The public issue of Life Insurance Corporation of India (LIC) has finally come at a price where it looks like the government wants to do a deal, said Samir Arora, Founder and Fund Manager, Helios Capital, in an interview with CNBC TV-18.
Samir Arora said the LIC IPO looks quite cheap at its current valuation. "The only issue is low float," he said. The LIC valuation is now at close to Rs 6 lakh crore, from Rs 17 lakh crore estimated earlier.
"We might apply for the LIC IPO. We have not tried for applying as an anchor investor due to the lock-in period and other complexities involved," Arora said.