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LIC IPO may not be as colossal as is being hyped. Here is why
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If LIC’s post-issue market capitalisation is estimated at Rs 8-10 lakh crore, then the issue size would have been Rs 80,000-1,00,000 crore as per the old rules, which can now come down to Rs 45,000-55,000 crore.
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NEW DELHI: As the government lays the groundwork and readies to seek parliamentary approval to amend the LIC Act and facilitate the mega IPO of insurance behemoth Life Insurance Corporation, market regulator Sebi has just effected some changes in the Securities Contracts Regulations 1957 to help fast-track the issue. ....

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