The initial public offering (IPO) of Life Insurance Corporation (LIC) of India is the most awaited share sale of this year. A decision on the date of LIC IPO is expected to be taken by the end of this week. The IPO has been deferred time and again due to high volatility and unfavourable stock market conditions which could hamper the proceeds from the share sale.
However, investors are upbeat about the prospects of the IPO, which could fetch them handsome returns. Here's a look at five things to know before applying for the LIC IPO.
LIC has clarified that subscribers of Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) are not eligible for receiving a discount on the initial public offer (IPO) share.