LIC IPO Likely To Open Next Month; Here's All You Need To Know | Business Today

Описание: The wait could finally be over. The LIC IPO is expected to open on March 11 for anchor investors and a couple of days later for other investors. The insurance giant is expected to get regulatory approval by the first week of March, following which an indicative marketing price band will be set.

Life Insurance Corporation (LIC) filed its draft red herring prospectus (DRHP) on Sunday. Market rumours indicate the size of the share sale could be about Rs 65,400 crore at a price band of Rs 2,000-2,100 apiece. However, LIC has denied the rumours of the issue date and the IPO size. The DHRP, meanwhile, throws meaningful insight for those looking to invest in the LIC IPO.

#LIC #LICIPO #SEBI #LifeInsuranceCorporation #BusinessToday #IndiaToday

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