LIC shares to start trading on Tuesday. Will retail investors burn fingers?
- LIC sets IPO issue price at Rs 949 apiece; listing likely on Tuesday
- What is grey market signalling for LIC, Delhivery & other IPOs?
- After a rout in new-age players, can Delhivery's IPO be a litmus test for other startups?
Prime Minister Narendra Modi’s government raised $2.7 billion by selling shares in Life Insurance Corporation of India, including to millions of families nationwide that hold LIC policies. The stock starts trading Tuesday at a time when markets worldwide are being roiled by the fallout of Russia’s invasion of Ukraine and rising interest rates.
While deep-pocketed global funds can withstand volatility, small investors -- especially first-time shareholders such as the ones created by by LIC’s listing -- risk being burned if the stock underperforms. Of the 21 …
More on: economictimes.indiatimes.com