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Investment bankers, officials in race against time to launch LIC IPO

The market regulator took average 76 days to decide on 110 DRHPs filed in the past two years

LIC IPO
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Samie ModakBloomberg Mumbai
Investment bankers and bureaucrats are burning the midnight oil in their race against the clock to ensure that the country’s premier insurer Life Insurance Corporation of India's (LIC) offering hits the primary market by the end of this financial year.
With less than 60 working days left for the year to end, they have to follow tight timelines. The insurance megalith is expected to file its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) by the end of this month.

The market regulator would then issue its so-called “final observations” before the company could launch

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First Published: Jan 19 2022 | 12:51 AM IST

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