India’s largest initial public offering (IPO) of insurance behemoth Life Insurance Corporation of India (LIC) will hit the street on May 4, 2022. It is going to be the cheapest among its listed peers even at the higher price band of Rs 949 per share. Why so?
LIC Valuation Cheapest Among Domestic Peers. What Prompted Government To Reduce Valuation?
(link to source)
