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LIC IPO: Valuation takes the centre-stage

LIC is likely to be the country’s most valued company on its listing and will herald a new era in India’s financial and insurance market

November 26, 2021 / 11:47 AM IST
LIC IPO: Valuation takes the centre-stage

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

For many years now, state-owned Life Insurance Corporation of India (LIC) has been the lifeline for the government's finances. On innumerable occasions, the insurer has shored up government coffers by being the biggest buyer of government securities (Gsecs) and an investor in the divestment of state-owned companies ranging from NBCC to NHPC, Hindustan Aeronautics and many more. Not to forget the bailing out of IDBI Bank. This fiscal too, LIC is set to play a big role in helping the...

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