Set to be India's biggest IPO, overthrowing Paytm, the insurance giant is expected to open for subscription in the first week of May
Last updated: 14-Nov-2022•Value Research
The long wait is over and finally, the Indian life insurance giant LIC has announced its IPO! According to a PTI report, LIC IPO will open on May 4, 2022 and will close on May 9, 2022. The government aims to offload 3.5 per cent of its stake (around 22.14 crore shares) for around Rs 21,000 crore. This will be the biggest IPO in the history of the Indian market dethroning the current leader One97 Communications or Paytm at Rs 18,300 crore (By the way, how has Paytm been performing?
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