LIC IPO: SEBI approves public offering; all details here

Life Insurance Corporation (LIC) of India has gotten SEBI's approval for the mega Rs 63,000-crore-worth IPO even as reports suggest the Russia-Ukraine war could postpone the government's plan.

Capital markets regulator SEBI has given go-ahead to the largest IPO of India, CNBC-TV18 reported.

Also read/watch | Ukraine war impact: LIC IPO likely to be postponed

Up to 10% of the LIC IPO issue size would be reserved for policyholders. The government will sell 5% of its stake in the country's largest insurer LIC.

Here are some of the big numbers you need to note:

• How much is the govt selling: 5%
• Shares to be offered: 31.6 crore shares
• Embedded value of LIC: Rs 5.4 lakh crore
• Has assets worth: Rs 44 lakh crore
• Stock Portfolio: Rs 9.5 lakh crore
• Number of branches: 2,000
• Number of employees: 10,000
• Policy holders: 286 million
• Number of agents: 1.35 million

Also read/watch | LIC IPO: When size does matter, a few numbers that will baffle you