Saturday, October 1, 2022
HomeMutual FundWhy must you put money into LIC IPO?Insights

Why must you put money into LIC IPO?Insights


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 Might 04, 2022

Allow us to all look into a couple 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 personal 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 personal corporations to enter the insurance coverage area in 2000. 
  • It’s the fifth largest participant within the international life insurance coverage enviornment 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 nations everywhere in the globe with 2,048 branches, 113 divisional workplaces, 8 zonal workplaces, 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% 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 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
Difficulty 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?

Put money into one of many largest insurance coverage suppliers within the international insurance coverage enviornment and sophistication up your portfolio

To know easy methods to purchase an IPO, click on right here.

Different articles you might like



Submit Views:
4,832

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments