Advertisement

The Initial Public offering of LIC may hit the market in the fourth quarter of 2021

LIC IPO Latest News

Advertisement

In Budget 2021, Finance Minister Smt. Nirmala Sitharaman announced that the Life Insurance Corporation of India’s IPO (LIC IPO) will be completed in 2021.

If you are a customer of LIC which means policyholder, then know that this IPO can benefit you. It is such that a representative of the government has said that Government can hold a 10% share reserve for the LIC policyholders.

Over 1 Crore Demat Account to Open: Reports

Advertisement

The government is likely to reserve a 10 percent share for LIC policyholders in the public issue. On the other hand, as per the reports it is also expected that in the next 6-8 months more than 1 crore new Demat account will be opened.

Currently, there are around 25 Cr. LIC Policyholders and there are over 4.5 Cr. Demat account holders in the country. There is a sizeable chunk of LIC Policyholders who do not have a Demat account and because of the reservation of the policyholder, the Demat account will open.

Advertisement

Largest IPO of the Country

It is the largest insurance company in the country. Before selling a stake in LIC (Life insurance corporation of India), the government had sought applications from actuarial firms for its insurance valuation. The government plans to sell the stake in LIC and list it in the stock market. For this, Deloitte and SBI Capital have been appointed as advisors.

It will be the country’s largest IPO and expected to have an issue size of Rs. 70000 Cr. to 80000 Cr.

🎯 How to Apply for an IPO using Demat A/c

🎯 5 East way to check IPO status online

Advertisement

LIC IPO Date 2021

As per the Money Control Report, The Initial public offering of LIC may hit the market in the fourth quarter and the government has introduced amendments to the Life Insurance Corporation Act 1956 to facilitate this.

FAQs

  1. Is LIC going for the IPO?

    In Budget 2021, Finance Minister Smt. Nirmala Sitharaman announced that the Life Insurance Corporation of India’s IPO (LIC IPO) will be completed in 2021.

  2. How can I get LIC IPO?

    To apply for LIC IPO Shares, an investor has to open a Demat account/trading account with financial institutions that provide this facility. Most of the national Banks like ICICI, HDFC Bank, SBI, PNB, etc. and some popular stock brokers like Upstox, Angel Broking, etc. have the facility for Demat/trading a/c.

  3. What will the price of the LIC IPO?

    As per the latest report, it will be the country’s largest IPO and expected to have an issue size of Rs. 70000 Cr. to 80000 Cr.

    Advertisement
  4. Is LIC Listed in Stock Market?

    No, till date the LIC is not listed in the stock market but expected to have the Initial Public offering of LIC in the fourth quarter of 2021

Disclaimer: The information contained in the above article are solely for informational purpose after exercising due care. However, it does not constitute professional advice or a formal recommendation. The author does not own any responsibility for any loss or damage caused to any person, directly or indirectly, for any action taken on the basis of the above article.

Feedback/Suggestion- Hope you all find it useful, please give your valuable feedback & let us know if there is an error. Thanks in Advance

Advertisement

This post was last updated on April 6, 2021 12:33 PM

Advertisement
Parag Agarwal: I am a full-time professional Blogger & Entrepreneur. I already have many blogs on diversified topics and also manages more than 10 pages on assorted subject matters. I have more than 5+ years of acetic and delightful experience in Blogging and writing on more than 100+ topics in English and Hindi both. I started my blog as my dream project to help others to get knowledge with my content. I was not pro or perfect however I started imperfectly and achieved my end goals. Always remember the caption “You never lose, either you win it or learn it “ Contact us- parag@funandknowledgenet.in
Advertisement
Leave a Comment
Advertisement