In 2022 when IPO came I told in my contacts not to subscribe even though LIC is good company as it may not give quick or good returns in coming months or years, Few said its long time investment so I do not mind even if it falls after listing or I can wait for one or two years. Its all most 3 years now and not given profit to anyone. In chart LIC has shown a support area to wards which price is approaching again now. so one may wait and invest very small amount at 600 to 640 INR if you wish. LIC is the largest player in India and will be good medium to long term investment. will it fall below 600, may be in case Nifty and boarder market keep falling. so this risk cannot be denied
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