The central government is planning to bring the Mega Initial Public Offer (IPO) of Life Insurance Corporation (LIC) by mid-May. Market volatility after Russia’s attack on Ukraine is expected to reduce market volatility by that time. This has been said in a Bloomberg report. So far this year, the BSE Sensex has lost more than 2500 points.
Embedded value is valid till May for IPO
In a Bloomberg report, a person said on condition of anonymity that the published embedded value of Life Insurance Corporation (LIC) for the IPO is valid till May as per the rules. He added that the delay beyond this deadline means that LIC will have to calculate the embedded value based on the latest financials.
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Market volatility index close to 15 will be comfortable
A person in the report said that a market volatility index of close to 15 would be a comfortable level for the government for the IPO launch. The India NSE Volatility Index was at around 26 in Mumbai on Monday. At the same time, last year it averaged at a level of 17.9. The index touched the highest level of 31.98 on February 24 in this financial year. The government wants to raise about $ 8.5 billion by selling 5 percent stake in LIC.
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