InvestorQ : When is LIC planning to file for its proposed IPO?
swati Bakhda made post

When is LIC planning to file for its proposed IPO?

Sam Eswaran answered.
2 years ago

After months of speculation on the timing of the LIC IPO, there finally appears to be some real action happening. For now, senior financial ministry officials have confirmed that the LIC IPO filing could happening as early as November this year. In fact, LIC could file its draft red herring prospectus (DRHP) with SEBI by next month itself. DIPAM has already appointed 10 merchant bankers for the issue including 5 domestic and 5 globally reputed names.

The DRHP will be the first step and will be followed by the road shows in India and abroad which are most likely to happen by January 2022. There is the open issue of FPI investment since LIC is governed under a separate LIC Act, under statute of Parliament. That should be a small formality. Government is keen to complete the LIC IPO before March since it holds the key to the government’s aggressive divestment target of Rs.175,000 crore for FY22.