Mumbai: Insurance coverage behemoth LIC has continued to carry roadshows, seven to eight every day, as a part of scheduled shows for potential traders. This means that LIC goes forward with its IPO as of now.
Based on sources, the federal government was planning to get round 180 institutional traders on board given the dimensions of the problem. In consequence, the company’s funding bankers had deliberate for a report variety of shows within the second half of February. It’s speculated that the problem will open within the second week of March and checklist earlier than the tip of the month.
LIC chairman MR Kumar had mentioned on Monday that lot of curiosity has been generated within the IPO. The company is increasing the potential retail market by getting policyholders to hyperlink their PAN quantity and guaranteeing that policyholders have a demat account.