NEW DELHI: At Rs 20,557 crore, the Life Insurance Corporation's (LIC) initial public offering (IPO), which opens for the retail investors today, is certainly the biggest till date in India.
It is also the first to enter the market with Rs 20,000-crore or more issue, which, at its listing on May 17, will command a market capital of Rs 6 lakh crore — possibly the highest for any stock listing.