News > LIC IPO DRHP Filed with Sebi; Govt to Offload 5%; 10% Reserved for Policyholders

LIC IPO DRHP Filed with Sebi; Govt to Offload 5%; 10% Reserved for Policyholders

Dais Newsfeed | 14/02/2022 08:01 AM | Click to read full article

Life Insurance Corporation of India (LIC) filed the draft red herring prospectus (DRHP) with the market regulator for its much-awaited initial public offering (IPO). This is going to be the largest-ever listing in the history of Indian capital markets.

The central government owned 100 per cent stake in Life Insurance Corporation. The upcoming IPO will be entirely an offer for sale.