https://www.taxtmi.com/article/detailed?id=10443 The IPO and listing of LIC opened below issue price and experienced sustained declines, causing losses to many retail subscribers-particularly policyholders-despite strong subscription rates. Contributing factors cited include muted foreign investor interest, very high promoter concentration (circa 96.5%) with a limited public float, repeated new 52 week lows and volume surges. The piece warns that sentimental loyalty and the company's promotional tagline misrepresent likely shareholder returns and urges caution for investors. en-us Thu, 09 Jun 2022 10:20:55 +0530 Thu, 09 Jun 2022 17:30:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10443 The IPO and listing of LIC opened below issue price and experienced sustained declines, causing losses to many retail subscribers-particularly policyholders-despite strong subscription rates. Contributing factors cited include muted foreign investor interest, very high promoter concentration (circa 96.5%) with a limited public float, repeated new 52 week lows and volume surges. The piece warns that sentimental loyalty and the company's promotional tagline misrepresent likely shareholder returns and urges caution for investors. Articles Other Topics Thu, 09 Jun 2022 10:20:55 +0530 https://www.taxtmi.com/article/detailed?id=10443