Lic Drhp News Today

The initial public offering (IPO) of Life Insurance Corporation (LIC) of India is the most awaited share sale of this year. A decision on the date of LIC IPO is expected to be taken by the end of this week. The IPO has been deferred time and again due to high volatility and unfavourable stock market conditions which could hamper the proceeds from the share sale. However, investors are upbeat about the prospects of the IPO, which could fetch them handsome returns. Here's a look at five thing...

If the government misses the May 12 deadline, LIC would have to file fresh papers with Sebi giving the results of the December quarter

These serve people better but are harder to sell and insurance agents have no incentive to push them

After Air India privatisation, listing of India's largest insurer could be another important milestone in the country's economic reforms agenda.

During her Budget speech, Finance Minister Nirmala Sitharaman had announced that LIC's IPO is "expected shortly".

Centre files draft papers for LIC IPO with market regulator SEBI - Upon its listing, LIC is expected to become the largest company in India in terms of market capitalisation.

The participating policyholders' fund of the IPO-bound insurer stands at Rs 24.57 lakh crore.

The acquisition price is disclosed in the DRHP filed by the country's largest insurer with the Securities and Exchange Board of India (SEBI). 

The LIC IPO, after approval of SEBI, is likely to hit the market in March.

Speaking at the BT Budget Roundtable 2022, DIPAM Secretary Tuhin Kanta Pandey said that the LIC IPO is scheduled for this month.