Life Insurance Corporation IPO

LIC IPO launch is going to be the biggest ever IPO launch in India. The insurer is the oldest and the largest in India, controlling 72 percent of the market and enjoying 66.24 percent share in total first-year premium collection. The total valuation of LIC stands between Rs 9- 10 lakh crore. LIC has 28 cores of policies in force with total premium collection of Rs 45 lakh crore.

LIC IPO Detail

Issuer

LIC and Payment Services Ltd.

Issue Period: -
Price Band
-

Issue Size
-

Face Value
-

Market Lot
-

Listing At
NSE,BSE
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Company Information

Established in 1956, the state-owned life insurer and investor is also the largest in the country. It has headquarter located in Mumbai and branches spread across different locations in India. In the budget session of FY 20-21, Finance Minister Nirmala Sitharaman announced the proposal of minority shares selling of LIC through IPO launch. Given the sheer size of the corporation, it will be the biggest IPO launch in India. The government has asked bids from at least two transaction advisors with previous experience in handling IPO size of 5,000 crores in a pre-IPO launch activity.

Competitive Strengths

  • In FY 2018-19, LIC’s total asset volume was Rs 31.11 lakh crore
  • In 2018-19, LIC’s total premium receivable was 2 lakh crore
  • In 2019, LIC’s investment volume stood at Rs 29.84 lakh crore, including investments in debt and equity
  • LIC is the country’s largest insurer with 68.9 percent market share in the new business premium collection and 60.9 percent in annual premium collection
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