InvestorQ : What is the progress on the LIC IPO that is being discussed for nearly 2 years now?
Ria Jain made post

What is the progress on the LIC IPO that is being discussed for nearly 2 years now?

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swati Bakhda answered.
1 month ago
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It is not 2 years because the LIC IPO idea was first mooted only in the 2020 Budget in Feb-20. To be fair, the idea is just about 16 months old but the challenge is that 12 months out of that period was lost in COVID battles. Finally, it does look like the LIC IPO may be on the anvil as the government will be soon calling out for proposals from investment banks for managing the proposed IPO. Investment bankers will be finalized at the earliest.

While dates are not yet firmed up, it is estimated that the LIC IPO could hit the market around March 2022. Before the IPO a number of changes need to be made to the LIC Act. It is expected that the listing could value LIC at around $261 billion, which is nearly 30% higher than the current valuation of RIL, the most valuable company in India. LIC has total assets of $440 billion and is one of the largest investors in the equity market in India.

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