Preparations for LIC’s IPO are going on in full swing, listing on the stock exchange by March 2022!

LIC IPO: LIC (Life Insurance Corporation), the largest insurance company in the public sector, can be listed on the stock exchanges by March 2022. According to media reports, LIC Chairman MR Kumar has said that the preparation for LIC’s IPO is going on in full swing. And he is confident that by March 2022 it will definitely be listed on the stock exchange.

DHRP will file with SEBI soon

Government may soon file DHRP (Draft Red Herring Prospectus) with SEBI regarding LIC IPO. DHRP is likely to be filed with SEBI in January 2022. In any case, the government is preparing to bring the IPO of LIC by the end of this financial year. 10 Merchant Bankers have also been appointed for IPO management.

How much money will LIC get?
The chairman of LIC says that it will depend on the government how much amount it gives to LIC. If LIC needs capital, then the government will definitely fulfill its requirement.

LIC’s IPO will expand capital market

A certain part of LIC’s IPO has been kept reserved for its policy holders. LIC policy holders can apply. If new demat accounts are opened for LIC’s IPO, this is likely to boost the capital market of the country. At present there are about 6 crore demat accounts in the country. If the number of customers of LIC is close to 25 crores. Accordingly, if LIC’s IPO comes, then it can be successful in giving a new expansion to the entire capital market.

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