Government has done all the preparations, know when LIC’s IPO will come


LIC IPO: Government has done all the preparationsThe waiting time of buyers associated to LIC IPO is about to finish. Government in May 2022 LIC IPO deliver Have made all the preparations. The government was earlier preparing to launch this IPO in the month of March, however in view of the lower in the inventory market due to the Russia-Ukraine conflict, it has been decided to situation it in the month of May. LIC IPO can be launched before May 12. Now in view of the growth in the inventory market, preparations have been began to deliver LIC IPO.

LIC IPO: Government has done all the preparations

A gathering of the Group of Ministers constituted on Strategic Disinvestment will be held soon to decide the share worth for LIC IPO. In this assembly, contemplating the condition of the inventory market, a choice will also be taken for the timing of LIC IPO.

RBI had also earlier requested to launch LIC IPO at the proper time. In which it has been said that it is very important to launch LIC IPO under RBI at the proper time. 35% of the IPO portion is reserved for retail buyers. That’s as a result of their response LIC IPO success means a lot to.

In March, investment bankers employed under the ongoing conflict between Russia and Ukraine had also suggested the government not to rush to deliver the LIC IPO. LIC can elevate about $ 8 billion i.e. Rs 65,400 crore through IPO.

Know when LIC’s IPO will come (LIC IPO)

According to the draft pink herring prospectus (DRHP) filed with SEBI, the time for the government to launch the IPO is May 12. Till this date, the government will not have to file new documents to launch the IPO. The DHRP was filed on February 13. Regarding the launch of LIC IPO, it has been said by an official that SEBI has time to launch the IPO until May 12 as per the documents. Keeping in view the volatility in the inventory market, RHP will be filed soon whereas also fixing the worth band for LIC IPO. The DRHP filed with the Securities and Exchange Board of India (SEBI) contained details of LIC’s financial outcomes and embedded value as of September 2021.

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