Contact campaign with global investors to invest in LIC IPO begins next week
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LIC IPO: The largest public sector insurance company LIC (Life Insurance Corporation) can be listed on the stock exchanges by March 2022. But before investing in LIC IPO, the campaign to contact potential Anchors Investors can start from next week. Bankers associated with IPO will approach such Anchors Investors. It is believed that more than 100 such Global Investors from around the world will be contacted. So that enthusiasm can be created among investors towards LIC IPO.
DHRP will file with SEBI
Regarding LIC IPO, the government can soon file DHRP (Draft Red Herring Prospectus) with SEBI. DHRP is likely to be filed with SEBI in the first week of December. In any case, the government is preparing to bring LIC’s IPO by the end of this financial year i.e. by March 2022. 10 Merchant Bankers have also been appointed for IPO management. Which includes Kotak Mahindra Bank, Goldman Sachs Group, JP Morgan Chase and ICICI Secrurities.
40,000 crore to 1 lakh crore LIC IPO
It is believed that the struggle is going on regarding the valuation of LIC. But the government is assuming a valuation of Rs 8 to 10 lakh crore. Through LIC IPO, the government can disinvest its stake from 5 to 10 percent.
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