LIC has reserved up to 35 percent of its total IPO size for retail investors, as per the draft papers.
"It is expected to hit the market soon, which can bring at least 1 crore new demat accounts and that could be a big positive for the dynamics of the Indian market because if 10 percent of these investors become active, then it will increase participation of retail investors and will help the government to generate revenue through STT," said Santosh Meena, head of research at Swastika Investmart.