LIC is not a company how can it be listed?

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(१)LIC is not a company so Govt. iska ipo kaise la sakti hai?
(२) if it got listed, will it consider as listed company?
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Future plan is to privatise, wait and watch.

LIC is the largest life insurance company in India with an asset value of over 2,529,390 crores. LIC of India was created on 1st September 1956 when the government of India passed the Life Insurance of India Act, nationalising the private insurance industry in India

So IPO can be used

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