LIC IPO: Inside details of India’s biggest public issue

With just a few months left for the launch of Life Insurance Corporation's massive IPO, preparations are in full swing to assess the valuation of the state-run insurer. Here is all you need to know.

The preparation for the much-awaited initial public offering (IPO) of Life Insurance Corporation of India (LIC) is in full swing, with approximately 2 months left before the launch of India’s biggest public listing.

It’s a race against time for bankers who are working round the clock to evaluate the state-run insurance company, which hasn’t been valued in decades. Not just bankers but many departments of the government involved in the process are working just as hard to pull off the gargantuan task, reported Bloomberg news.