Experts Opinion on LIC IPO

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India's biggest and much awaited Life Insurance Corporation of India (LIC) IPO finally hit the market on Wednesday 4th May 2022.

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So far, the mega public issue of state-owned life insurance company LIC is getting great response from investors.

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With the opening of the LIC IPO on 4th May, a large section of employees, policyholders and retail investors got subscribed.

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Earlier on May 2, LIC IPO also got a great response from anchor investors. LIC raised Rs 5,627 crore from anchor investors.

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According to brokerage firm ICICI Direct, its embedded value is Rs 5.396 lakh crore. Its embedded value is 1.1 times the upper level of the issue's price band.

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Nirmal Bang has advised to invest in LIC IPO. It says that the valuation of LIC is much lower than its competitors in the private sector.

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Ventura Securities has advised bidding for LIC IPO at the upper level of the price band. The price band of this issue has been fixed at Rs 902-949.

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GEPL has given 'Subscribe' rating to the issue of LIC. He says that this IPO is very attractive. Short term investors can book it till listing.

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The Government of India plans to raise Rs 21,000 crore by selling its 3.5 per cent stake through this IPO.

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The Portion of LIC IPO placed for Anchor Investors on 02 May 2022 got fully subscribed on the very first day itself.

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