LIC IPO

LIC IPO date, price, size details, discounts: All you need to know

The wait for Life Insurance Corporation of India's (LIC) initial public offering (IPO) is likely to be over this month. The IPO, which is likely to be India's largest initial share sale, could be launched by the end of April. LIC IPO DATE The country's largest insurer is likely to file an updated draft red herring prospectus (UDRHP) for the LIC IPO after consultations between the Department of Investment and Public Asset Management (DIPAM) and investment bankers and a key meeting of the LIC board, according to media reports. Soon after this, the final process for LIC's IPO will commence. The IPO is likely to be opened for subscription in April-end and listing of shares could be completed by May 12, as per media reports. LIC IPO PRICE, SIZE DETAILS, DISCOUNTS As of now, the government is likely to sell a 5 per cent stake or over 31.6 crore shares for an estimated Rs 63,000 crore. According to the draft red herring prospectus (DRHP), LIC's embedded value, which is a measure of the consolidated shareholders value in an insurance company, has been pegged at about Rs 5.4 lakh crore as of September 30, 2021, by international actuarial firm Milliman Advisors. .