. .
Google search engine

LIC IPO Listing: LIC shares listed in the stock market with discount, investors got a shock on the very first day

Investors have been disappointed on the first day of listing of LIC IPO. The company’s shares are listed on the BSE at a discount of Rs 81.80, ie 8.62 percent, at Rs 867.20. Whereas, the shares on the NSE are listed at Rs 872, down 8.11 per cent.

The shares of the country’s largest insurance company LIC got listed on the stock market on Tuesday. As expected, the company’s shares were listed at a discount and investors were disappointed on the first day of listing. LIC shares are listed on BSE at a discount of Rs 81.80, or 8.62 per cent, at Rs 867.20. Whereas, the shares are listed on NSE with a fall at Rs 872.

Earlier, LIC’s shares had broken up to 12 per cent in the pre-market. The shares of the insurance company were trading at Rs 830 with a loss of 12.54 per cent on the BSE. However, these improved as the time of listing approached. By 9.30 am, the fall in the stock had reduced to 6.69 percent and its price had reached Rs 885.55. Speaking on the occasion, Tuhin Kant Pandey, Secretary, Department of Investment and Public Asset Management, said that the listing of LIC IPO in the stock market is an important moment. LIC’s IPO is in line with PM’s vision. He said that India is one of the most important emerging markets and it will be one of the fastest growing economies in this decade.

The LIC IPO bidding took place between May 4 and 9. LIC IPO was subscribed 2.94 times during this period. Explain that the government has sold 3.5 percent stake in its wholly owned LIC through IPO. This IPO got a tremendous response from all the investors except foreign investors. According to the report, the government has raised around Rs 20,500 crore through IPO. Its shares were priced at Rs 902-949 per share.

CAG report exposed forgery:...

The annual report of the CAG was presented in...

Punjab-Haryana High Court’s decision:...

The court said that there is no such provision...

Punjab Budget Session: No...

Since the implementation of the Sixth Pay Commission in...

Alleged bus scam allegation:...

Amarinder Singh Raja Vading, who was the Transport Minister...

Budget session: Lakhs were...

The issue of recruitment of teachers under the Education...

Big Action: Senior IAS...

Vigilance claimed that Popli was demanding the balance Rs...

CAG report exposed forgery: In Punjab, even the dead continued to take old age pension for three years, men also benefited in the scheme...

The annual report of the CAG was presented in the House on Wednesday, the fifth day of the budget session of the Punjab Legislative...

Punjab-Haryana High Court’s decision: The child in the womb cannot be adopted, the child should be handed over to the parents

The court said that there is no such provision in the Hindu Adoption Act, under which a child in the womb can be adopted. The...

Punjab Budget Session: No arrears to employees in Punjab yet, Finance Minister said during Question Hour – it is not possible to fix the...

Since the implementation of the Sixth Pay Commission in 2016, the installments of arrears and dearness allowance are pending with the state government, for...

Alleged bus scam allegation: SAD demands CBI inquiry, Vading said – ready for investigation, all allegations baseless

Amarinder Singh Raja Vading, who was the Transport Minister during the previous Congress government, has been accused of scam of crores for getting the...

Budget session: Lakhs were spent on the construction of study center without permission, the minister admitted that the rules were violated, said- investigation of...

The issue of recruitment of teachers under the Education Department also resonated in the House during the Question Hour. MLA Charanjit Singh wanted to know...

Big Action: Senior IAS officer Sanjay Popli arrested in Punjab, including secretary, accused of demanding one percent commission from contractor

Vigilance claimed that Popli was demanding the balance Rs 3.5 lakh from the contractor. The complainant recorded the phone call and lodged a complaint on...

Punjab Budget: Will the Mann government be able to fulfill its promise? This big announcement was made for women before the election

Finance department sources say that some fund allocation to promote startups for youth has also been kept under consideration in the budget. The Aam Aadmi...

Bharat Bandh: Punjab Police instructed to be on high alert, security tightened all over, some organizations called for Bharat Bandh today

Police personnel are deployed in all the cities of the state including Ludhiana. Security at railway stations is very strict. The police is keeping an eye...

Center VS Punjab: Bhagwant Mann came out in protest against Agneepath plan, announced to bring a resolution in the assembly, leaving the BJP with...

The government will also get the support of the main opposition party Congress regarding the Agneepath scheme in the Punjab Assembly session. Leader of Opposition...
English Hindi Punjabi Urdu