Is it true that LIC plans to file DRHP for its IPO in early December?
Answer
Answer
The LIC IPO DRHP is expected to be filed in early December 2022. That will be followed by investment bankers reaching out to potential anchor investors across the globe. Needless to say, LIC will be the biggest share sale in Indian history. Government may sell 5% or 10%, and issue size could be between Rs.60,000 crore and Rs.100,000 crore. DIPAM is pushing to complete the IPO process before March 2022.