LIC IPO: how the ‘mother’ of all public issues is keeping Sebi, analysts and investors busy

LIC IPO: how the ‘mother’ of all public issues is keeping Sebi, analysts and investors busy
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A man walks past a billboard of LIC on February 1, 2021 in Kolkata, India. The Union finance minister announced LIC IPO to enter the share market in the upcoming fiscal year.

Synopsis

Amid volatile markets and degrading performance of listed insurance stocks, the government took a brave step by planning to list LIC. However, the mammoth IPO, tentatively pegged at INR50,000 crore, has a galore of challenges to overcome. Will it pass the litmus test and give desired returns to retail investors? The much-awaited DRHP may bring more clarity.

The Securities and Exchange Board of India (Sebi) is beefing up its headcount with a massive recruitment drive just ahead of the country’s biggest public issue — LIC IPO. While the primary market has been abuzz with a slew of initial public floats in the recent past, including some successful ones by New Age companies, LIC’s IPO, tentatively pegged at INR50,000 crore, will be the biggest offer for sale. It will massively surpass other large

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