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We have updated our terms and conditions and privacy policy Click "Continue" to accept and continue with ET BFSI ACCEPT THE UPDATED PRIVACY & COOKIE POLICY Dear user, ET BFSI privacy and cookie policy has been updated to align with the new data regulations in European Union. Please review and accept these changes below to continue using the website. You can see our privacy policy & our cookie policy. We use cookies to ensure the best experience for you on our website. If you choose to ignore this message, we'll assume that you are happy to receive all cookies on ET BFSI. * Analytics * Necessary * Newsletter NameProviderExpiryTypePurpose Google AnalyticsGoogle1 YearHTTPSTo track visitors to the site, their origin & behaviour.iBeat AnalyticsIbeat1 YearHTTPSTo track article's statisticsGrowthRx AnalyticsGrowthRx1 YearHTTPSTo track visitors to the site and their behaviour NameProviderExpiryTypePurpose optoutTimes Internet1 YearHTTPSStores the user's cookie consent state for the current domainPHPSESSIDTimes Internet1 dayHTTPSStores user's preferencesaccessCodeTimes Internet2.5 HoursHTTPSTo serve content relevant to a regionpfuuidTimes Internet1 YearHTTPSUniquely identify each userOSTIDTimes Internet1 YearHTTPSOauth secure tokenOSSOIDTimes Internet1 YearHTTPSOauth user identifierOSTPID Times Internet1 YearHTTPSused to sync accross portalsfpidTimes Internet1 YearHTTPSBrowser Fingerprinting to uniquely identify client browsers NamePurpose Daily NewsletterReceive daily list of important newsPromo MailersReceive information about events, industry, etc. I've read & accepted the terms and conditions NEWS SITES * Auto News * Retail News * Health News * Telecom News * Energy News * CIO News * Real Estate News * Brand Equity * CFO News * IT Security News * Government News * Hospitality News * HR News * Legal News * ET TravelWorld News * Infra News * B2B News * CIOSEA News * HRSEA News * HRME News Upcoming Event: CFO Meet & discussion on Revised Companies Act Sign in/Sign up * Follow us: * * * * * * * ETBFSI Exclusive * BANKING * INSURANCE * InsurTech * NBFC * FINTECH * Payments * Digital Lending * RegTech * Open API * BFSI Videos * Editor's View * Brand Solutions * FINNEXT SUMMIT The Future of NBFCs and FinTechs * REIMAGINE NEXT * SIDBI-ET MSMES/STARTUPS Roudtable Discussion * REIMAGINE NEXT - THE FUTURE OF LEARNING * ETBFSI.COM CONVERGE BFSI: The world of Hyper-personalization * FUTURE READY SECURITY FOR DIGITAL-FIRST BFSI * LEARNFEST * ETBFSI EXCELLENCE AWARDS 2021 AWARDS FOR EXCELLENCE IN INNOVATION * THE DIGITAL NEXT: SERIES 2.1 Live Virtual Summit * 3RD EDITION OF ETBFSI CXO CONCLAVE Unlocking the BFSI Potential * JOIN THE ECONOMIC TIMES FINANCIAL INCLUSION SUMMIT 2021 * 2ND EDITION OF ETBFSI VIRTUAL SUMMIT 2021 * ET BANKING LEADERSHIP SERIES PRESENTED BY MANIPAL ACADEMY * NATIONAL COOPERATIVE SUMMIT * FINANCIAL INCLUSION & PAYMENT SUMMIT * Millennial Finance * FinTech Diary * BFSI Tech Tales * Green Finance * IBC * ETBFSI Explains * BFSI Movement * More * Blogs * Innovation Masters * POLICY * FINANCIAL SERVICES x * BFSI News * Latest BFSI News * Etbfsi lic ipo coverage ETBFSI LIC IPO COVERAGE * ETBFSI LIC IPO DAY 3: TOTAL ISSUE SUBSCRIBED 1.31 TIMES SO FAR The country's biggest ever IPO by LIC received a strong response since its opening, and has been subscribed 1.31 times so far on the third day of bidding. * ETBFSI LIC IPO : 46% ISSUE BOOKED, POLICYHOLDERS' PORTION OVER-SUBSCRIBED LIC opened its Rs 21,000 crore initial public offering today. On May 02, the anchor investor portion of LIC IPO was oversubscribed due to strong demand. Here's how the IPO is faring so far. * ETBFSI IN PICTURES: A QUICK RECAP OF 5 THINGS TO KNOW BEFORE LIC'S IPO KICKS IN The much-awaited issue of the initial public offering (IPO) of Life Insurance Corporation (LIC) is set to open on Wednesday, May 4, and till May 9. Here's a quick recap of the five key things you should know before investing in India's largest issue so far. Take a glance. * All * News * Photos * Videos * Blogs * ETBFSI RETAIL INVESTORS LIKELY TO CARRY LIC IPO TILL THE FINISHING POINT About 6.48 crore policyholders have linked their PAN number with the policy details up to the