InvestorQ : How do you see the response to the LIC IPO this fiscal?
Priyanka N made post

How do you see the response to the LIC IPO this fiscal?

Answer
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7 months ago


Certainly, the LIC IPO is going to be a marquee issue in this season. Even before the specific details of the IPO have been announced, the ANMI has committed to mobilize 1 crore investors. That is hardly surprising. A mega IPO from a time tested brand like LIC gives brokers across India the opportunity to go out and aggressively open trading accounts and demat accounts. There has not been a massive retail IPO for a long time since Coal India which happened nearly 10 years ago. The government is looking at the LIC IPO as something impactful on the same lines as the Saudi Aramco IPO which virtually redefined the IPO market in the Middle East and also created a huge retail base. The government and the brokers will be looking at the LIC IPO as an opportunity to recreate the retail investor base since the brand is already time tested.