Table of Contents
Why is IPO important in LIC?
Though the proceeds shall provide much-needed monies to the government, the focus of the LIC IPO should primarily be the expansion of the investor base, and dramatically so. The long-awaited forthcoming LIC IPO presents a momentous opportunity for the government to expand our capital market, and significantly so.
What is IPO in LIC policy?
LIC IPO: The government is expected to launch the initial public offering (IPO) of the country’s largest insurer Life Insurance Corporation (LIC) in the fourth quarter (Q4) of the ongoing financial year (FY22). The listing of LIC will be crucial for the government to meet its disinvestment target.
What will be the lot size of LIC IPO?
LIC IPO Details
| IPO Opening Date | Expected in FY 2020-21 |
|---|---|
| Market Lot | – |
| Min Orher Quantity | – |
| Listing At | – |
| Issue Size | Rs 80,000 to Rs 1,00,000 crore* [Tentative] |
Is LIC IPO good Quora?
Yes, it is worth applying LIC IPO. LIC IPO is one of the most eagerly awaited IPO of the decade and all are keen to know of its launch date. As per the budget announcement, the IPO is likely to be launched in the second half of FY 2020-21.
Is IPO of LIC good or bad?
Many insurance giants (all are listed companies) in the world including AIG faced a turbulent situation after the 2008-09 economic crisis. AIG was virtually bailed out by the US government by pumping in lakhs of crores. However in India, LIC and other PSUs provided stability to the country’s economy.
Is an IPO good for employees?
Originally Answered: What is the benefit of employee if company goes to IPO? It benefits employees if they own stock. If a company is set to go public, then employees will notice their compensation package include more stock and less cash. Executives do this because they know the IPO will boost the company’s value.
What are the top 5 IPOS in India?
Factbox: India’s 10 biggest IPOs and their debut day performance
| Zomato Ltd (ZOMT.NS) | July 23, 2021 | $1.26 billion |
| DLF Ltd (DLF.NS) | July 5, 2007 | $1.24 billion |
| HDFC Standard Life Insurance (now known as HDFC Life Insurance Co Ltd (HDFL.NS)) | Nov 17, 2017 | $1.17 billion |
| SBI Life Insurance Co Ltd (SBIL.NS) | Oct 3, 2017 | $1.13 billion |
Will Govt not sell 10\% LIC stake in IPO?
The government may not initially sell a 10\% stake in Life Insurance Corp. of India (LIC) through an initial public offering (IPO), choosing instead to sell 5-6\%, followed by a similar second public offering, given the mammoth size of the state-run insurer, four people aware of the development said.
What is the value of LIC 10\% stake sale?
Although the valuation exercise of LIC is yet to be concluded, its estimated value is likely to be around ₹ 12-15 trillion. A 10\% stake sale would mean the size of the offering would be around ₹ 1.2 trillion to ₹ 1.5 trillion.
How much will the centre sell in its IPO?
The Centre may sell up to a 6\% stake initially, followed by a second offering of a similar size. (Photo: Mint) 3 min read . Updated: 23 Jul 2021, 06:15 AM IST Rajeev Jayaswal