New Delhi: Initial Public Offering (IPO) The largest Indian life insurance company, Corporation of India (LIC) seems impossible in this financial year 2021-22, the source told NDTV. The government can delay the Mega IPO LIC about market volatility as a Russian-Ukrainian conflict goes berserk, they add.
While the center has until May 12 to launch LIC IPO without applying for fresh papers with the market regulator Sebi, the source states that the list is impossible in early April because the financial market has been whipped by a raging news flow from raging Russian-Ukrainian conflict.

On February 13, the government has submitted a draft Red Herring Prospectus (DRHP) for an IPO with a sebi, which gave its approval for the same last week.

The government plans to sell around 31.6 crore shares or 5 percent of the shares in LIC, estimated to take around ₹ 60,000 crore to FECEQUER.

At 5 percent of share dilution, LIC IPO will be the biggest in the history of Indian stock markets and after registering LIC market valuations will be proportional to top companies such as RIL and TCS.

Embedded LIC value, which is the size of the value of consolidated shareholders in insurance companies, is set around around ₹ 5.4 lakh crore on September 30, 2021, by the Milliman International Actuarial Company Advisors. Although DRHP does not disclose LIC market assessment, according to industry standards, around 3 times embedded value.

LIC has ordered up to 35 percent of the total size of the IPO for retail investors.

However, the center did not disclose discounts that will be given to policy holders or LIS employees in the sale of initial shares.