LIC Shares Down Trend Continues

Huge Loss for Investors who invested during IPO.

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Stock is now about 25% down from its IPO issue price of ₹949, slipping to Rs 723.

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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.

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Market capitalisation of ₹6 Lakh crore and has now fallen to ₹4 Lakh crore.

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LIC share price has fallen sharply since its listing on the stock exchange on May 17, 2022.

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LIC shares were allotted to the investors at a price of Rs. ₹949

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The government-run LIC is by far the largest insurer in India.

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