Flop listing of LIC IPO:

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LIC shares got listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on Tuesday, 17th May 2022.

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LIC's stock has disappointed investors on the very first day of listing. Because the listing of LIC shares was a flop.

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Shares of LIC are listed on Bombay Stock Exchange (BSE) at a discount of Rs 81.80 i.e. 8.62% at Rs 867.20 per share.

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LIC shares on NSE are listed at Rs 872, down 8.11%. LIC shares listed on NSE at a discount of Rs 77.

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Shortly after the listing, there was a slight recovery in the shares of LI. LIC shares were trading 4.36% down at Rs 907.60 on BSE.

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Recovery was also seen on NSE. After 10 minutes of listing, LIC shares are trading at Rs 904.25, down 4.72%.

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At the end of the stock market on the first day, the shares of LIC closed at 873 on NSE. Which is a big setback for investors.

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Life Insurance Corporation of India: Open: 872.00 High: 918.95 Low: 860.00 52-wk high: 918.95 52-wk low: 860.00

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Let us tell you that LIC's IPO closed on 9 May and its shares were allotted to the bidders on 12 May.

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