LIC IPO Date 2021 Unlikely To Take Place This Fiscal LIC IPO Launch Date


LIC IPO Date Update: If you also have a plan to invest money in LIC’s IPO, then this is the news of your work. Investors across the country have been waiting for LIC’s IPO for a long time, so let us tell you that you may have to wait longer for the company’s IPO.

IPO is unlikely to come in the current financial year
Public sector insurer Life Insurance Corporation of India (LIC) took more time than expected for its valuation, its initial public offering (IPO) is unlikely to come in the current financial year.

senior officer informed
A senior official of a merchant banker, who is involved in the preparations for the IPO, says that the work of valuation of this huge public company is not yet complete and it may take some more time. Even after the completion of the evaluation work, it will take time to complete many regulatory processes related to the issuance.

Permission has to be taken from IRDA
The official said that prior approval of the market regulator Securities and Exchange Board of India (SEBI) will have to be taken before bringing the IPO. Apart from this, permission will also have to be taken from the Insurance Regulation and Development Authority of India (IRDAI), the regulatory body of the insurance sector. The post of IRDAI chief has been lying vacant for nearly seven months.

The process of evaluating an IPO is very difficult
According to this official, in such a situation, the possibility of LIC’s IPO coming in the financial year 2021-22 is very less. Now only three months are left in this financial year. The evaluation of LIC is a very complicated process in itself. The reason for this is that the size of LIC is very large and its product structure is also mixed. It has real estate assets and also several ancillary units.

government is trying
Another official said that even the size of the share sale cannot be decided till the valuation work is not completed. The government is trying to bring LIC’s IPO in the current financial year itself. In fact, this IPO can play a very important role in achieving the disinvestment target of Rs 1.75 lakh crore this fiscal. Apart from this, the government also has high hopes from the strategic sale of BPCL.

Government moving towards disinvestment
Recently, Union Finance Minister Nirmala Sitharaman had said that the government is moving well in the direction of disinvestment. He had said that it takes time to rectify the shortcomings of the bureaucracy and various departments, but the government is trying to speed it up.

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