LIC IPO: State-run insurer plans to keep the issue price low; expected share price around Rs 1700
A group of Ministers will be holding a discussion to decide the share price of the Life Insurance Corporation of India (LIC) public issue, which is set to hit the markets this month. The GoM will decide on the valuation of the share price and the estimated issue size. Zee Business's Anurag Shah reports.
LIC IPO will be country's largest Initial Public Offering (IPO) and the state-run insurer has already filed its Draft Red Herring Prospectus (DRHP)with Securities and Exchange Board of India (SEBI).