LIC IPO proceeds account for over half of disinvestment achieved so far in FY23. What to expect in budget 2023? DIPAM's data revealed that so far in FY23, CPSEs disinvestment is to the tune of ₹31,106.64 crore --- which would be 47.85% of the budgeted estimates of ₹65,000 crore for FY23..Of the total disinvestment receipts achieved so far in FY23, strategic sale in LIC via IPO accounted for nearly 66%.