India’s LIC shares set to slide in market debut after record IPO By Reuters

© Reuters. FILE PHOTO: A man cleans a hoarding of Life Insurance Corporation of India (LIC) before the start of a news conference about the LIC initial public offering (IPO) launch, in Kolkata, India, April 29, 2022. REUTERS/Rupak De Chowdhuri

MUMBAI (Reuters) – Shares in state-owned Life Insurance Corp of India (LIC) were on track to debut at an 8% discount to their IPO price on Tuesday. LIC shares were trading at 872 rupees in pre-open trade compared to the offer price of 949 rupees.

Source: Investopedia