LIC will be fifth most-valued firm post IPO with m-cap of Rs 6 trillion

Valuation fair and attractive; won't dilute stake for a year: Govt

Life Insurance Corporation of India (LIC) is launching the biggest initial public offering (IPO) in the history of the Indian capital market at about Rs 21,000 crore. The share sale, which opens on May 4, will make the insurer the fifth-largest listed company in the country with a market capitalisation of Rs 6.02 trillion, assuming the upper price band of Rs 949 a share. LIC has fixed the price band at Rs 902-949 per share for the IPO.

LIC will also become the fourth most valuable insurer globally — after Ping An Insurance of China, AIA Group, and China Life