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LIC IPO: Should retail investors and policyholders subscribe?

"There is never a bad time for a good investment. LIC IPO can be a great opportunity for investors to make money," says Prithvi Haldea, MD of Prime Database

April 28, 2022 / 02:35 PM IST

The much-awaited initial public offering (IPO) of Life Insurance Corporation of India (LIC) will be launched on May 4. The government plans to raise Rs 20,557 crore through the issue by diluting 3.5 percent stake in the state-run insurance behemoth.

In an interview with CNBC TV-18, two industry veterans, Prithvi Haldea, MD of Prime Database, and Dipan Mehta of Elixir equities, talk about what retail investors should do and if the issue will be successful.

Edited excerpts

What is the state of the IPO market?