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Sunday, September 25, 2022
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LIC listed in stock exchange

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The largest financial institution, LIC is getting listed in the stock exchange for a sum of Rs 21,000 crore IPO.

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LIC stock exchange; should you invest?

Although the size of LIC has reduced considerably, it has announced its price at Rs 902-949 per share. Additionally all policyholders will get a discount of Rs 60 and Retail investors will get a discount of Rs 45 respectively. The initial Public offering is schedule to open on 4th of May and close on 9th may.

Many investors has suggested that the reduced value has made the deal attractive. According to a lead manager, “while there is a lot of inherent strength in the company and are growth prospects, the valuations too seem fine now after the revisions. As the market is not witnessing a mad bull run that was being seen over the last year, there is a possibility that investors may not get immediate listing gains. But it will generate decent returns over the next three to four years.”

The advantage of getting listed will help the company as well as the investors alike. The investors can trade the share or keep them for a longer period of time. This will in a way help the investors to get a transparent picture of the company and question them at any given point.

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