On the eve of Diwali, the biggest IPO of India, breaches the Rs 600 mark today October 21 2022 and is at Rs 590/-.
LIC is down 38% from its IPO price of Rs 949/-. For policyholders (IPO price is Rs 889) and retail investors (IPO price is 904), the loss is slightly lower at 34% and 35% respectively.
One should be very careful with IPO, especially those aggressively marketed at high price.
