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The issuance price per share was Rs 949, and the target company's market capitalization was Rs 6 lakh crore.
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Well, the subscriber response did provide some cheer, but it was fleeting. LIC's share price when it went public was Rs 865, or a 9 percent reduction.
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Investors have been on the edge of their seats ever since as the rollercoaster has continued.
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The stock reached its peak on the day of the listing itself, at Rs 919 per share, and ever since it has been unable to move upward.
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On October 21, the price dropped all the way to Rs 588 a share. but, This increase assisted LIC in regaining its market cap by roughly 1 lakh crore.
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The decline from Rs 919 to Rs 588 happened over the course of around 5 months, costing LIC a market capitalization loss of Rs 2.1 lakh crore.
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It's been like riding a roller coaster. Since it reached its lowest point, the stock has increased by 26%.
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In more recent times, the stock has increased by roughly 8% this week and by nearly 21% this month.