Mumbai: Insurance behemoth LIC has continued to hold roadshows, seven to eight daily, as part of scheduled presentations for potential investors. This indicates that LIC is going ahead with its IPO as of now.
According to sources, the government was planning to get around 180 institutional investors on board given the size of the issue. As a result, the corporation’s investment bankers had planned for a record number of presentations in the second half of February. It is speculated that the issue will open in the second week of March and list before the end of the month.
LIC chairman M R Kumar had said on Monday that lot of interest has been generated in the IPO. The corporation is expanding the potential retail market by getting policyholders to link their PAN number and ensuring that policyholders have a demat account.
According to sources, the government was planning to get around 180 institutional investors on board given the size of the issue. As a result, the corporation’s investment bankers had planned for a record number of presentations in the second half of February. It is speculated that the issue will open in the second week of March and list before the end of the month.
LIC chairman M R Kumar had said on Monday that lot of interest has been generated in the IPO. The corporation is expanding the potential retail market by getting policyholders to link their PAN number and ensuring that policyholders have a demat account.
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