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New update on LIC IPO launch date, government to raise Rs 50,000 crore!

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Once listed, LIC’s market capitalization will be at par with top companies like Reliance Industries and TCS. Let us tell you that the market capitalization of Reliance is Rs 18 lakh crore. The government will raise Rs 50,000 crore through this IPO.

Let us tell you that the market regulator SEBI has time till May 12 to bring the IPO to the government without filing new documents. If the IPO is not launched by this deadline, the documents will have to be resubmitted.

New update on LIC IPO launch date government to raise.webp

The report said that the government is in talks to sell a 7% stake in LIC through an IPO. If this happens, then LIC’s IPO will be the biggest IPO ever in the history of Indian stock market. Till now, the amount raised from Paytm’s IPO was the highest in 2021. Paytm raised Rs 18,300 crore from IPO. This was followed by the IPO of Coal India (2010) at around Rs. 15,500 crore and Reliance Power (2008) Rs. 11,700 crores.

Competition for Reliance-TCS: Also, once listed, LIC’s market capitalization will be at par with top companies like Reliance Industries and TCS. Let us tell you that the market capitalization of Reliance is Rs 18 lakh crore. At the same time, the market capitalization of TCS is around Rs 14 lakh crore.

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