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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...

  Updates of LIC IPO LIC; the biggest insurer and investment company of India come with the biggest LIC IPO updates. The company has filed DRHP with SEBI to increase its funds through an initial public offering.  The IPO consists of an offer by the Government of India to sell up to 316.25 million shares. LIC’s IPO is expected to be the largest IPO in India to date.  After listing, LIC will become the largest company by market capitalization. It will surpass the largest issue so far by digital payments company One97 communications or Paytm which raised Rs 18,300 Crore in November 2021.  What is the  LIC IPO ?  LIC – India’s largest investment and insurance corporation are all set to launch its IPO on 11 March 2022.  The company is a big name in the insurance sector as it currently operates through 8 zonal and 113 divisional offices. Through its IPO, LIC firstly aims to address working capital requirements. Secondly, it is required to meet its corporate ...