Daily Voice | It will be rough sailing if LIC IPO is launched as planned: Rakesh Singh of Fisdom Broking

Daily Voice | It will be rough sailing if LIC IPO is launched as planned: Rakesh Singh of Fisdom Broking

The invasion of Ukraine by Russia has dampened market sentiment. But “given the government's asserted stance and commitment to completing the LIC IPO within the financial year, the probability of a deferment seems to be on the lower side,” says Rakesh Singh, CEO of Fisdom Stock Broking.

Having said that, if the IPO is launched as planned, he believes it will be sailing on extremely rough seas.

Media reports have indicated that LIC could launch its IPO in the second week of March.

On FII outflows, which have been significant in the last five months, with net selling at Rs 1.8 lakh crore, Singh, who has two decades of experience in banking and wealth management, says the Russia-Ukraine standoff can be a catalyst and accelerate the outflow of foreign capital.

Edited excerpts from an interaction with Moneycontrol follow:

Russia has attacked Ukraine. Do you think the sanctions imposed by Western countries, and select Asian nations, could have any impact?

While the jury is out on whether such sanctions will have the desired effect on the geopolitical stress, it is almost definite that the sanctions will have an adverse effect on global trade and associated economics. Sanctions within the realm of possibilities can be expected