cut-off date. LIC is offering over 27 crore LIC policyholders shares at 10 per cent discount to the offer price, which if lapped up may see a deepening of the equity culture in India. * ETBFSI WILL A LOW PRICED LIC IPO DO AN IRCTC IN VALUATION JUMP? The government has valued the insurer at 1.11 times its embedded value while the domestic insurance players HDFC Life Insurance and SBI Life Insurance are currently trading at 4.05 times and 3.10 times their embedded values while ICICI Prudential Life is at 2.5 times. * ETBFSI HOW THE IPO WILL IMPACT LIC POLICYHOLDERS AND SHAREHOLDERS While policyholders have to share more profits with shareholders, they may still benefit as the IPO would bring in a new corporate structure that would bring autonomy to the management, greater public scrutiny and reduce its role as the bailout guy of the government. * ETBFSI LIC IPO: DATE, PRICE, DISCOUNT ELIGIBILITY FOR POLICYHOLDERS. HERE ARE THE TOP 10 ANNOUNCEMENTS As per the information available on BSE website, Life Insurance Company (LIC) IPO price band has been fixed at ₹902 to ₹949 per equity share. Opening date for LIC IPO subscription is 4th May 2022 and it will remain open for bidders till 9th May 2022. Check here the top 10 announcements. * ETBFSI LIC IPO IS JUST THE BEGINNING, SAYS DIPAM SECY "Even after reduced size, LIC will be largest IPO. It is right sized, and we expect significant retail participation, which is in line with our long-term strategic vision," said Tuhin Kanta Pandey, DIPAM Secretary, adding that the IPO is just the beginning. Investors can bid for shares in a lot size of 15 shares, and multiples thereof. There is an employee reservation of 1.58 crore shares while 2.21 crore shares are reserved for policyholders. * ETBFSI WHAT DO MILLENNIALS FEEL ABOUT INVESTING IN LIC IPO? FIND OUT ETBFSI spoke to millennials, and found that most want to research thoroughly before investing in LIC’s IPO, even though many investors are bullish. IPOs are slowly becoming a go-to investment tool for millennials, and from what we have found, it has been a learning experience for this generation. Take a look at what millennials feel about investing in LIC’s upcoming IPO. * ETBFSI SHOULD YOU INVEST IN LIC'S IPO? KNOW THE RISKS From the influence of the government, related party transactions, fund infusion in IDBI Bank, there are several risk factors associated with the Life Insurance Corporation's IPO that investors should consider. LIC said the government which owns nearly 100 per cent stake currently in the corporation and even after the listing about 95 per cent continues to be the promoter and exercise significant influence on the company. * ETBFSI DOES LIC HAVE VERY LITTLE LIFE COVERAGE? HERE’S WHAT THE DRHP SHOWS Not even 80% of what LIC sells are protection products, and there’s very little life coverage, Varun Dua, chief executive officer of Acko, said last year. Was he right? We went through the LIC’s DRHP to find out. Take a look. * ETBFSI LIC SHAREHOLDERS WILL BE ABLE TO QUESTION DECISIONS AFTER LISTING: NILESH SATHE The Life Insurance Corporation of India on Sunday evening filed its draft prospects with SEBI, where it was mentioned that the government will offload 5%. Nilesh Sathe, in September 2021, itself had predicted this, which ETBFSI reported. Sathe also said that the LIC IPO was a well-thought decision, unlike what happened with Air India. So here we are again, talking to Sathe, on what we should expect from what is seen to be India’s biggest IPO yet. * ETBFSI LIC'S CUSTOMER STICKINESS IS LOWER THAN ITS PRIVATE PEERS LIC’s persistency ratio for individual products (by total premium) in India was 79.0% in the 13th month and 59.0% in the 61st month, compared to the median of the top five private players in India of 87.1% in the 13th month and 54.4% in the 61st month. Persistency ratio is the ratio of life insurance policies receiving timely premiums in the year and the number of net active policies. The ratio indicates how many policyholders are paying the due premiums regularly on the policies with the insurer. * ETBFSI LIC IPO: WHAT EXPERTS HAVE TO SAY Experts believe that the appetite for LIC IPO will be high from new investors as well, given its brand