A look at the insurer’s history

Post author:Yash A
Post published:May 5, 2022
Post category:Digital Marketing Latest Trends 2021
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Reading time:5 mins read

On Wednesday, Life Insurance Corporation (LIC) of India opened its much-anticipated $2.7 billion initial public offering (IPO) for subscription, following strong demand from domestic mutual funds who have been allocated 71.12 percent of the total book.

Conscripted to be India’s biggest IPO to date, LIC is reportedly commanding a premium of Rs 60-65 apiece for its shares in the grey market – nearly 7 percent higher than the upper end of the IPO price-band of Rs 902 to Rs 949 apiece.

Amid the buzz of news reports surrounding the IPO, YourStory looks at the journey of the 66-year-old insurer.

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