In this blog we will discuss in details about the LIC IPO, & you can also understand why LIC IPO is the India’s Biggest IPO ever and also LIC could be one of the largest stock in India after listing by Market Capitalization. So Let’s get Started about the LIC IPO in details
The initial public offering (IPO) of Life Insurance Corp of India (LIC) is likely to run from March 10 to 14 . Through Offer for Sale Govt of India is offering 5% stake sale & share sale of 316249885 Equity Shares and could be worth about Rs 65,400 crore & price band is likely to be Rs 2,000-2,100 apiece, however the details are yet not clear.
Company Promoters:
The President of India, Government of India is the company promoter.
Ptomoter Holding :- 100%
Company Financials:
Particulars For the Period / Year Ended All in (₹ in Millions)
| 30-Sep-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 40,434,596.70 | 37,464,044.68 | 34,141,745.74 | 33,663,346.17 |
| Total Revenue | 15,197.24 | 29,855.71 | 27,309.56 | 26,449.96 |
| Profit After Tax | 15,040.13 | 29,741.39 | 27,104.78 | 26,273.78 |
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For Opening Free Demat Account with AngelOne click here
For Opening Free Demat Account with 5Paisa Please Click Here
Open Account With Zerodha please Click Here
Open Account With Upstox Please Click Here
About Life Insurance Corporation of India
LIC is India’s only government-owned insurance provider company. It is the largest company in the Indian insurance space with a market share of above 64.1% in terms of premiums and 66.2% market share in terms of New Business Premium. The company offers participating insurance products and non-participating products i.e. unit linked insurance products, saving insurance products, term insurance products, health insurance, and annuity & pension products.
As of 30 Sep, 2021, it has a total AUM of Rs. 39,558,929.24 million. The company has 8 Zonal offices in Delhi, Mumbai, Kolkata, Chennai, Kanpur, Patna, Bhopal, and Hyderabad. As of 30 Sep 2021, the firm operates through 2048 branches, 113 divisional offices, and 1,554 Satelite offices.. It operates globally in Fiji, Mauritius, Bangaldesh, Nepal, Singapore, Sri Lanka, UAE, Bahrain, Qatar, Kuwait, and the United Kingdom. As of March 31, 2021, it has the largest agent network of 1.35 million life insurance agents.
Competitive strengths
- Leading insurance provider company in India and fifth largest global insurer by GWP.
- A range of life insurance products to meet varied insurance needs of individuals.
- Strong omni-channel distribution network; 1.34 million agents, 3463 active Micro insurance agents, 174 alternate channel, etc.
- Largest asset manager in India with established financial performance track record.
- Highly experienced and qualified management team.
Further more details are coming
