Lastly, the much-awaited IPO of Life Insurance coverage Company of India (LIC), the biggest insurance coverage supplier in India is right here. The IPO opens on Might 04, 2022
Allow us to all look into a number of factors that assist us reply the query ‘Why must you put money into LIC”?
- LIC was established on September 01, 1956, by merging 245 non-public life insurance coverage corporations.
- It’s a 100% Authorities-owned insurance coverage firm and it was the one life insurance coverage firm in India till the Authorities permitted non-public corporations to enter the insurance coverage discipline in 2000.
- It’s the fifth largest participant within the world life insurance coverage enviornment by way of Gross Written Premium(GWP) and the tenth largest life insurance coverage firm by way of complete property.
- It has its presence in 14 nations all around the globe with 2,048 branches, 113 divisional places of work, 8 zonal places of work, and 1,554 Satellite tv for pc Workplaces.
- It has its presence in Fiji, Mauritius, Bangladesh, Nepal, Singapore, Sri Lanka, UAE, Bahrain, Qatar, Kuwait, and the UK.
- It holds a giant share of 74.6% by way of 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 thousands and thousands) |
For the 12 months ended 31 Mar’21 (Rs. in thousands and thousands) |
For the 12 months ended 31 Mar’20 (Rs. in thousands and thousands) |
For the 12 months ended 31 Mar’20 (Rs. in thousands and thousands) |
| Complete Property | 4,09,07,867 | 3,74,64,044 | 3,41,41,745 | 3,36,63,346 |
| Complete Income | 17,573 | 29,855 | 27,309 | 26,449 |
| Revenue After Tax | 17,153 | 29,741 | 27,104 | 26,273 |
IPO Particulars
| IPO Date | Might 4, 2022 – Might 9, 2022 |
| IPO Worth | ₹ 902 to ₹ 949 per fairness share |
| Concern Dimension | 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 | Tons | Shares | Quantity (Lower-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 world insurance coverage enviornment and sophistication up your portfolio
To know the way to purchase an IPO, click on right here.
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