LIC IPO launch likely in mid- or end-April; decision may come soon

Dipam deems situation suitable for listing

Government officials have suggested mid- or end-April dates to the top ministers’ panel for the IPO of the Life Insurance Corporation of India (LIC). The ministers’ panel comprises Finance Minister Nirmala Sitharaman and Road, Transport and Highways Minister Nitin Gadkari.

The panel is likely to make its decision soon and give a go-ahead to officials to prepare for the launch of the initial public offering (IPO).

The Department of Investment and Public Asset Management (Dipam), along with government-appointed intermediaries, conducted market assessment and concluded that the present situation was suitable for the listing of India’s largest insurer. The listing plan