Termed as the biggest IPO to hit Indian markets, the government is looking for a 5-10 percent equity in LIC, which has now been made IPO ready with over 27 legislative changes.
Life Insurance Corporation, LIC might file DRHP next month and will hit the market during the January-March quarter. Incorporated in the year 1956, LIC is the only Government-owned insurance firm in India with over 2000 branches all over India.
Once SEBI approves, merchant bankers will come into action and take the necessary steps to take utmost care of investor interest and its pricing. The Cabinet Committee implemented by the Government will decide the final pricing. The Cabinet Committee on Economic Affairs has cleared the IPO proposal of LIC in July 2021.
The LIC IPO expected price band is ₹-₹. The LIC IPO Date 2021 And Price will be updated soon.
Stay tuned for more details.