Waiting for the launch of the country’s largest insurance company LIC’s IPO (Initial Public Offering), now there is a delay of a few hours. The launch of the IPO is going to take place on Wednesday, May 4. There is great enthusiasm among investors regarding this. At the same time, stock market experts are also advising to ‘subscribe’ to LIC IPO in one voice.
IIFL Securities: Analysts of brokerage and research house IIFL said that the listing of LIC IPO could be in the range of Rs 1300 to Rs 1400. Explain that the issue price of LIC’s IPO has been fixed at Rs 902-949 per share. From this perspective, investors who are allotted IPO along with listing can make a profit of Rs 300-400 per share.
Similarly, Equity Research Samco Securities Yash Shah has given subscribe tag to the IPO.
Now just a few hours before the launch of LIC IPO, here you will get the answer to every question
UnlistedArena.com founder Abhay Doshi said that the government seems to have done a lot of work on valuation to woo investors. As of September 2021, LIC had 1,343,587 individual agents who strengthen its distribution network across the country. Running such a large PSU IPO is certainly a daunting task when the market conditions are very bad. However, there is excitement among all the investor classes because of reasonable pricing, discounts to retail and policy holders.
-Anand Rathi Shares and Stockbrokers Head – Equity Research (Fundamentals) has explained the reason behind LIC’s IPO. He said that LIC has about 30 crore policyholders and 13 lakh agents. The insurance sector has a market share of around 64% of the total insurance premiums in FY 2011. As of 30 September 2021, LIC was India’s largest asset manager according to Narendra Solanki.
-Parth Nyati, Founder, Tradinggo said that the embedded value of LIC is around ₹5.4 lakh crore as of September 30, 2021. Which are good signs.