LIC IPO Latest News
A big news is coming out about the size and date of arrival of LIC's IPO. Let us know its complete information.
The government has decided to reduce the size of LIC IPO from 5 per cent to 3.5 per cent. Even after reducing the size, LIC's IPO will be the biggest IPO ever.
Now the valuation of LIC has come down by Rs 12 lakh crore to Rs 6 lakh crore. Now the government will get less money from LIC's IPO than before.
LIC has got permission from SEBI to bring IPO by May 12. If LIC's IPO does not come till May 12, then LIC will have to submit documents to SEBI to bring IPO.
The Government of India has decided that LIC's IPO will come before the end of the financial year 2021-22.
Before the Russo-Ukraine war, the valuation of LIC was estimated at Rs 12 lakh crore, which has now come down to half (Rs 6 lakh crore).
If the government sells 3.5 percent stake even at a valuation of Rs 6 lakh crore, then the government will earn about Rs 21 thousand crore from it.
LIC IPO will be the biggest IPO in India. Earlier, Paytm's IPO of Rs 18,300 crore was the biggest IPO in the country.
There will now be fewer shares for investors than before. That is, now the competition will increase among the investors regarding LIC IPO.
Earlier the Government of India was thinking of selling 5 per cent stake. In this sense, about 31.6 crore shares of LIC would have come in the market.
Now the government is selling only 3.5 percent stake in LIC. With this, now only 22.14 crore shares will be issued in the market.
Let us tell you that due to the sale of 1.5 percent stake by the government, about 9.4 crore shares have been reduced. Due to which the competition is likely to increase
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