LIC IPO: India's Biggest-Ever IPO is Finally Here, Govt to Offload 5% Stake; Know Details
2 years, 10 months ago

LIC IPO: India's Biggest-Ever IPO is Finally Here, Govt to Offload 5% Stake; Know Details

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Life Insurance Corporation of India filed the draft red herring prospectus with the market regulator for its much-awaited initial public offering. LIC IPO Size: The central government owned 100 per cent stake in Life Insurance Corporation. The proceeds of LIC IPO will go to the central government and the insurance company will not receive any funds as the issue will be entirely offer for sale. LIC IPO Value The embedded value of LIC have been calculated at Rs 5.39 lakh crore as of September 31, 2022, according to the draft paper. LIC IPO: Mother of All IPOs LIC is the largest insurance company in India with a market share of 61.6 percent in new business premium collections.

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