Gallery
- PM Modi visit USAOnly the mirror in my washroom and phone gallery see the crazy me : Sara KhanKarnataka rain fury: Photos of flooded streets, uprooted treesCannes 2022: Deepika Padukone stuns at the French Riviera in Sabyasachi outfitRanbir Kapoor And Alia Bhatt's Wedding Pics - Sealed With A KissOscars 2022: Every Academy Award WinnerShane Warne (1969-2022): Australian cricket legend's life in picturesPhotos: What Russia's invasion of Ukraine looks like on the groundLata Mangeshkar (1929-2022): A pictorial tribute to the 'Nightingale of India'PM Modi unveils 216-feet tall Statue of Equality in Hyderabad (PHOTOS)
The 18-year-old, Chirag Chikkara clinched a gold medal in the men’s freestyle 57kg categ
- FIFA president Infantino confirms at least 9 African teams for the 2026 World Cup
- Hockey, cricket, wrestling, badminton, squash axed from 2026 CWG in Glasgow
- FIFA : Over 100 female footballers urge FIFA to reconsider partnership with Saudi oil giant
- Ecuador ready to make history against Uruguay: Beccacece
- Divanshi wins second gold as India sweep women's 25m standard pistol at Lima Junior Worlds
LIC, India's biggest IPO, lists at over 8% discount in tepid debut Last Updated : 17 May 2022 11:15:03 AM IST Shares of the much-awaited Life Insurance Corporation of India (LIC) made a weak listing on the stock exchanges on Tuesday.
The Indian insurance major listed on the stock exchanges at a discount of 8.62 per cent at Rs 867, from its Initial Public Offering (IPO) issue price of Rs 949.The initial public offering of LIC had, however, received robust response from investors as the insurance major's offer has been subscribed 2.89 times.It received bids for 46.77 crore equity shares against IPO size of 16.2 crore equity shares.The portion set aside for policyholders has been subscribed 5.97 times, employees bid 4.31 times the allotted quota and retail investors 1.94 times, while the reserved portion of qualified institutional buyers has booked 2.83 times and that of non-institutional investors 2.8 times.The long-awaited IPO for the LIC was open for subscription till May 9.The government has brought down the issue size from 5 per cent to 3.5 per cent -- Rs 21,000 crore.It will be a landmark public issue in the history of the Indian capital market and is poised to be India's biggest IPO till date.The IPO values LIC at Rs 6 lakh crore.The issue offer of the LIC was in the price band of Rs 902 to Rs 949.Also, the policyholders were offered a Rs 60 discount, while for retail investors, the discount was at Rs 45IANS New Delhi For Latest Updates Please-
Join us on
Follow us on
172.31.16.186