LIC share price touches all-time low of ₹720; down 24% from IPO price

Shares of Life Insurance Corporation (LIC) touched their all-time low price of ₹720.10 on Thursday, falling 24.12% from its IPO issue price of ₹949. LIC's share price settled 2.23% lower on Thursday at ₹721.60. Due to the fall in share price, LIC's market capitalisation has fallen to ₹4.57 lakh crore against over ₹6 lakh crore at the issue price.