Things to know about LIC IPO

LIC was established on the 1st of September 1956 by an amalgamation of 243 insurance companies by an act of parliament named the Insurance Act, 1956

LIC IPO was announced by the Union Finance Minister Smt. Nirmala Sitharaman in her speech while presenting the Union Budget 2021

Announcement of IPO

 Estimated valuation of the insurance company as Rs. 8 Lakhs Cr to Rs. 11 Lakhs Cr

LIC IPO Valuation

 The net profit after tax was recorded to be Rs. 2,688 Cr and the profit yields from its equity investments amounted to Rs. 23,000 Cr

LIC Fundamentals

The LIC of India has recorded a market share of 66.2% in first-year premium income and 74.6% in terms of the number of policies sold in FY 2020. 

2022 is expected to witness some major IPOs like the LIC IPO and the NSE IPO, and therefore, we can say that it could be a captivating year for investors.

Conclusion

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