Blog by Tickertape
In Current Events Trends

5% Discount in Its IPO to LIC Policyholders?

1 Min Read
LIC

Last Updated on May 2, 2022 by Vyshakh

As the company prepares to publish its draft red herring prospectus (DRHP) this week, the much-anticipated initial public offering (IPO) of insurance giant Life Insurance Corporation of India (LIC) might be launched with a 5% discount for policyholders. 

To know more about the LIC IPO, follow our article here: LIC IPO: Date, Price, Review, News, Application and Details!

Tuhin Kanta Pandey, secretary of the Department of Investment and Public Asset Management (DIPAM), mentioned last week that the state-run insurance company is expected to file its DRHP this week, on 10 February 2022, as per a source. Additionally, retail bidders and staff are expected to receive some price concessions on the pricing range.


In a recent interview with Reuters, Mr Pandey said that the inherent value of LIC might be more than Rs. 5 lakh cr., with the enterprise value being multiples of that.

The DRHP will expose the government’s interest in the LIC, which will be diluted through an IPO. The government is expected to sell a 5-7% share in the IPO, according to the sources, in order to raise Rs. 65,000-75,000 cr.

Manonmayi
Latest posts by Manonmayi (see all)

Related Posts

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
Use 200+ filters to analyse your Stocks & MFs
Try Tickertape
Use 200+ filters to analyse your Stocks & MFs
Try Tickertape

The blog posts/articles on our platform are purely the author’s personal opinion and do not necessarily represent the views of Anchorage Technologies Private Limited (ATPL) or any of its associates. The content in these posts/articles is for informational and educational purposes only and should not be construed as professional financial advice. Should you need such advice, please consult a professional financial or tax advisor. The content on our platform may include opinions, analysis, or commentary, which are subject to change, without notice, based on market conditions or other factors. Further, the use of any third-party websites or services linked on the website is at the user's discretion and risk. ATPL is not responsible for the content, accuracy, or security of external sites. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL (in case of IAs) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. The examples and/or securities quoted (if any) are for illustration only and are not recommendatory. Any reliance you place on such information is strictly at your own risk. In no event will ATPL be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

By accessing this platform and its blog section, you acknowledge and agree to the Terms and Conditions of this website, Privacy Policy and Disclaimer.