LIC IPO: DRHP likely this week, issue in March - here are all the details

The mega insurer offering from the govt is set to hit the market soon. As per reports, the govt will file the DRHP for the LIC IPO by this week and the issue is likely to open for the public in March.

The embedded value of India's largest insurer is a topic of much debate. LIC is a Domestic Systemically Important Insurer and is touted to be valued at over $200 billion. Tha govt is expected to sell 5% stake.

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The disinvestment target of just Rs 65,000 next year and Rs 78,000 this year has raised question of how the IPO is being valued.

A knock-out listing could see LIC raise as much as $10 billion from the IPO with a minimum dilution of 5%. That would make it the third biggest globally involving an insurer.