New Delhi: According to market experts, the government is likely to postpone the LIC's massive initial public offering (IPO) until the following fiscal year because the continuing Russia-Ukraine conflict has dampened fund managers' interest in the public offering.

This month, the government planned to sell a 5 percent interest in Life Insurance Corporation (LIC), which could have brought in over Rs 60,000 crore for the government. The IPO would have aided in meeting the Rs 78,000 crore disinvestment target set for this year. "Global financial markets are nervous as a result of the present geopolitical dispute between Russia and Ukraine. The Indian stock market reacted unfavourably to the news, falling roughly 11% from its all-time high.

In a very volatile market, investors typically play it safe and avoid making new investments. As a result, the equity market must be stable in order for investors to feel comfortable investing in the LIC IPO. The LIC IPO is entirely an offer-for-sale (OFS) by the government of India, with no new shares being issued by LIC.

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