Do you have an idea how much LIC would be valued at in the IPO?

The final actuarial valuation from Millman is still awaited but there are preliminary reports that the government could be seeking a valuation of around $110 billion for LIC. That would still put LIC among the top-5 most valuable listed companies in India. The government will raise between Rs.40,000 crore to Rs.80,000 crore via the IPO depending on whether the government sells 5% or 10%. There is a concern that LIC IPO could drain market liquidity.