State-run Life Insurance Corporation (LIC)’s upcoming initial public offering (IPO) could bring discounts to its millions of policyholders as the government prepares to file a draft red herring prospectus (DRHP) or offer document this week, Department of Investment and Public Assets Management (Dipam) secretary Tuhin Kanta Pandey said.
“Under the retail window, there are certain reservations. We also have a policyholder window. We have provided under the LIC Act that we can offer policyholders up to 10% of the issuance at a discount on a competitive basis. There will also be reservations for employees, “He said.
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