LIC IPO size cut by one-third, valuation by half
The reduced valuation of the IPO along with the current despondency of the market raise questions over the prudence and the necessity of launching an IPO of a crown jewel like LIC.
The reduced valuation of the IPO along with the current despondency of the market raise questions over the prudence and the necessity of launching an IPO of a crown jewel like LIC.
This is one of the fastest DRHP approvals by SEBI, coming in only 24 days after LIC filed the draft papers with the regulator.