For Quick Alerts
For Daily Alerts

LIC Listing To Be Further Delayed Beyond FY22


As per sources who told a leading business daily, LIC listing shall further be delayed as the government may still be carrying out all the task such as restating the insurer's finances in an investor friendly way. Earlier the listing of the largest public insurer was planned for FY21.


LIC Listing To Be Further Delayed Beyond FY22

As the LIC IPO listing as well as BPCL strategic sale both failed, the divestment revenue collected in FY21 amounted to just Rs. 2.1 lakh crore. And if this fiscal year also the listing does not happens, the divestment target of Rs. 1.75 lakh crore shall be missed by a wide margin.

After the transition of LIC into Companies Act is completed, the preparation of LIC IPO shall still take 6 months time before the offer hits the market.

In December of last year, the centre appointed Milliman Advisors India as the reporting actuary for arriving at the embedded value of LIC. SBI Capital Markets and Deloitte Touche Tohmatsu India were appointed pre-IPO transaction advisors in August 2020.

Earlier in February DIPAM's secretary told that LIC could hit the bourses in Q4fy22.the IPO size will likely be in the range of 5-10%, depending on the market appetite at the time of the offer. 10% of the IPO shall be able to fetch the government Rs. 80000- Rs. 1 lakh crore.

Read more about: lic
Story first published: Monday, April 19, 2021, 12:06 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X