CONCLUSION

The LIC IPO intentions were first mentioned in the Fiscal Budget 2020, but it took a little more
than two years to meet the target due to changes made to the rule framework, an accounting
system adjustment to reflect the listed firms, and a pandemic scare. By the way, this massive
insurer, long-term investor, and lender has now welcomed all types of investors. It cannot be
clearly aggregated with listed counterparts due to its financial play.
The long wait for LIC's highly anticipated maiden float is finally over. As we all know, the
DRHP quickly gained notoriety after it was filed, and rumours about its pricing, size, valuations,
and other details abounded. The conglomerate considered raising about Rs.68000 cr. with its first
major IPO on the basis of those tidbits, with a projected price tag of about Rs.2000 based on its
embedded value.
Thanks to the Russia-Ukraine war's impact on global markets, which made them less liquid, and
to the slowdown in the economy brought on by rising inflation. The company is launching its
first IPO with a significantly lower valuation and a token dilution of about 3.5% now that it is
ready with explanation for its issue size and pricing. The government has a reputation for being
investor-friendly, and this time it has the guts to take a risk by making a very lucrative offer to
raise more than Rs. 21,000 crore. Even so, it is the largest IPO in Indian history to date.

"Jindagi Ke Saath Bhi, Jindagi Ke Baad Bhi", "LIC that knows India better" and "Har Pal Aapke
Saath" in the true sense.
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