LIC IPO Price – What You Need to Know

The size of the LIC IPO is expected to surpass Rs 50 billion, given that the government has been eyeing to offload around 15% of its shares in the next couple of years. According to the DRHP, the issue size will be up to Rs 50 billion. A recent report from actuarial firm Milliman Advisors LLP estimates that LIC's embedded value will be Rs 5.39 trillion at September 30, 2021.