1 / 10The government and investor bankers are likely to meet on the IPO of the Life Insurance Authority of India (LIC), the country's largest insurer. The meeting may discuss the finalization of the IPO structure.2 / 10LIC IPO price band can be up to Rs. 1550 to Rs. 1700 per share. The government plans to raise LIC IPO from Rs 63,000 crore to Rs 65,000 crore. The government may also extend the scope of LIC IPO.3 / 10Now the IPO can increase from 31.62 crores to 38 crore shares. LIC IPC will not sell more than a 6 percent stake in the government scheme. The IPO size is likely to increase.4 / 10According to the report, the central government is likely to take a decision on valuation and size soon. The government is also expected to hand over a new prospectus to SEBI this week. After the approval of SEBI, the deadline for LIC IPO is May 12.5 / 10The government has also amended the Foreign Exchange Management Act (FEMA) rules. This has paved the way for up to 20 percent foreign direct investment (FDIE) in insurance giant Life Insurance Corporation (LIC).6 / 10Most investors are keen to invest in LIC IPOs. Many are also talking about investing in an IPO for the first time. But recently Paytm and other IPOs have disappointed investors. Therefore, everyone's attention has been drawn toward LIC IPO.7 / 10The government has till May 12 to launch the IPO without submitting new documents to SEBI. If the LIC IPO is not launched by this deadline, the central government is likely to have to re-submit the documents.8 / 10LIC's IPO will be the largest IPO in the history of the Indian stock market. So far, the amount collected from Paytm's IPO was the highest in 2021. Paytm had raised Rs 18,300 crore from the IPO.9 / 10According to sources, LIC's market capitalization will be on par with top companies like Reliance Industries and TCS. Reliance has a market capitalization of Rs 18 lakh crore. TCS has a market capitalization of around Rs 14 lakh crore.10 / 10The proposal, filed by LIC on February 13, 2022, was approved by SEBI. This paved the way for the sale of shares. The Russia-Ukraine war has sent shockwaves through the stock market.