Quote on LIC IPO announcement on the allocation of 60% to listed entities the impact and outlook By Dr. V K Vijayakumar, Geojit Financial
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Below is quote on LIC IPO announcement on the allocation of 60% to listed entities the impact and outlook By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"The IPO of LIC will set many trends. It will be the largest ever IPO in India. Also if the policyholders utilize the opportunity to subscribe to the proposed 10% of the IPO reserved for them, it will lead to the opening of several lakhs of Demat accounts further accelerating the equity cult in the country. The listing of the LIC share will help boost India's market cap and bring the much-needed disinvestment proceeds to the government. A low will depend on how the IPO is priced"
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