9 Key Points you should know before applying for LIC IPO...
8 January 2022
Govt. Of India owns LIC (Life Insurance Corporation). LIC was founded on Sept 1, 1956.
LIC IPO is expected to hit the markets by March, the government has indicated.
The Centre has reserved 10 per cent of the allotment in LIC’s initial public offering (IPO) for policyholders.
The government is banking heavily on LIC's IPO to come close to the Rs 1.75-lakh-crore disinvestment target for the current financial year.
The expected price band of the LIC IPO could be anywhere between Rs. 400 and Rs. 600.
LIC shares will be provided at a discount to policyholders, the company has said.
LIC had investments valued at Rs. 30 lac crores as on March 31st, 2019.
It faces competition from many private players offering better service to policyholders.
Revenue- US$74 billion (2019)
Operating income- US$360 million (2019)
Net income- US$360 million (2019)
Total assets- US$510 billion (2021)
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More details on LIC IPO (Share Price, Allotment, Lot Size, GMP & More): Click Here