Is the government planning to file for the LIC IPO next week?
Answer
Answer
It looks like the LIC IPO may finally see the light of day. Most likely, the board of LIC plans to meet over the weekend to finalise its results for FY22. Armed with the latest financials, LIC also plans to file a revised public offer document by mid-next week. This could entail, change in the pricing formula, the valuation sought and the stake that the government is willing to sell. One needs to wait and see.
The government must complete the IPO of LIC before 12th May. That is when the original SEBI approval for LIC IPO expires with current data filings. If IPO extends beyond 12th May, LIC has to seek fresh actuarial valuation report, which is tedious and cumbersome That is the reason for the urgency over the 12-May target.