ife Insurance Corporation's (LIC) much-awaited initial public offering (IPO), India's biggest-ever listing, turned into a dull affair. The insurance company's shares were about 0.9% higher from their lacklustre debut close. LIC shares closed almost flat at ₹ 876.25 per share after ending at ₹ 875.45 on the BSE. The state-owned insurance giant LIC's shares closed nearly 8 per cent from its allotment price of ₹ 949 on its market debut on Tuesday. In this episode of the Business Tit-Bits, our Business Editor Mr Akhilesh Bhargava shares his take on the matter.
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