Why has government again filed for LIC IPO with SEBI?
Answer
Answer
Essentially, this refiling is meant to update the DRHP with the latest updated financials for Dec-21 quarter. LIC had put off IPO plans due to the war situation in Ukraine. While there is time till 12th May to proceed with existing filings, LIC has decided to file revised Dec-21 financials for greater transparency. LIC reported Q3 net profits of Rs.235 crore.