Apply for LIC IPO
The Life Insurance Corporation of India (LIC) is
expected to launch its much-awaited Initial Public Offering (IPO) in the second
week of March 2022. In the Indian insurance sector, LIC is a household name
with a strong market share (over 60% in terms of premium). A significant
percentage of a family's savings is invested in LIC's various insurance
policies.
LIC's assets under management currently reach around
US$ 463 billion, which is three times the size of commercial life insurers and
more than the whole Indian mutual fund industry.
LIC is owned entirely by the Indian government. The
government intends to sell 5% of its shareholding in the company, which
consists of 316 million shares, through an Offer for Sale as part of its
strategic disinvestment.
You can now
invest in LIC IPO by opening a demat account with Indira Securities. Here’s a
step by step guide for the same.
·
Open an account with us through
Indira Mobile Trading application or visit www.indiratrade.com
· Click on to the LIC IPO pop-up
button on the right
·
Enter your name and mobile
number and click on to “Apply now”
·
You’re all set to invest in
Latest IPO’s.
·
You’ll get all the latest IPO’s
where you can apply for it.
·
Fill in the number of lots and
the price you'd like to apply for.
·
Check the details and confirm
your payment
·
You can also check your
application status on www.indiratrade.com
About
LIC
In 1956, LIC was formed by the merger of
245 private insurers and private fund societies. In the insurance sector, FDI
was allowed at a rate of 26 percent in 2000, but this has now been boosted to
74 percent. Until the 1990s, the company had a monopoly in the insurance
industry, after which many private players emerged. LIC still has a market share
of over 74.58 percent as of March 31, 2021, despite the fact that there are 23
private insurers in the market.
According to their most recent report, LIC
has 2,048 branches across India, with 8 zonal offices in Delhi, Chennai,
Mumbai, Kolkata, Kanpur, Patna, Bhopal, and Hyderabad. In addition, there are
113 Divisional offices, 1,178 Mini offices, and 1,526 Satellite offices.