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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 Could 04, 2022

Allow us to all look into just a few 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 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 non-public firms to enter the insurance coverage discipline 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 whole property. 
  • It has its presence in 14 international locations 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% 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 tens of millions)
For the 12 months ended 31 Mar’21
(Rs. in tens of millions)
For the 12 months ended 31 Mar’20
(Rs. in tens of millions)
For the 12 months ended 31 Mar’20
(Rs. in tens of millions)
Complete Belongings 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 Could 4, 2022 – Could 9, 2022
IPO Worth ₹ 902 to ₹ 949 per fairness share
Subject 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 (Lower-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 area and sophistication up your portfolio

To know purchase an IPO, click on right here.

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