LIC IPO Update: If you want to apply in the biggest LIC (Life Insurance Corporation) IPO (Initial Public Offering) of 2022, then put your efforts. Start raising funds to apply for IPO. Actually LIC can file Draft Red Herring Prospectus in the third week of January 2022 with the stock market regulator SEBI to bring its mega IPO. Top officials of LIC have indicated this during their meeting with global investors.
Listing on Stock Exchange by March 2022
In any case, LIC wants to get its listing done on the stock exchange in March 2022 before the end of the 2021-22 financial year. It is believed that LIC’s IPO can be of size of Rs 1 lakh crore. This will be the biggest IPO in India’s capital market history.
According to media reports, during the meeting with global investors, LIC officials told them that LIC’s major focus is on pension plans, annuities, health insurance and ULIPs and the launch of such products is being increased continuously. LIC’s focus is on Bancassurance. When banks sell insurance plans through their branches, it is called Bancassurance. LIC is partnering with different partners to increase its stake in Bancassurance. LIC is also focusing on hiring new agents.