LIC IPO Launch Highlights: 'Mother of All IPOs' is Here; Issue Opens on May 4
2 years, 7 months ago

LIC IPO Launch Highlights: 'Mother of All IPOs' is Here; Issue Opens on May 4

News 18  

LIC IPO Live Updates: The Life Insurance Corporation’s public issue offer, India’s biggest is finally here. With the revised price band, the government now expects to raise up to Rs 21,000 crore from selling a 3.5 per cent stake in LIC in place of the earlier 5 per cent, a third of the original expectations. The Securities and Exchange Board of India on April 25 gave its nod to the updated draft red herring prospectus, which lists a 3.5 per cent stake sale instead of five percent as mentioned in the previous draft papers. Tuhin Kanta Pandey, DIPAM Secretary on Wednesday said that the LIC IPO right-sized.

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