The government of India is likely to list the Life Insurance Corporation (LIC), for initial public offering (IPO) on March 11, this year. LIC, which is the country’s largest insurer filed the draft herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) on February 13. Touted as India’s biggest IPO, it involves the government offering for sale its entire stake at LIC at an amount of Rs 18,000 crore. IPO refers to the first issue of shares to the public of a company that is either privately owned or which is owned wholly by the government. It provides an opportunity for public investors to own shares in IPO-bound companies.