Good news for those waiting for the business / LIC IPO, public-official sources said on this date.
The launch date of LIC's much talked about IPO has been announced. On the 4th of May
LIC's IPO will open.
Waiting for LIC's IPO
Will launch on May 4th
Official sources claim
The government will sell only 3.5 per cent stake
The launch date of LIC's IPO has been fixed. The LIC IPO will launch on May 4. A recent board meeting of the Life Insurance Corporation of India (LIC) has agreed to reduce the size of LIC's IPO.
The government will sell only 3.5 per cent stake in the IPO
Sources said that earlier the government was to sell 5 per cent stake in the country's largest life insurance company, but now the government will sell only 3.5 per cent stake in the IPO.
The size of the IPO will be Rs 21,000 crore
LIC's valuation for IPO has been increased to Rs 6 lakh crore. Accordingly, the size of this IPO will now be Rs 21,000 crore. However, an official said that the government could increase the demand by 5 per cent if the market demand remains good. Was about 5 percent.
Millions wait for LIC's IPO
Millions of people are waiting for LIC's IPO. But now its date has been announced.
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