Will LIC IPO happen in FY22? Analysts expect lower divestment target in Budget SECTIONS Share Synopsis Analysts have projected the divestment target for FY21 at around Rs 40,000-70,000 crore against the ambitious goal of Rs 2.1 lakh crore target set for FY21. The divestments may see a possible upside risk if the LIC IPO is executed, say analysts. NEW DELHI: While Dalal Street is keenly awaiting LIC IPO and key strategic divestments next financial year, a few brokerages believe the divestment target for FY22 could be set at a lower level than FY21, as a few of the prospective IPOs may see procedural delays.