Life Insurance Corporation of India (LIC) on Sunday released its draft red herring prospectus (DRHP) for its proposed initial public offering (IPO). The proposed LIC IPO will be India's biggest share sale of all time. The government is selling 31.6 crore shares of LIC, equivalent to five percent of the company's total equity of around 632 crore shares. The much awaited DRHP of LIC comes at a time when a majority of initial share sales have enjoyed a robust response from investors. The government has set a disinvestment target of Rs 65,000 crore for FY23, as announced in the Union Budget, and lowered the goal for FY22 by 55 percent to Rs 78,000 crore. . . . . sharemarketfacts #sharemarkets #sharemarketstudies #sharemarketing #sharemarketmumbai #sharemarketeducation #sharemarketipo #sharemarketinvesting #sharemarkethindi #sharemarketupdate #sharemarketupdates #sharemarket #sharemarkettips #sharemarketindia #sharemarkettraining #sharemarketnews #sharemarketguide #sharemarketknowledge #sharemarketbasics #sharemarket_ipo (at Lucknow The Smart City - The Smart Citizens Lucknow) https://www.instagram.com/p/CZ8wVIOFns3/?utm_medium=tumblr