LIC IPO: Will the reduced offer size help garner investor interest?

After a double-delay to launch Life Insurance Corporation’s (LIC’s) initial public offer (IPO), first due to Covid-19-led pandemic and later the Russia-Ukraine war, India’s largest insurance firm, is expected to open the much-awaited IPO from May 4.

While analysts remain mixed on how the government’s largest-ever IPO would perform on Dalal Street, they expect the issue to sail through as the markets have staged strong recovery from March lows.

“We expect high-net worth individuals (HNIs) and retail investors to dig into the IPO pie, depending on the valuation size and price band of the issue,” said Gaurang Shah, Vice-President at