Axis Capital Limited
BofA Securities India Limited
Citigroup Global Markets India Private Limited
Goldman Sachs (India) Securities Private Limited
ICICI Securities Limited
J.P. Morgan India Private Limited
JM Financial Consultants Private Limited
Kotak Mahindra Capital Company Limited
Nomura Financial Advisory And Securities (India) Pvt Ltd
SBI Capital Markets Limited
Life Insurance Corporation of India (LIC) is the largest insurer in the country. It is one of the most trusted brands in the financial sector. LIC has the legacy of more than 65 years in India. It is the largest asset manager in India with the AUM of Rs 36.7 trillion. Its AUM on a standalone basis was equal to 18% of India’s GDP for FY21. While the Indian government has staunchly maintained control of this entity since its inception, the company is finally getting ready for its initial public offering (IPO). It also has subsidiaries in Singapore along with joint ventures in Bahrain, Kenya, Sri Lanka, Nepal, Saudi Arabia, and Bangladesh to name a few.
As the market is abuzz with the potential investment opportunities that will be opened with this mega-IPO, here is all you need to know about the company, the LIC IPO launch date, the LIC IPO price, and how to apply for LIC IPO.
For year/ period ended ( in Cr.)
|Profit After Tax||1,715.31||2,974.14||2,710.48|
At the upper band of Rs. 949, the IPO at 1.11 times its embedded value compared to domestic insurance firms such as HDFC Life Insurance and SBI Life Insurance are currently trading at 4.05 times and 3.10 times their embedded values while ICICI Prudential Life is at 2.5 times, which looks very attractive. Hence, investors may consider investing in this issue for the long term.
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