LIC IPO: Will Retail Investors Dive In? Our Poll Suggests ...
NDTV
In a surprising turn of events, a poll conducted by Equitymaster suggests retail investors might stay away from LIC's hyped-IPO.
By now, everyone has heard about the upcoming LIC IPO.
Life Insurance Corporation (LIC) has over 64% share of total insurance premiums in India, in financial year 2021, as per Statista. This is much higher than the share of premiums held by private life insurers.
LIC's assets under management (AUM) was Rs 38 tn as of September 2021, compared to Rs 37 tn in March 2021. This is almost 3x the AUM of all the private life insurers in India and over 15x more than the AUM of the second largest life insurer, SBI Life Insurance Company.
All these facts alone make the IPO very enticing apart from its potential size.
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