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LIC Share Price: LIC’s inventory is making a brand new document of decline on daily basis and its destiny can be turning into much like that of Paytm. Today on June 17, 2022, the inventory of LIC fell to a low of Rs 651. However, on the finish of the day’s buying and selling, the inventory closed at 654.55. The market capitalization of LIC’s inventory has come right down to Rs 4.14 lakh crore.
Shares fell 31% under IPO worth
LIC’s inventory has come down about 31 p.c from its IPO worth. LIC’s IPO got here at Rs 949 per share. But now the inventory has come right down to Rs 654. That is, Rs 295 under the IPO worth. The market cap of LIC was Rs 6 lakh crore in line with the IPO worth, which has come right down to Rs 4.14 lakh crore. That is, there was a dent of Rs 1.86 lakh crore available in the market capitalization of LIC.
How far will LIC fall?
LIC’s inventory continues to say no since its itemizing on the inventory trade. Due to which the priority of traders investing in IPO, particularly retail traders has elevated. For anchor traders, the draw back is rising after the tip of the lock-in interval. Anchor traders who’ve invested in LIC’s IPO are incurring enormous losses on their investments. According to knowledge compiled by Bloomberg, LIC’s IPO ranks second in Asia when it comes to discount in market capitalization since itemizing.
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