The mother of all listings — the LIC IPO — is just around the corner. Last week, LIC filed Draft Red Herring Prospectus with SEBI, seeking approval for its IPO. The embedded value of this 65-year old legacy institution soared more than five times in six months, creating a stir that’s typical of a technology startup that joined the unicorn club. If it hits the numbers, then it would surpass the biggest Indian IPO to date — Paytm's $2.5 billion listing.
LIC: The rare blue diamond?
LIC: The rare blue diamond?
LIC: The rare blue diamond?
The mother of all listings — the LIC IPO — is just around the corner. Last week, LIC filed Draft Red Herring Prospectus with SEBI, seeking approval for its IPO. The embedded value of this 65-year old legacy institution soared more than five times in six months, creating a stir that’s typical of a technology startup that joined the unicorn club. If it hits the numbers, then it would surpass the biggest Indian IPO to date — Paytm's $2.5 billion listing.