Those who invest money in IPO are waiting for a trusted and big company to launch its IPO. Then if it is about LIC i.e. Life Insurance Corporation of India, then what to say. Many investors are eagerly waiting when LIC will launch its IPO. Now India’s Finance Secretary TV Somanathan has lifted the curtain from this suspense. He told that when LIC is going to bring its IPO.
When will LIC’s IPO come?
TV Somanathan said that LIC will launch its IPO in the first quarter of the next financial year. That is, the listing of this company will be between the first quarter of the next financial year i.e. March-June 2022.
Finance Secretary TV Somanathan said that the sale of the government’s stake in LIC will be completed between March-June next year. That is, the listing of LIC will be done by the investors by June 2022. TV Somanathan also told that the work of selling a stake in Air India will also end soon.
Bharat Petroleum also listing
At the same time, Chief Economic Advisor Krishnamurthy Subramaniam expressed confidence that the listing of LIC will be done by the fourth quarter of this year. He said this year’s budget has Rs 1.75 lakh crore as income from privatization. Air India business is doing well. You must have read that there have been two dialects. There is also a listing of Bharat Petroleum and LIC.
What is IPO?
The full form of IPO its INITIAL PUBLIC OFFERING. When a company offers its shares to the public for the first time, it has to list itself on the stock market. This is called the listing of the company. After this, the companies offer their shares to the common people. Actually, companies get funds through IPO, from which they can invest in the future of the company.