After IRCTC’s Huge Success, LIC’s IPO To Hit Stock Market As Govt Seeks To Sell Part Of Its Stake

In a big news for Indian investors an initial public offering (IPO) of Life Insurance Corporation of India (LIC) will soon hit the stock market as the government seeks to sell part of its stake under the disinvestment programme.

This announcement was made by Finance Minister Nirmala Sitharaman during her budget speech,

Incidentally, this announcement comes after the huge success of IRCTC’s IPO. The shares which were offered in a price band of Rs 315-320 opened up on the market for the price of around Rs 640. The IRCTC’s current share price is Rs 1,223.