LIC shares made a debut as India's biggest IPO listed on stock exchanges

on Tuesday despite being subscribed 2.95 times

LIC shares settled at Rs 875.45 on the BSE down 7.75 percent from their issue price

while on NSE, they ended at Rs 873.00, down 8.01  percent

It means India's biggest IPO lists at discount on stock market

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LIC policyholders have got the shares at a price of Rs 889 

LIC retail investors have got the shares at a price of Rs 904  

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LIC shares opened at a discount price due to the negative secondary market sentiment

LIC IPO closed on May 9 and shares were allocated to bidders on May 12

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