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LIC listing: After discounted debut, Macquarie sets Rs 1,000 as target

LIC listing: The debut was below expectations, and also lower than the discounted value at which shares were offered to policyholders (Rs 60 per share) and retail investors (Rs 45 per share)

Topics
LIC IPO | Life Insurance Corporation | Markets

Nikita Vashisht  |  New Delhi 

LIC listing: After discounted listing, Macquarie sets Rs 1,000 as target

Investors, including policyholders and retail participants, lost funds worth Rs 47,000 crore in of India’s (LIC’s) as the insurance behemoth’s market capitalization stood at Rs 5.53 trillion at the end of the trading session against IPO valuation of Rs 6 trillion.

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First Published: Tue, May 17 2022. 10:23 IST
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