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LIC Races Against Time to List in FY22

LIC Races Against Time to List in FY22

Even as the tenure of LIC Chairman M.R. Kumar was extended by a year, FM Nirmala Sitharaman announced in her Budget speech that LIC’s IPO is “expected shortly”.

LIC Chairman M.R. Kumar LIC Chairman M.R. Kumar

Brace for a race against time. Even as the tenure of LIC Chairman M.R. Kumar was extended by a year, FM Nirmala Sitharaman announced in her Budget speech that LIC’s IPO is “expected shortly”. At the post-budget briefing, the DIPAM secretary said the draft document will be filed in two weeks. Now, it takes the regulator typically well over a month to clear the draft document. So, can LIC’s IPO hit the bourses in FY22? It’s touch and go.