LIC IPO (2022)
The Indian government floated about 3.5% of Life Insurance Corporation, raising roughly ₹21,000 crore. It was the largest IPO in the country's history and drew huge retail interest.
LIC shares listed at a discount and fell below the issue price within days.
It set the record Jio now aims to break, and stands as a warning that a giant name does not guarantee a strong debut.
Jio would dethrone LIC as India's biggest listing. The LIC experience shows that size and demand do not always translate into a good first-day price.
