Abstract
Insurance industry is one of the prominent sectors in India to maintain stability and enhancement of social security for efficiently building our nation's economy. The Insurance Regulatory and Development Authority of India (IRDAI) regulates a total of 57 Indian insurance companies, in which LIC is the largest and most established public utility company that covers a wide range of portfolio opportunities withholding trust and reliability of policyholders for country’s GDP development. This study is a descriptive analysis of the journey of LIC IPO, which began trading from May 17, 2022 by being listed in both Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The IPO witnessed an overwhelming response from all categories of investors and resulted in 2.95 times oversubscriptions. Further, it shows a very stable equity market value in both the Exchanges while crossing thousand rupees during the latter part of the financial year 2023-24.
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