A 10% stake sale would mean the size of the offering would be around ₹1.2 trillion to ₹1.5 trillion. The overwhelming response to food delivery startup Zomato’s ₹9,375 crore IPO has shown that public market investors can absorb large share sales. The LIC IPO is crucial to meeting the disinvestment target for FY22. “A final call on the size of the LIC IPO has not been taken as yet. Meeting the disinvestment target is not the sole consideration for the government.

Source: Mint July 22, 2021 19:18 UTC