Investors have been waiting for a long time for LIC’s IPO. Now that wait seems to be over. Earlier it was expected to launch in March. But it got delayed. The reason for the delay was also cited as the Russo-Ukraine War.
A good news has come about the much awaited IPO of Life Insurance Corporation of India i.e. LIC. According to the information, LIC’s IPO is going to be launched on May 4. According to the news, the IPO will open on May 4 while it will close on May 9. Let us tell you that the investors were waiting for LIC’s IPO for a long time. Now that wait seems to be over. Earlier it was expected to launch in March. But it got delayed. The reason for the delay was also cited as the Russo-Ukraine War.
The much-awaited initial public offering of the Life Insurance Corporation of India is likely to open on May 4: Sources privy to the development told ANI
— ANI (@ANI) April 25, 2022
However, information has not been received about what will be the price band of LIC’s IPO. The size of this IPO is estimated to be Rs 21000 crores. The Government of India is working on a plan to sell its 3.5 percent stake in LIC’s IPO. Significantly, the share capital of Life Insurance Corporation of India (LIC) was increased from Rs 100 crore to Rs 6325 crore during September last year to facilitate the IPO.
