LIC Shares were listed on NSE, BSE at nearly 9% discount today on May 17, 2022.

The portion reserved for policyholders was subscribed 6.12 times, followed by 4.4 times bidding for employee quota.

The bids subscription figure stood at 1.99 times, 2.91 times and 2.83 times respectively.  

The retail investors and eligible employees were given a discount of Rs 45 per equity share

and a discount of Rs 60 per share was given to policyholders. 

BSE India listing ceremony of Life Insurance Corporation of at BSE happening today.

LIC shares losses narrowed post listing as the counter was trading above Rs 900 around 10.35 am.

The shares were trading at Rs 902.00 per share

Up Rs 34.80 or 4.01% on the listing price

And at discount of Rs 47.00 or 4.95% against issue price.