{"id":1318,"date":"2022-03-09T08:38:42","date_gmt":"2022-03-09T08:38:42","guid":{"rendered":"https:\/\/www.invest19.com\/blog\/?p=1318"},"modified":"2022-03-10T01:15:34","modified_gmt":"2022-03-10T01:15:34","slug":"lic-gets-sebis-approval-to-launch-the-ipo","status":"publish","type":"post","link":"https:\/\/www.invest19.com\/blog\/lic-gets-sebis-approval-to-launch-the-ipo\/","title":{"rendered":"LIC gets SEBI\u2019s approval to launch the IPO"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div>\n<p>India is prepared for massive disinvestment by the Government of India. In Fy2022, the government has set a disinvestment target of Rs 1.75 lakh crore, with strategic sale of IDBI Bank, BPCL, Shipping Corporation, Container Corporation, Neelachal Ispat, Pawan Hans among others. In this process, the Life insurance corporation is the most waited IPO for the stock market, which is expected in the last quarter of FY2021-2022.<\/p>\n\n\n\n<p>After dwelling for\nmonths over its valuation process of the mammoth insurer of the country, LIC\nhas finally got the approval from the market watchdog Securities exchange board\nof India to launch its IPO. The approval came after 22 days of filling of DRHP\nwith SEBI.<\/p>\n\n\n\n<p>The LIC IPO is expected to\ngarner Rs64,500 crores through an offer for the sale of 31.6 crores shares. Out of total outstanding shares of\n632.49 crores equity shares, this is only a 5% stake of the Indian government\nin LIC.<\/p>\n\n\n\n<p><strong>Details of LIC\nIPO is given as under:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Issue\nType-Offer for sale of shares<\/li><li>Issue\nSize- 31,62,49,885 equity shares<\/li><li>Reserved\nshares<\/li><li>Qualified\ninstitutional investors-50%<\/li><li>Non-Institutional\nInvestor-15%<\/li><li>Retail\nInvestors-35%<\/li><\/ul>\n\n\n\n<p><strong>The question lies, when will the IPO be launched in\nthe market?<\/strong><\/p>\n\n\n\n<p>Amid ongoing geopolitical tension between Russia and\nUkraine might delay the IPO launch as there is high volatility in the market.\nHowever, the IPO approval remains valid for 12 months from the day, the firm\ngets SEBI\u2019s nod to go ahead with the IPO. <\/p>\n\n\n\n<p>Thus investors will have to hold on to the grip till\nfurther details on the launch of the biggest ever IPO see the sunlight.<\/p>\n<div class='epvc-post-count'><span class='epvc-eye'><\/span>  <span class=\"epvc-count\"> 1,905<\/span><\/div><div class=\"pld-like-dislike-wrap pld-template-1\">\n    <div class=\"pld-like-wrap  pld-common-wrap\">\n    <a href=\"javascript:void(0);\" class=\"pld-like-trigger pld-like-dislike-trigger \" title=\"\" data-post-id=\"1318\" data-trigger-type=\"like\" data-restriction=\"ip\" data-ip-check=\"0\" data-user-check=\"1\">\n                        <i class=\"fas fa-thumbs-up\"><\/i>\n                    <\/a>\n    <span class=\"pld-like-count-wrap pld-count-wrap\">3    <\/span>\n<\/div><\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>India is prepared for massive disinvestment by the Government of India. In Fy2022, the government has set a disinvestment target of Rs 1.75 lakh crore, [&hellip;] <span class=\"read-more-link\"><a class=\"read-more\" href=\"https:\/\/www.invest19.com\/blog\/lic-gets-sebis-approval-to-launch-the-ipo\/\">Read More<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":1319,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[180,70,10],"tags":[],"class_list":["post-1318","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-ipo","category-featured"],"_links":{"self":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/1318","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/comments?post=1318"}],"version-history":[{"count":2,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/1318\/revisions"}],"predecessor-version":[{"id":1338,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/1318\/revisions\/1338"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/media\/1319"}],"wp:attachment":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/media?parent=1318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/categories?post=1318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/tags?post=1318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}