LIC IPO Expected Date And Review:
LISTED stock subsidiary of LIC Group And LIC IPO:
Recently many IPO’s have come into the market, and many of the new IPOs have made good profits. So now, a similar IPO is going to be launching that is LIC. So Let’s know about LIC ipo date, LIC ipo review, LIC IPO expected date and price.
In this blog, you will know about LIC. LIC is one of the largest insurance company in India. Perhaps you must have seen LIC named stock already listed on NSE. Yes, you are thinking right; it’s different LIC listed stock and It’s name is LIC housing finance and its present share price is 467.40.
LIC Housing Finance Limited, the only subsidiary of LIC Group, is listed on the market, and LIC Housing Finance Limited stock may rise due to LIC’s IPO coming up.
Probably many investors will be interested in LIC’s IPO, due to which this IPO may get subscribed manifold. This could be India’s biggest IPO, whereas before this, COAL India’s IPO was the biggest.
Like we do fundamental analysis before buying a stock, we analyze LIC in the same way.
LIC is the biggest institution in India. LIC (“Life Insurance Corporation“)is most trusted in India. The assets of this company are more than Reliance Industries, Reliance is the Top market Cap Company in India. LIC is working in India for a long time; it is government and corporate, so people have a lot of trust in this company and mostly in the rural areas.
Announcement Of IPO:
In the budget of 2021, Hon’ble Finance Minister| Smt Nirmala Sitharaman had said that LIC’s IPO would come in 2021-22.
How Big Is LIC?
LIC captures a 67.82% market share in the life insurance sector which is huge. At present, LIC have around 290 million policies holders. LIC is almost everywhere in India, so LIC has about 11,79,229 agents( as per March 2019). LIC has a stake in more than 30 NIFTY companies. 3 times more assets than Reliance.
The net profit margin of the company is 0.44%. If we compare with the margin of competitors then its profit margin is low. LIC’s sales have compounded in the last four years by about 9.77% and the profit after tax of the company is compounded by 1.88%
The total revenue of LIC in the financial year 2019 – 20 was 6.15 lakh Cr, and after-tax was 2712 .71 Cr.
We cannot see the PE Ratio of LIC at present, but we can see the PE Ratio of Industry and the competitors. The PE ratio of the insurance industry is 51.98. The competitor’s PE’s are HDFC Life Insurance Company Ltd 108, and the SBI Life Insurance Company Ltd PE is 69.2.
|Name||CMP Rs.||P/E||Mar Cap Rs.Cr.|
|HDFC Life Insur.||725.95||107.87||146797.27|
|SBI Life Insuran||1007.15||69.19||100726.02|
|ICICI Pru Life||616.25||121.74||88526.36|
LIC IPO Launching Date:
LIC’s IPO is likely to launch this year i.e. in 2021 in the month of October or later this month. We will update the launch date as soon as we get the confirmed data.
LIC IPO LOT Size and Other details:
|Bidding Date||Price Range||Lot Size||Minimum Investment|
Should Invest In LIC IPO?
I would like to invest in LIC IPO. It is a huge company in the sector and it can give good returns in the long run. You invest according to your risk and and before investing in stocks, Mutual funds or any other Assets take advise from your financial advisor.
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