LIC listing updates -LIC recoups some loses, trades at Rs 898.95/share, a discount of 5% over issue price

LIC unlisted shares were trading at Rs 934 a piece on Saturday (May 14), a discount of Rs 15 to the upper limit of the IPO price band

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LIC settles at Rs 872 per share in pre-open on NSE against issue price of Rs 949 per share

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Life Insurance Corporation lists at Rs 865 per share against issue price of Rs 949 per share, a discount of 9%

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LIC shares to get listed today, retail investors who have to receive the allotment can hold list for short term to medium term.

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LIC is the country’s oldest and largest life insurance firm.

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It was formed by merging and nationalising 245 private life insurance companies on September 1, 1956, with an initial capital of Rs 5 crore.

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LIC was trading at Rs 900, down Rs 49, or 5.16 percent at 10:35 hours.

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It has touched an intraday high of Rs 920 and an intraday low of Rs 860.10.

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Brokerage firm Macquarie has initiated coverage on LIC with a ‘neutral’ rating with a target of Rs 1,000 per share.

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India's largest ever initial share sale, was open for subscription between May 4 and May 9. It was subscribed nearly 3 times,

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