The government has said that up to 10% of the issue size in the IPO would be reserved for LIC policyholders. If the market capitalisation is Rs 15 lakh crore, the IPO size would become Rs 80,000 crore. Why is the LIC IPO important for the government? The LIC IPO is expected to meet the shortfall in that target. As of March 31, 2020 it had total assets of Rs 37.75 lakh crore and equity AUM of Rs 6.63 lakh crore.

Source: Indian Express July 22, 2021 22:31 UTC