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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.