News > LIC IPO to open on May 4; price expected to be announced in a day or two - The Hindu BusinessLine

LIC IPO to open on May 4; price expected to be announced in a day or two - The Hindu BusinessLine

The Hindu Business Line | 25/04/2022 10:06 PM | Click to read full article

The government aims to offload 3.5 percent of its holding in the insurance behemoth, subject to regulator approval; an application can be made by May 9. For the anchor investor, the date of application would be May 2.

The government has already filed a DRHP with the market regulator SEBI. Going by the market valuation of ₹6 lakh crore, the issue size is estimated at ₹ 21,000 crores.