Lic IPO Review And Analysis, Company Details Explained, Should You Invest In LIC Or Not
LIC IPO is the most hyped and most trending IPO of all time. It's a mega IPO which means it is one the largest IPOs of all time. LIC is the largest insurance company in India. Surely the IPO of its will be a thing. You will know all the facts about the LIC IPO in this article. We will keep you posted on the LIC IPO latest news, LIC IPO updates, and news. All the details related to the LIC IPO are available in this article.
About The LIC Company
LIC Company is the largest insurance provider company in India and also it is the most trusted insurance provider in India. This is one of the reasons which is making this IPO more exciting for the investors. LIC was founded in 1956 after merging more than 250 companies. This company is owned by the Government of India. The company deals in life insurance such as term life insurance, endowment, money back, special plans, etc. The headquarter of the company is in Mumbai. Currently, the company has its operations across India. The company has 8 zonal offices. They are in Mumbai, Delhi, Hyderabad, Chennai, Kanpur, Bhopal, and Kolkata, company also has 2048 branches. The sector of the company is financial services and the company has 111979 employees which tell us about the company size. LIC also has a very good network of agents. This company has 350 corporate agents, 1,55,000 individual agents, 120 brokers, and 115 referral agents.
The Govt will be selling only 10% stakes of LIC so the ownership of the company will still be the same.
IPO Details Of LIC
10 % of the IPO size will be reserved for its policyholders. The govt. has announced that already. If someone has their policy in LIC. They have an option to apply for the LIC IPO. The policyholders need to update their PAN number in their policy. They have been instructed to do it, they can do it by going to the LIC website.
The Govt has also announced, they are planning to raise 80,000 to 1 Lakh crore rupees through its IPO.
|
Open Date |
Yet To
Decide |
|
Close Date |
Yet To
Decide |
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Price Band |
Yet To
Decide |
|
Lot Size |
- |
|
Face Value |
- |
|
Issue Size |
80,000 –
1,00,000 Lakhs Crore |
|
Registrar |
- |
|
Fresh Issue |
- |
|
Amount For An Lot |
- |
|
Retail |
- |
|
NII |
- |
|
QIB |
- |
|
Policyholders |
10% |
LIC IPO News And Updates
Indian govt. announced it my allow to invest 20% FDI in LIC.
LIC took additional stakes in Kotak Bank.
Key Points - Strengths
LIC IPO might bring a good amount of FDI.
The company has the good financial and fundamental conditions.
LIC is the most trusted insurance provider in India. This is one of the strong points of the company.
Another key point of the company is, LIC has the highest claim settlement ratio.