Govt planning mega LIC IPO by mid-May after markets calm down: Report

A market volatility index for India around 15 will be a comfortable level for the government to launch the IPO, says a source

India is looking at a mid-May timeline for launching the mega initial public offering of its largest insurer with hopes that the market volatility triggered by Russia’s invasion of Ukraine will subside, according to people familiar with the matter, Bloomberg reported.

Life Insurance Corp.’s published embedded value will be valid for the IPO until May as per rules, said the people, who declined to be named as the information is not public yet. A delay beyond that would mean LIC would have to re-calculate the embedded value, a key valuation gauge for insurance firms, based on the latest financials, they