Countdown Starts For Country’s Biggest IPO

LIC Applies For IPO With SEBI, IPO Size May Be Around Rs 63000 Crore

The countdown has started for the country’s biggest IPO. Life Insurance Corporation (LIC) has filed for IPO with SEBI. The Secretary of DIPAM gave this information. He said that DRHP (Draft Paper) has been filed for LIC IPO today. The biggest ever Initial Public Offer (LIC IPO) in the history of the country is expected to hit the market by March.

The valuation has been estimated at around Rs 12.6 lakh crore. It is being told that the size of the IPO can be around Rs 63000 crore. The total equity will be about 632 crore shares. The government is selling 5 per cent stake in it. The central government is selling 31.6 crore shares.

    1 thought on “Countdown Starts For Country’s Biggest IPO”

    1. This IPO of Lic will be very harmful for stock Bazar because each person of every sector will invest thief all money firstly in Lic IPO hence general stock exchange will suffer and go downward sharply. This is my personal vichar gain other it may be possible that general public which is against the privatisation or disinvestment of psu. No body. take interest in purchase in individual level and ultimately all share maximum will go in other psu or banking industry, psu, private . Don’t do chintz for this but do *chintan**Krishna Mohan Agrawal*

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