New Delhi. LIC IPO: Everyone is eagerly waiting for the IPO of Life Insurance Corporation of India. The draft prospects of the country’s largest insurance company are likely to be submitted to SEBI this month. The news agency Reuters has claimed, quoting reliable sources, that the public shares of LIC IPO will be issued in the middle of March.
LIC’s IPO will be the biggest IPO in India. The government wants to earn 90,000 crores by selling its stake in the insurance company. At the same time, according to a Bloomberg report, the valuation of LIC IPO will be Rs 15 lakh crore. A government and two banking sources told Reuters on condition of anonymity that the embedded value of LIC could be Rs 4 lakh crore.
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Its market value will be four times this. Once the final report is out, the lic ipo valuation may also change as expected by the government. The final valuation will be decided by the government on parameters such as investor sentiment, profitability outlook and industry trends. At the same time, according to Bloomberg, in terms of valuation, the government wants 750 million rupees from its 5 percent stake.
New information is coming in front every day
Investors are very excited about LIC IPO. Every day new news is coming about this. More recently, Economics Times quoted its sources as saying that in the last week of January, it can be found that how much is the embedded value of LIC, which brings the country’s largest IPO and how many shares the company will launch in the market. Is gonna. Earlier, it has been said in different media reports that the central government has set its deadline for this IPO by the end of March.
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FDI rules will also change!
Earlier last week, it was revealed that the government is thinking of amending the rules related to FDI. In order to ease the disinvestment process of Life Insurance Corporation of India (LIC), the Ministry of Commerce and Industry is preparing to make changes in the FDI policy. However, this information also came in the media quoting a top government official.
Tags: IPO, LIC IPO, stock market