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Several Twitter users took to the microblogging site, sharing memes on LIC's poor stock market debut. While some made sarcastic remarks on the poor opening of LIC shares, others shared posts that were outright funny.
The Life Insurance Corporation's (LIC) record Rs 21,000 crore initial public offering (IPO) received tremendous demand; however, the insurance behemoth risks listing its shares at a lower price on stocks exchanges on Tuesday.
LIC, the country’s largest insurer, will get listed this week after positive vibes from the initial public offering. The minutes of the RBI’s unexpected meeting earlier this month will be released. The French Open will get under way this week. Here’s what to watch out for.
LIC IPO: The Life Insurance Corporation (LIC) will list its shares on stocks exchanges on May 17, roughly a week after its initial public offering (IPO) closes on May 9.
Government is open to reviewing plans for the initial public offering of Life Insurance Corporation of India