Although an official valuation of LIC is yet to be completed, its estimated value is expected to be around ₹12-15 lakh crore. An IPO of 10% would mean the size of the offering would be around ₹1.2 lakh crore to ₹1.5 lakh crore, which is unprecedented. img src="https://images.hindustantimes.com/images/app-images/2021/7/23jul-flap1.jpg“ width="100%"/>The equity market is buoyant. It has exhibited immense interest in food delivery startup Zomato’s ₹9,375 crore IPO that was subscribed 38 times. “A final call on the size of the LIC IPO has not been taken as yet.

Source: Hindustan Times July 22, 2021 18:11 UTC