LIC may become biggest firm by m-cap; valuation can hit Rs 10 trn: Experts

Insurance behemoth LIC is likely to become the country's biggest company by market capitalisation with an estimated valuation of Rs 8-10 lakh crore as market participants expect it to be the "IPO of the decade", akin to the Saudi Aramco listing.

Finance Minister Nirmala Sitharaman on Saturday said LIC will be listed as part of the government disinvestment initiative.

"LIC is likely to become the country's biggest company by market capitalisation on the day of the listing given that it is the largest company in terms of assets under management (AUM)," Kajal Gandhi, Analyst, ICICI Direct said.

It being an over 60-year-old company,