LIC IPO date: When to expect launch of mega initial share sale

Now that both share market indexes sensex and nifty have started to make gains, investors are waiting for an announcement regarding the launch of LIC's IPO.

As the ongoing financial year is coming to an end on March 31, the question over the launch date of LIC's initial public offering (IPO) is yet to be answered. The mega initial share sale of the country's largest insurer was originally planned to be launched by the end of this fiscal year, but the Russia-Ukraine war derailed the plans as share markets went into highly volatile mode.

Now that both share market indexes sensex and nifty have started to make gains, investors are waiting for an announcement regarding the launch of LIC's IPO. However, it is up to the government to decide the right time for the launch of LIC IPO given the fact that it would be the biggest ever initial share sale in the history of the Indian stock market.

The government may go for the listing of LIC's IPO by mid-April, according to a Reuters report.

"Most likely, LIC will now be listed by mid-April. We are closely watching the market conditions," Reuters had reported earlier in March quoting a government official.

Meanwhile, deferring the LIC listing to the next financial year, which starts on April 1, also helps the government to meet its targeted fiscal deficit of 6.4 per cent of GDP in the coming fiscal year as proceeds from the IPO boost its revenue, Reuters reported.

So far, the amount mobilised from the IPO of Paytm in 2021 was the largest ever at Rs 18,300 crore, followed by Coal India (2010) at nearly Rs 15,500 crore and Reliance Power (2008) at Rs 11,700 crore.

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