LIC IPO Share Price Down: LIC IPO shareholders are facing loss of crores of rupees

LIC's market capitalization has plummeted below the first five lakh crore rupees at the best continuous price.

The long-awaited biggest IPO hit the market on May 17. The stock market has shown no signs of changing since then. LIC's share price plunged again on Monday. India shares were priced at Rs 650 per share  The government had set a target of Rs 642 crore for the state-owned airline, which was hit hard by the price of LIC shares.

The market capitalization of LIC has gone down. Rs 94,116 crore has been sunk by the government. The share market capital has gone down a lot.