LIC IPO: The IPO of the country’s largest insurance company LIC can be launched in this month of April. It is believed that by the end of April, the government can launch LIC’s IPO. In fact, the government officials associated with this IPO have suggested the panel of ministers to bring the IPO by the end of this month. Apart from Finance Minister Nirmala Sitharaman, this panel of ministers includes Road Transport Minister Nitin Gadkari and Commerce Minister Piyush Goyal.
It is believed that this panel of ministers can soon take its decision on the IPO and give a green signal to the officials to prepare for launching the IPO. Earlier, the central government had asked the merchant bankers of LIC IPO to take feedback from large and anchor investors on the valuation of LIC, which would motivate them to invest in the IPO. It is believed that at the beginning of this week the merchant bankers will submit their report to the government.
It is worth noting that earlier the government was preparing to bring LIC’s IPO in the market in the month of March, but after the ongoing upheaval in the stock market due to the Russo-Ukraine war, the government postponed the IPO launch. But now the market is booming and is moving towards touching new heights, so the government has again started preparing to bring LIC IPO. The government’s preparedness can be gauged from the fact that LIC has issued an advertisement regarding IPO, in which LIC policyholders have been advised to open a demat account early so that they can be entitled to invest in LIC IPO in the reverse quota. to be able
It is believed that the Group of Ministers constituted for Strategic Disinvestment may meet soon, in which a decision can be taken to decide the share price for LIC IPO. In this meeting, a decision can also be taken on the timing of LIC’s IPO in view of the condition of the stock market.
Earlier, RBI had said that it is very important to launch LIC IPO at the right time. Also, the success of LIC IPO rests on the response of retail investors. RBI has said in its March bulletin that correct timing of LIC IPO is very important. 35 percent of the IPO is reserved for retail investors, their response is very important for the success of LIC IPO.
The government is preparing to file the final paper regarding LIC IPO with SEBI. LIC can raise $ 8 billion i.e. Rs 65,400 crore through IPO. It is believed that 1.58 crore shares will be reserved for LIC employees, which will be offered to them with a discount of 10 percent, then 3.16 crore shares will also be given to the policyholders at a discount of 10 percent.