@factkeeps
At an expected mop-up of Rs 21,000 crore, the LIC IPO will be the largest public issue in the history of the Indian capital market.
The government will dilute 3.5 percent stake in the state-run insurance giant by selling around 22 crore shares.
LIC maintains around a 60% market share and it could be a good company to invest with a medium- to long-term view
LIC has reserved 10 percent of the issue size for policyholders, and 5 percent for employees, and also giving a discount to them in the IPO.