![]() ![]() The sale proceeds will also help the government surpass the revised annual asset sales target of ₹78,000 crore for the year ending 31 March. At this level, the listing is set to break records of the total funds raised by an Indian company by a wide margin. “However, the government is seeking three-to-five times LIC’s embedded value," the person added.Īt three times the embedded value, the IPO offer size is expected to be about ₹75,000 crore. “Private insurers are trading at 2.5-3.5 times their embedded value," the investment banker said, seeking anonymity. ![]() However, the actual money raised will depend on investor appetite. ![]() Based on the ₹5.39 trillion embedded value worked out by actuarial firm Milliman Advisors, the government is seeking a valuation of at least ₹15 trillion for LIC, said an investment banker, who is part of the syndicate advising the government on the share sale. ![]()
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