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LIC IPO | Fair and attractive valuation to draw retail investors significantly: DIPAM secretary

According to the DIPAM secretary, LIC valuation is “fair and attractive” and the decision to list LIC was after taking into account factors like market demand, reduced mkt volatility, domestic flows and LIC performance.

April 27, 2022 / 02:28 PM IST

Tuhin Kanta Pandey, secretary of the department of investment and public asset  management (DIPAM), on 27 April said the government expects significant retail participation for the public issue of country's largest insurer, Life Insurance Corporation of India (LIC).

The government has taken extensive feedback from merchant bankers to determine valuation, Pandey said speaking at a press conference in Mumbai on 27 April.

According to the DIPAM secretary,  LIC valuation  is “fair and attractive” and the decision to list LIC was after taking into account factors like market demand, reduced mkt volatility, domestic flows and LIC performance.

The decision to list Life Insurance Corporation of India (LIC) was taken after considering market demand, reduced market volatility and company's performance, Pandey said. Further, there is no plan to bring any follow on public offer (FPO) in the next one year, Pandey added.