LIC IPO set for a May launch? What we know so far
Even with a reduced issue size, LIC will be the largest IPO in the country, outdoing Coal India’s ₹15,500 crore IPO in 2010 and Reliance Power’s ₹11,700 crore IPO in 2008.
Even with a reduced issue size, LIC will be the largest IPO in the country, outdoing Coal India’s ₹15,500 crore IPO in 2010 and Reliance Power’s ₹11,700 crore IPO in 2008.
Shortly after SEBI's approval of its DRHP, LIC had released the financial results for the December quarter, requiring changes in the draft document for the IPO.
Country’s biggest life insurer’s investment in equities pegged at ₹9.8 lakh crore ($130.42 billion).
Over 75 lakh policyholders update PAN in last six months, at least 80% to subscribe the LIC IPO.
There was also a 17.48% dip in the number of active individual agents during the peak pandemic days, the LIC DRHP shows.
Can stock markets absorb ₹3.5 lakh crore equity issuance by LIC in the next five years? Or will legalese to come to rescue?