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LIC IPO disappointment after 2022 listing leaves shares down sharply

Life Insurance Corporation of India (LIC) logoLife Insurance Corporation of India (LIC)
Sig1.65Sen-4.20Env0.00Soc0.00Gov0.00

LIC’s 2022 IPO was a landmark for India, with the government selling a 3.5% stake that raised about ₹20,557 crore. Despite LIC remaining highly profitable and dominant by market share and premiums, its share price had fallen to nearly ₹530 by March 2023, about 44% below the IPO price, as investors questioned the valuation.

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