News > LIC Risks Listing Lower On Stock Exchanges Tomorrow

LIC Risks Listing Lower On Stock Exchanges Tomorrow

CNBC TV18 | 16/05/2022 03:38 PM | Click to read full article

The Life Insurance Corporation's (LIC) record ₹ 21,000 crore initial public offering (IPO) received tremendous demand; however, the insurance behemoth risks listing its shares at a lower price on stocks exchanges on Tuesday.

The premium for LIC shares in the grey market has fallen nearly 70 per cent since the IPO opened for subscription on May 9, underscoring sentiment that the risks are tilted toward lower listing on stock exchanges.