Working group monitoring back-end tech readiness for LIC IPO: DIPAM Secy

In a Q&A, Tuhin Kanta Pandey that as crores of applications are expected, testing to that scale is needed to avoid hiccups in the application process and movement of funds

A working group has been constituted to check the technology (tech) readiness level for Life Insurance Corporation (LIC) of India's initial public offering (IPO) - estimated to be India’s largest listing and expected to receive massive investor response. Department of Investment and Public Asset Management (DIPAM) Secretary TUHIN KANTA PANDEY in conversation with Nikunj Ohri says with millions of applications anticipated, thorough testing is required to avoid glitches in the application process and movement of funds. He says while the Revised Estimates (RE) for divestment factor in the LIC IPO proceeds, they were also made when the size of the