CLOSE X
Algo Trading
Home

Blogs

Stock Market Blogs

LIC IPO Date, Price, GMP, Review, Analysis & Details February 14 2022LIC IPO , lic ipo date, LIC IPO opening date

Visit Count: 628

Things you need to know about LIC IPO size and price

The LIC's embedded value has been calculated at 5.39 lakh crore as of September 30, 2021. Private insurance firms are currently valued at 3-4 times the embedded value.

Embedded value, on the other hand, is merely an estimate of value based on a number of assumptions, and the multiple assigned to an insurer may vary depending on a number of qualitative characteristics.

Given its size and dominating position in the industry (66 percent of new business premium), its growth rate may not match up with some of the smaller private insurers.

The company's valuation ranges from Rs 10.7 lakh crore to Rs 18.7 lakh crore when the embedded value multiple is between 2- 3.5. The issue size for a 5% offer for sale works out to Rs 53,500 crore to Rs 93,625 crore based on the total equity capital of 632 crore shares.


As a result, the per-share price ranges from Rs 1693 to Rs 2962. As LIC went through a capital rejig ahead of the IPO, the government's average cost of acquisition of shares was Rs 0.16.

When the LIC was founded, it had a capital of Rs 100 crore. There were no shares allotted to LIC because it was a collective rather than a public limited company. The original capital of Rs 100 crore infused by the government during the corporation's inception was converted into share capital by allotting shares of face value Rs 10 for an equivalent amount to change the corporation into a corporate structure with shareholders ahead of the public issue.

The company then issued an additional 62.24 crore equity shares at the same face value in September 2021 to offset the free reserves outstanding in LIC's books as of March 31, 2020.

Then, against the government of India's retained share of surplus for fiscal years 2020 and 2021, extra 560 crore equity shares with the same face value were allotted. The LIC's total capital is now Rs 6,324 crore. 

Apply LIC IPO 

COMMENTS
Form
Categories
Blog Enquiry

Prevent Unauthorized Transactions in your demat and trading account --> Update your Mobile Number/Email id with your Depository Participant and Stock Broker. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat/trading account directly from CDSL and Stock Exchanges on the same day.........issued in the interest of investors...

1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.

2. Update your Mobile Number & Email Id with your Stock Broker/ Depository Participant and receive OTP directly from Depository on your Email Id and/ or Mobile Number to create pledge.

3. Pay 20% upfront margin of the transaction value to trade in cash market segment.

4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued by NSE vide. Circular No. NSE/INSP/45191 dated: July 31, 2020 and NSE/INSP/45534 and BSE vide Notice No. 20200731-7, dated: July 31, 2020 and 20200831- 45 dated: August 31, 2020 and dated: August 31, 2020 and other guidelines issued from time to time in this regard.

5. Check your Securities/ MF/ Bonds in the Consolidated Account Statement issued by NSDL/ CDSL every month.

"As per the directives of CDSL and esteemed Exchanges, it has been made mandatory for every client to furnish their latest KYC details viz. Valid Mobile No., Email- Id & Income range on or before 31.05.2021 else your Account will be marked as Non Compliant and will be Freezed till the compliance of such requirement."
"No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."
Dear Investor if you wish to revoke your un-executed eDis mandate, please mail us with ISIN and quantity on dp@indiratrade.com by today EOD."
REGISTRATION NOS:

INDIRA SECURITIES PVT.LTD. (SEBI REG.NO.):NSE TMID: 12866, BSE TMID: 663, CDSL DPID: 17000 SEBI REG. NO.: INZ000188930, MCX TM ID: 56470, NCDEX TM ID: 01277, CDSL REG. NO.: IN-DP-90-2015, CIN : U67120MH1996PTC160201

DISCLAIMER:

"INVESTMENT IN SECURITIES MARKET ARE SUBJECT TO MARKET RISKS, READ ALL THE RELATED DOCUMENTS CAREFULLY BEFORE INVESTING."

INVESTORS GRIEVANCE

Shivkumar P. Email: compliance@indiratrade.com. Call : 0731-4797275

Investor grievance complaint : complaint@indiratrade.com

INVESTOR CHARTER