As the most awaited IPO of this year will take longer wait as expected
As everyone is witnessing the war between Russia and Ukraine, that might change in world war 3 and that is also affecting the global market and Indian market as well. LIC has announced IPO LIC and amid that 5 % that values 65000 crores stakes of LIC will help them raise 78000 crores.
But now due to this war between Russia and Ukraine Govt is Planning to postponed the IPO launch because of low market credibility. And due to this war, the global market has been shaken down and no stability in the market. That might impact LIC IPO also and it may cause a loss for the company.