value. However, in the long-term, the end demand will depend on its future growth, profitability, and sustenance of market share. ETBFSI spoke to a few experts, who gave their view on the IPO. Here are the highlights: * ETBFSI LIC WAS THE MIGHTIEST EARLIER, WILL CONTINUE TO BE THE SAME: HDFC LIFE CEO PADALKAR Vibha Padalkar, chief executive officer of HDFC Life, spoke a bit on the LIC IPO during ETBFSI's post Budget session. She believes that there will not be any significant difference from comparative dynamics for over the next 3-4 years, in the insurance market. Let's take a look at what the top leader said. * ETBFSI LIC HAS STAKE IN 27 COMPANIES, AND IS A NOMINEE IN 59 ENTITIES The government is one step closer to achieving its divestment target, as LIC has filed its draft papers with SEBI. The data has been collated from LIC's draft red herring prospectus. All the data provided is as of September 2021. Here's a look at the investments of the biggest insurer of the country, to get an idea of the company's size. Take a look: * ETBFSI LIC IPO TO RIVAL ARAMCO, ICBC LISTING, PUT INDIA ON GLOBAL MAP LIC’s listing will bring greater public scrutiny into its investment decisions and portfolio with the top management and fund managers being able to act independently, which is good news for investors. * ETBFSI IN PICTURES: A SWOT ANALYSIS OF INDIA'S BLOCKBUSTER LIC IPO India is embarking on the blockbuster listing of the country's largest insurer LIC , which is expected to be country's largest IPO to date, potentially earning the government more than $10 billion. Coming out in early March, the IPO is also seen filling the fiscal deficit this year. ETBFSI brings to you the strengths, weaknesses, opportunities, threats (SWOT) analysis of the Rs 5.4-lakh-crore (Embedded Value) IPO of LIC. * ETBFSI WHY DOES LIC WANT TO ENTER THE STOCK MARKET? HERE'S WHAT NILESH SATHE, FORMER IRDAI MEMBER, SAYS The government is looking to dilute as much as 10% stake in LIC as part of a broader divestment target to help plug a widening budget gap. Sorry, there are no blogs for your search. SUBSCRIBE TO OUR NEWSLETTER 50000+ Industry Leaders read it everyday I have read Privacy Policy and Terms & Conditions and agree to receive newsletters and other communications on this email ID. LATEST NEWS * Financial Services / 5h hrs ago RE LOSES TO DOLLAR, BUT WINS AGAINST OTHER HEAVYWEIGHTS * Financial Services / 5h hrs ago INDIANS SHRUG OFF PANDEMIC BLUES, BUY ON CREDIT LIKE NEVER BEFORE * Editor's View / 4h hrs ago INSURANCE BOLE TOH LIC, BUT FOR HOW LONG? * Blog / 4h hrs ago LIFELONG RENEWAL OF PERSONAL ACCIDENT INSURANCE TO GIVE ADDED COVER TO POLICYHOLDERS * Industry / 4h hrs ago BFSI THIS WEEK : RBI, LIC LISTING, CRYPTO CRASH AND MORE View More EDITOR'S PICK * 1 hr ago INSURANCE BOLE TOH LIC, BUT FOR HOW LONG? * 1 hr ago INSURANCE BOLE TOH LIC, BUT FOR HOW LONG? * 1 hr ago LIFELONG RENEWAL OF PERSONAL ACCIDENT INSURANCE TO GIVE ADDED COVER TO POLICYHOLDERS * 1 hr ago BFSI THIS WEEK : RBI, LIC LISTING, CRYPTO CRASH AND MORE * 1 hr ago GLOBAL CONGLOMERATES CAN INSULATE BALANCES SHEET WHEN THE INTEREST RATE CYCLE TURNS * Industry News * Auto News * Retail News * Health News * Telecom News * Energy News * CIO News * Real Estate News * Brand Equity * CFO News * IT Security News * Government News * Hospitality News * HR News * Legal News * ET TravelWorld News * Infra News * B2B News * CIOSEA News * HRSEA News * HRME News * CONTACT US ADVERTISE WITH US We have various options to advertise with us including Events, Advertorials, Banners, Mailers, Webinars etc. Please contact us to know more details. * SIGN UP FOR ETBFSI NEWSLETTER Get ETBFSI's top stories every morning in your email inbox. 50000+ Industry Leaders read it everyday I have read Privacy Policy and Terms & Conditions and agree to receive newsletters and other communications on this email ID. * FOLLOW US @ETBFSI Follow @ETBFSI for the latest news, insider access to events and more. * * * * * * About Us * Contact Us * Advertise with us * Newsletter * RSS Feeds * Embed ETBFSI.com Widgets on your Website * Privacy Policy * Terms & Conditions * Guest-Post Guidelines * Sitemap Copyright © 2022 ETBFSI.com. 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