakh crore and has now fallen to ₹4 Lakh crore.
LIC share price has fallen sharply since its listing on the stock exchange on May 17, 2022.
LIC shares were allotted to the investors at a price of Rs. ₹949
The government-run LIC is by far the largest insurer in India.