LIC IPO date, price, size details, discounts: All you need to know
India Today
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.
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.
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.
Employees and policyholders of the national insurer would get a discount over the floor price.
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