LIC IPO: The country’s largest company LIC is preparing to bring the country’s largest IPO.
LIC IPO: The country’s largest company LIC is preparing to bring the country’s biggest IPO. The prospectus for this can be filed in the last week of this month. According to information received from the sources, the state-run insurance company LIC is planning to file the prospectus of the IPO in the last week of this month starting from January 31. After this, the Embedded Value of LIC and the shares to be offered under the issue will be disclosed. However, due to the current epidemic of Corona, the schedule may be affected. The Finance Ministry and the representative of LIC have not commented on this.
Modi government’s plan to bring it by March 2022
Under the leadership of Prime Minister Narendra Modi, the central government is preparing to bring the country’s largest insurance company LIC’s IPO. For this, the deadline of March 31, 2021 has been fixed till the end of March. According to Bloomberg news in September last year, the government was planning to sell 5-10 per cent stake in it, which would have fetched the government Rs 10 lakh crore.
Government is waiting for valuation report
It is believed that after LIC’s IPO, it will prove to be the biggest issue in the country and to ensure its success, the government is also making changes in the rules. Right now the government is waiting for the full valuation report and according to the information, there may be a change in the projected valuation. Its value is more than 3-4 times more than most insurance companies.