News > 'LIC IPO Plans on Track, Should Happen This Year Itself'

'LIC IPO Plans on Track, Should Happen This Year Itself'

The government has received the LIC valuation report and is likely to file a draft red herring prospectus (DRHP) for its much-awaited initial public offer (IPO) within a week.

The government may look to offload a 5 per cent stake initially for Rs 65,000 crore to Rs 75,000 crore, which will meet the revised divestment target of Rs 78,000 crore for FY22.