LIC IPO opening date is something investors and market lovers are excited and eagerly waiting for. Here is what we have for investors and IPO lovers.
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, the Cabinet Committee implemented by the Government will decide the final date. The Cabinet Committee on Economic Affairs has cleared the IPO proposal of LIC in July 2021.
The LIC IPO opening date is expected to be early next year.
Stay tuned for more details.