What a Blogpost to set in the new Financial Year 13 !
Grand Daddy LIC to come out with an IPO and List shortly !
……and the great news is that the IPO will be at Patriotic Par to reward the Indian Population ~ The Share Capital is only Rs 100 crs currently and held by the Central Government ~ A Mega Issue is in the Pipeline that will be a Mega Wealth Creator for all Shareholders
Look at it’s Financial Muscle ! as per it’s FY 12 Annual Report
Total Income of over Rs 3 lakh crs => US $ 55 billion ~ of which nearly half adds to float after Agent Commission ,Employee Salaries and Policy Claims on Maturity,Death or Surrender
Total Investments of @ Rs 13.5 lakh crs => US $ 250 billion
Over 1.2 million active agents !
LIC will file a Prospectus soon with SEBI ~ FIIs will not be allowed to subscribe in the IPO
The Market Capitalisation of LIC is expected to be the aggregate of the Market Capitalisation of the TOP 10 Companies ! ~ TCS,Infosys,Reliance,ONGC……
Cant wait to lick this par issue !