<p>IPO-bound state-run insurer Life Insurance Corporation of India (LIC) is expecting between 7.5 and 10 lakh retail investors to apply for its stock market debut, a media report said.</p>.<p>The investors are expected to contribute as much as Rs 25,000 crore to the total sale in the IPO period, <em>The Economic Times</em> <a href="https://economictimes.indiatimes.com/markets/ipos/fpos/lic-aims-to-tap-one-seventh-of-total-demat-a/c-holders-to-raise-up-to-rs-25000cr/articleshow/89671579.cms" target="_blank">reported</a>, with the average ticket size expected to be between Rs 30,000-40,000, according to people familiar with the matter.</p>.<p>The IPO, valued at around Rs 60,000 crore, is likely to launch by March 11 for anchor investors, with bidding opening for other investors a few days later.</p>.<p><strong>Also read: <a href="https://www.deccanherald.com/business/business-news/lic-likely-to-launch-rs-60000-cr-ipo-on-march-11-1082841.html" target="_blank">LIC likely to launch Rs 60,000 cr IPO on March 11</a></strong></p>.<p>The government is rushing to complete the IPO by the end of March to meet its 2021/22 fiscal deficit target of 6.4 per cent of gross domestic product (GDP), which is contingent on it raising around Rs 60,000 crore from the issue.</p>.<p>"Investment bankers are moving aggressively to tap individual participation amid a good number of interests from them across the country," a senior executive involved in the share sale told <em>ET</em> on condition of anonymity.</p>.<p><em>(With agency inputs)</em></p>.<p><strong>Watch latest videos by DH here:</strong></p>
<p>IPO-bound state-run insurer Life Insurance Corporation of India (LIC) is expecting between 7.5 and 10 lakh retail investors to apply for its stock market debut, a media report said.</p>.<p>The investors are expected to contribute as much as Rs 25,000 crore to the total sale in the IPO period, <em>The Economic Times</em> <a href="https://economictimes.indiatimes.com/markets/ipos/fpos/lic-aims-to-tap-one-seventh-of-total-demat-a/c-holders-to-raise-up-to-rs-25000cr/articleshow/89671579.cms" target="_blank">reported</a>, with the average ticket size expected to be between Rs 30,000-40,000, according to people familiar with the matter.</p>.<p>The IPO, valued at around Rs 60,000 crore, is likely to launch by March 11 for anchor investors, with bidding opening for other investors a few days later.</p>.<p><strong>Also read: <a href="https://www.deccanherald.com/business/business-news/lic-likely-to-launch-rs-60000-cr-ipo-on-march-11-1082841.html" target="_blank">LIC likely to launch Rs 60,000 cr IPO on March 11</a></strong></p>.<p>The government is rushing to complete the IPO by the end of March to meet its 2021/22 fiscal deficit target of 6.4 per cent of gross domestic product (GDP), which is contingent on it raising around Rs 60,000 crore from the issue.</p>.<p>"Investment bankers are moving aggressively to tap individual participation amid a good number of interests from them across the country," a senior executive involved in the share sale told <em>ET</em> on condition of anonymity.</p>.<p><em>(With agency inputs)</em></p>.<p><strong>Watch latest videos by DH here:</strong></p>