Page 2 - Milliman Advisors News Today

Ipo india,issue price,NSE,LIC,LIC IPO NEWS,Life Insurance Corporation of India,DHRP,IPO NEWS, drhp,lic,sebi,drhp,lic,sebi,life insurance corporation of india,lic ipo,demat account,investment,ipo,irdai,life insurance firm

LIC files DRHP for IPO; govt to sell 5% stake

According to sources, the public offer is expected to hit the capital market in March

Centre intends to come out with the initial public offering of the insurer before the close of the current fiscal on March 31

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

DIPAM Secretary Tuhin Kanta Pandey said approval from the insurance regulator is awaited, post which the draft prospectus, detailing the size of the share sale, will be filed.

Government is likely to file draft papers for LIC IPO with SEBI by next week

Draft LIC IPO prospectus expected to be filed by next week, issue in March - Draft prospectus detailing size of share sale will be filed Tuhin Kanta Pandey Secretary to DIPAM.

Up to 10 per cent of the LIC IPO issue size would be reserved for policyholders.

LIC's listing is crucial for the government to meet the lowered revenue estimates of Rs 78,000 crore for the current fiscal.