Lastly, the much-awaited IPO of Life Insurance coverage Company of India (LIC), the most important insurance coverage supplier in India is right here. The IPO opens on Could 04, 2022
Allow us to all look into a couple of factors that assist us reply the query ‘Why do you have to put money into LIC”?
- LIC was established on September 01, 1956, by merging 245 personal life insurance coverage firms.
- It’s a 100% Authorities-owned insurance coverage firm and it was the one life insurance coverage firm in India till the Authorities permitted personal firms to enter the insurance coverage area in 2000.
- It’s the fifth largest participant within the international life insurance coverage area when it comes to Gross Written Premium(GWP) and the tenth largest life insurance coverage firm when it comes to complete belongings.
- It has its presence in 14 international locations everywhere in the globe with 2,048 branches, 113 divisional places of work, 8 zonal places of work, and 1,554 Satellite tv for pc Places of work.
- It has its presence in Fiji, Mauritius, Bangladesh, Nepal, Singapore, Sri Lanka, UAE, Bahrain, Qatar, Kuwait, and the UK.
- It holds an enormous share of 74.6% when it comes to all the person life insurance coverage issued in India yearly.
- It has round 290 million lively life insurance coverage insurance policies.
Aggressive Benefits
- Largest insurance coverage supplier in India
- It has earned an enormous quantity of belief within the public for each life insurance coverage in addition to funding merchandise. In easy phrases, LIC is synonymous with insurance coverage in India.
- Over 13.5 lakh brokers who assist in the expansion of LIC’s enterprise.
Firm Financials
| Particulars | For the 12 months ended 31 Dec’21 (Rs. in hundreds of thousands) | For the 12 months ended 31 Mar’21 (Rs. in hundreds of thousands) | For the 12 months ended 31 Mar’20 (Rs. in hundreds of thousands) | For the 12 months ended 31 Mar’20 (Rs. in hundreds of thousands) |
| Whole Property | 4,09,07,867 | 3,74,64,044 | 3,41,41,745 | 3,36,63,346 |
| Whole Income | 17,573 | 29,855 | 27,309 | 26,449 |
| Revenue After Tax | 17,153 | 29,741 | 27,104 | 26,273 |
IPO Particulars
| IPO Date | Could 4, 2022 – Could 9, 2022 |
| IPO Worth | ₹ 902 to ₹ 949 per fairness share |
| Challenge Measurement | Fairness Shares of ₹ 10 (aggregating as much as ₹22,13,74,920 Cr) |
| Market Lot | 15 shares |
| Minimal Order Amount | 15 shares |
| Worker Low cost | Rs. 45 per share |
| Policyholder Low cost | Rs. 60 per share |
| Retail Low cost | Rs. 45 per share |
| Itemizing At | BSE, NSE |
| Utility | Heaps | Shares | Quantity (Minimize-off) |
| Minimal | 1 | 15 | ₹14,235 |
| Most | 14 | 210 | ₹ 1,99,290 |
So, why are you ready?
Spend money on one of many largest insurance coverage suppliers within the international insurance coverage area and sophistication up your portfolio
To know tips on how to purchase an IPO, click on right here.
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