News > LIC IPO Papers May be Submitted By Month-end: Rs 15 Lakh Cr Valuation

LIC IPO Papers May be Submitted By Month-end: Rs 15 Lakh Cr Valuation

The Life Insurance Corporation of India is likely to file the draft papers of its multi-lakh crore initial public offering (IPO) by the last week this month, according to reports. Touted as India’s biggest public offering till date, the insurer will file its draft papers with the authorities during the week starting January 31.

The LIC IPO is said to fetch Rs 15 lakh crore through its initial offer sale. The draft prospectus, which is to be filed soon, is likely to shed light on the size of the IPO.