India is planning one of the biggest IPOs ever. The government plans to sell a 5% stake in Life Insurance Corp of India and is aiming to raise around Rs 654 billion, for which roadshows have already begun. Shares could be priced between Rs 2,000 to Rs 2,100 each. The issue is slated to run from March 10-14 if regulatory approvals come in on time.
Life Insurance Corporation of India has reserved up to 35 percent of its total IPO size for retail investors.
