₹ 902 - 949
Founded in 1956, Life Insurance Corporation of India is India's only government owned Insurance company. The company was founded by merging 245 insurance companies, establishing LIC's monopoly in the market until 1990. With over 2000 branches, 113 divisional offices, 1178 mini offices and 1526 Satellite Offices, LIC is India's largest and oldest life insurance company. LIC is the largest insurance company in India with about 28 crore policies in force equalling a sum assured of Rs. 45 lac crores. The annual premium receivable by LIC was Rs. 2 lac crores in the financial year 2018-19. LIC had investments valued at Rs. 30 lac crores as on March 31st, 2019. Govt of India to hold controlling stake - 75% for the first five years and 51% at all times after 5 years
Initial Public Offering (IPO) is conveyed as a process of offering shares of any particular private corporation to a public in the form of a new stock insurance. The shift from a private to a public company is considered an important time for private investors to understand the gains from their investment completely. These offerings traditionally include premiums of shares for current private investors. Alongside, the participation of public investors is also allowed in the offering. A company planning an IPO would choose an exchange in which shares are issued and traded publicly where they typically select an underwriter or underwriters.
Opportunity to buy stock at the lowest possible price
Probability of making profits on listing is high
Get retail discount of around 10% on some IPOs
You get the opportunity to be a part of the growth story of the issuing company