LIC's IPO Price 

The predominant player in India's extra security market, Life Insurance Corporation, opens its first sale of stock for membership Wednesday in the country's biggest ever IPO.

Life Insurance Company Main Points

Govt. is selling a 3.5% stake in LIC for $2.74 billion. LIC constitute 2/3 of the life insurance market in India.

LIC's Issue Size

The issue size is worth ₹21,000 crore, esteeming the country's biggest guarantor at ₹6 lakh crore. The IPO will be a proxy for foreign investor interest in India.

LIC Issue Size

Government is selling a 3.5% stake in state-owned insurance behemoth LIC for an $2.74 billion. It will offer 22.13 million shares for between 902 and 949 INR or $11.78 to $12.39.

LIC's Growth

LIC is a safe house of reserve funds.  In the range of 2019 and 2021, LIC's portion of family monetary reserve funds developed 3.4 rate focuses to 19.4%.

LIC's Monopoly

LIC had a monopoly in India’s insurance market until 2000 and is still the dominant player, commanding about two-thirds of the life insurance market.

LIC Foreign Investors

Of the offers being offered, 20% is available to unfamiliar financial backers and 10% is reserved for policyholders.

LIC Foreign Investors

LIC expected base of 250 million policyholders. As of March 2021, LIC's resource base had outperformed $520 billion, with ventures of $503 billion and asset of $470.70 billion.