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Sameer Arora has a 'buy' tag on LIC IPO. What's his reasoning?

LIC IPO: The government expects to raise up to $2.74 billion from selling a 3.5 percent stake.

April 27, 2022 / 12:27 PM IST
File image of Samir Arora, Founder and Fund Manager at Helios Capital

File image of Samir Arora, Founder and Fund Manager at Helios Capital

The public issue of Life Insurance Corporation of India (LIC) has finally come at a price where it looks like the government wants to do a deal, said Samir Arora, Founder and Fund Manager, Helios Capital, in an interview with CNBC TV-18.

Samir Arora said the LIC IPO looks quite cheap at its current valuation. "The only issue is low float," he said. The LIC valuation is now at close to Rs 6 lakh crore, from Rs 17 lakh crore estimated earlier.

"We might apply for the LIC IPO. We have not tried for applying as an anchor investor due to the lock-in period and other complexities involved," Arora said.

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