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May 09, 2022 / 07:19 PM IST

LIC IPO: Total subscription at 2.95 times on final day; retail investors portion booked 1.99 times, employees 4.39 times, policyholders 6.11 times

The government intends to raise Rs 21,000 crore by selling 3.5 percent stake entirely through an offer for sale (OFS). Of which 10 percent of the shares were reserved for LIC policyholders and 0.7 percent for LIC employees. Also, 31.25 percent was reserved for household (retail) investors.

  • May 09, 2022 / 07:04 PM IST

    LIC IPO: Issue subscribed 2.95 times on final day

    The initial public offering of Life Insurance Corporation of India has received healthy response from investors as the offer has subscribed 2.95 times, receiving bids for 47.83 crore equity shares against IPO size of 16.2 crore equity shares.

    The portion set aside for policyholders has been subscribed 6.11 times, employees bid 4.39 times the allotted quota and retail investors 1.99 times, while the reserved portion of qualified institutional buyers has booked 2.83 times and that of non-institutional investors 2.91 times.

  • May 09, 2022 / 06:50 PM IST

    LIC's Embedded Value Trend

    Embedded value is a reflection of a company’s net present value of future business to shareholders. It is a widely used metric for valuing an insurance company. This measure considers future profits from existing policyholders only and ignores the possibility of the introduction of new policies. The embedded value is the discussion topic of the town as LIC IPO is here. It is complex to calculate, as it involves several assumptions and is calculated by professional actuaries.

      LIC's Embedded Value Trend  

 Embedded value is a reflection of a company’s net present value of future business to shareholders. It is a widely used metric for valuing an insurance company. This measure considers future profits from existing policyholders only and ignores the possibility of the introduction of new policies. The embedded value is the discussion topic of the town as LIC IPO is here. It is complex to calculate, as it involves several assumptions and is calculated by professional actuaries.
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  • May 09, 2022 / 06:39 PM IST

    Comparison of LIC with other leading life insurance players on financial basis

      Comparison of LIC with other leading life insurance players on financial basis
  • May 09, 2022 / 06:19 PM IST

    LIC IPO: Issue subscribed 2.95 times on final day

    The initial public offering of Life Insurance Corporation of India has received healthy response from investors as the offer has subscribed 2.95 times, receiving bids for 47.77 crore equity shares against IPO size of 16.2 crore equity shares.

    The portion set aside for policyholders has been subscribed 6.10 times, employees bid 4.39 times the allotted quota and retail investors 1.99 times, while the reserved portion of qualified institutional buyers has booked 2.83 times and that of non-institutional investors 2.91 times.

  • May 09, 2022 / 06:09 PM IST

    Look at these key ratios trend before investing in LIC IPO

      Look at these key ratios trend before investing in LIC IPO
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  • May 09, 2022 / 05:57 PM IST

    Expert's Take on LIC IPO

    “Participation from tier 2-3 cities is high for LIC IPO, we can attribute this to the deeper agent and policy holder penetration of LIC. We have got a good amount of applications from the newly formed Union territories as well," Girirajan Murugan, CEO at FundsIndia said.

    He further said, "We are sure this will pave the way for larger retail participation in the Secondary markets as well as the accounts opened for applying to LIC IPO will be used for larger investments in the Equity markets."

  • May 09, 2022 / 05:45 PM IST

    LIC Solvency Ratio boosted by surplus in policyholders funds

      LIC Solvency Ratio boosted by surplus in policyholders funds
  • May 09, 2022 / 05:27 PM IST

    LIC IPO: Issue subscribed 2.94 times on final day

    The initial public offering of Life Insurance Corporation of India has received healthy response from investors as the offer has subscribed 2.94 times, receiving bids for 47.57 crore equity shares against IPO size of 16.2 crore equity shares.

    The portion set aside for policyholders has been subscribed 6.06 times, employees bid 4.36 times the allotted quota and retail investors 1.97 times, while the reserved portion of qualified institutional buyers has booked 2.83 times and that of non-institutional investors 2.91 times.

  • May 09, 2022 / 04:11 PM IST

    LIC IPO: Issue subscribed 2.91 times on final day

    The initial public offering of Life Insurance Corporation of India has received healthy response from investors as the offer has subscribed 2.91 times, receiving bids for 47.17 crore equity shares against IPO size of 16.2 crore equity shares.

    The portion set aside for policyholders has been subscribed 5.99 times, employees bid 4.32 times the allotted quota and retail investors 1.95 times, while the reserved portion of qualified institutional buyers has booked 2.83 times and that of non-institutional investors 2.88 times.

  • May 09, 2022 / 04:03 PM IST

    LIC has robust risk management framework, says Asit C Mehta

    LIC has a risk management framework where risk identification, risk measurement and risk mitigation are undertaken through structured procedures and various Board-approved policies and controls. Their enterprise risk management (“ERM”) cell provides a framework for evaluating and managing risks inherent in LIC through risk and control self-assessment, incident management and top risk-key risk indicator analysis.

    The ERM cell is working on the implementation of the IT solution package for monitoring various risks LIC encounters in its business processes.

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  • May 09, 2022 / 03:52 PM IST

    LIC IPO: Issue subscribed 2.89 times on final day

    The initial public offering of Life Insurance Corporation of India has received healthy response from investors as the offer has subscribed 2.89 times, receiving bids for 46.77 crore equity shares against IPO size of 16.2 crore equity shares.

    The portion set aside for policyholders has been subscribed 5.97 times, employees bid 4.31 times the allotted quota and retail investors 1.94 times, while the reserved portion of qualified institutional buyers has booked 2.83 times and that of non-institutional investors 2.8 times.

  • May 09, 2022 / 03:34 PM IST

    Continued dominant position of LIC in group insurance driving NBP growth

    In terms of business parameters LIC’s new business premium (NBP) has grown at a CAGR of 13.5 percent between FY2019-FY2021 while total premium has grown at a CAGR of 9.2 percent during the same period.

    Total premium in India has grown at a CAGR of 9.3 percent while annualized premium equivalent (APE) has grown at a CAGR of 6.0 percent CAGR during the same period. (Source: Angel One)