LIC plans to bring an IPO to sell 3.5% of its stake and get listed on BSE and NSE stock exchanges. This fast-track IPO is part of the disinvestment of government stake in LIC. The government of India is planning to raise funds of Rs 21000 corer through this IPO.
The LIC IPO 2022 offers a great opportunity to retail investors and employees to invest in the company for the long term as well as making quick listing day gains. It is also speculated the LIC Policy Holders may get a reserved quota in this IPO. In the Union Budget speech for 2020-21,
Listing of companies on stock exchanges disciplines the company and provides access to financial markets and unlocks its value. It also gives an opportunity for retail investors to participate in the wealth so created. The government now proposes to sell a part of its holding in LIC by way of Initial Public Offer (IPO).
There are reports that LIC will reserve up to 10% of the issue size in the IPO for LIC policyholders thus providing a greater chance of allotment.
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