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  Swastika comes with the fresh information of Life Insurance Corporation of India’s initial public offering (IPO) which will hit the market next month.  Here, we will discuss the latest  LIC IPO  Updates including issue, closing, allotment date and more. The IPO comprises over 31.6 crore shares or five per cent of the government’s stake in the insurance behemoth.  India is all set to launch the country’s largest-ever public offering, as the state-run Life Insurance Corporation of India (LIC) filed a Draft Red Herring Prospectus (DRHP) with the SEBI for selling a five per cent stake by the government.  Employees and policyholders of the insurance giant would get a discount over the floor price. For this, it is mandatory that the policy should have been issued on or before February 13, 2022. Investors must link PAN to the policy by February 28, 2022 Know more about LIC IPO  with our experts, Contact Us – 0120 4400777   About LIC IPO Latest Informat...

The much-awaited IPO of the largest insurance company will be coming at the end of the current financial year. This can only be done after the government finishes the process of disinvestment of at least three PSUs. As per the economic time’s reports, three companies National Fertilizers Limited, Mishra Dhatu Nigam Limited and Rashtriya Chemical and Fertilizers Limited will get divested through a simpler method called to offer for sale or OFS before the launching of  LIC IPO .  A senior finance ministry official has declared that the  LIC IPO   will hit the market in the next year, adding that other issues will be completed before all necessary applications are in place.  It may be noted that LIC had got principle approval from the cabinet committee on the economic affairs before the launching of LIC IPO. As per the news source, it is estimated that the 10% stake sale of LIC would generate a whopping amount of Rs 1 Crore to 1.5 Crore. To launch the LIC IPO, the ...