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LIC IPO: LIC could be valued between Rs 11 trillion and Rs 12 trillion
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Total number of firms in which it owns over 1% has also fallen
LIC IPO: Bankers, government officials and LIC staff are working around the clock to complete the preparatory work for the IPO and ensure there's enough demand for the mega sale
LIC's revenue or total income growth in FY21 was the best in five years
LIC IPO: There are still some issues that need to be addressed with regard to the valuation of LIC, a senior official said
LIC IPO: Profit after tax (PAT) went up 6.9 per cent to Rs 2,906.77 crore in FY21, its annual report showed.
LIC IPO: The government plans to list LIC, which is held to be the country's largest listing, in the last quarter this financial year
Insurer already sourced 97% of FY22 new business premium till September
LIC IPO: The initial public offering (IPO) of Life Insurance Corporation (LIC) is expected to hit the markets by March
LIC IPO: The insurer is looking to file DRHP with Sebi this month, in sync with govt's plan to list the company this financial year
LIC IPO: DPIIT will soon try to approach the Union Cabinet to seek its approval on changes in the FDI policy to facilitate disinvestment of LIC, a top government official said
LIC IPO: If investors agree with those calculations proposed by the government, LIC would join the league of India's biggest companies like RIL and TCS
LIC IPO: Market valuation of listed life insurance peers is 3-4x their EV, but govt pushing for Rs 15 trn
The valuation of the mega LIC IPO could be around Rs 15 trillion. Here's all you need to know about LIC IPO
As of September 2021, 61.67 per cent of LIC's AUM was held in participating policies, 37 per cent in non-participating policyholder investments, 1.15 per cent in unit-linked policies
But it means avoiding the premiums and interest for lapsed years, so do the math
LIC did not pay any dividend to the government in last financial year and used free reserves to increase its paid-up capital, which has now risen to Rs 6,325 crore, government told Rajya Sabha.
LIC corners 60% of maiden issue