"Doobey": LIC IPO's Tepid Debut Triggers Meme Fest On Twitter
NDTV
LIC IPO Listing: The IPO was delayed from March due to market volatility and cut back by a third of the original target plan.
Life Insurance Corporation (LIC) on Tuesday made stock market debut at Rs 865 per share, around nine per cent lower than the issue price of Rs 949 apiece. #licipolistingLic IPO ????????♂️ pic.twitter.com/MWt7uU3J9m Mentally preparing my self ahead of LIC IPO listing #LICIPOpic.twitter.com/8AZ7WRSjWN Buying an #LIC policy for #LIC ????????#licipoallotment#licipolisting#LICIPO First ipo lic with awful listing
At the Bombay Stock Exchange (BSE), trading in LIC shares started at Rs 867.20. Shortly after 11am, it was trading at Rs 881.75 at the BSE.
The selling pressure in the domestic markets and volatility on the global level also cast a shadow on the listing of India's biggest IPO.
The IPO saw enthusiastic participation from small investors and was oversubscribed nearly three times during the six-day application period. So, there was hope that the listing will lift the sentiments in the stock markets.
