Bringing an IPO of a big company like LIC was really risky at any time. Especially when the war is raging in Ukraine- Russia. European markets are in danger of collapsing at any moment in the wake of this war situation. Considering all those possibilities, the Center may postpone the date of LIC’s IPO.
With the war in Ukraine deteriorating, the Indian government has begun to think about bringing in LIC shares. Even if the situation does not improve, it is rumored that LIC shares may not be brought in the current financial year.
In fact, the Ukraine-Russia War has created uncertainty in the world market. The nature of the war also depends on the market situation in the future. Finance Minister Nirmala Sitharaman has already acknowledged the risks involved in the war.
But despite the risks, LIC was determined to bring in an IPO. The Finance Minister said, “There is enthusiasm in the market. People are interested in LIC shares. So in the meantime, we are determined to bring the insurance company’s IPO to market.” But now it is heard that the government is reconsidering that decision. There are also doubts about whether it would be right to bring in an IPO in the current market situation.
