LIC IPO Updates: 10 Things to Know Before Investing
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 ...