Govt can float LIC IPO without fresh filing till May 12: Reports

The government has time till May 12 to float the LIC IPO without filing fresh papers with SEBI, PTI reported. If the deadline is missed, the government will have to file fresh papers with Q3 FY22 results and an updated embedded value. "We're watching the volatility and will file the red herring prospectus giving price band soon," an official said.