business

Mega LIC IPO: Draft papers filed, what do we know and what’s next?

The LIC IPO is expected to be the biggest ever in the history of the Indian capital markets. In November, Paytm broke the earlier record for the largest domestic IPO with its Rs 18,300-crore issue. Prior to that, the record was held by Coal India which raised around Rs 15,000 cr via an IPO in 2010. In December 2019, Saudi Arabian government owned oil major Saudi Aramco raised around $25.6 bn in the world’s biggest ever IPO. The mega IPO by the state-owned insurance behemoth is expected to help the government meet its revised disinvestment target of Rs 78,000 crore for the fiscal and also tap a legion of new retail investors, including policyholders. Watch the video for more.

first published: Feb 14, 2022 07:44 pm