Discover and read the best of Twitter Threads about #LICIPO

Most recents (24)

The Largest #IPO India Has Ever Seen & Even After Its Listing LIC Has Still Remained In The Spot Light!

LIC's Stock Is Down 28% From Its IPO Price

I Spoke To MR Kumar, Chairperson At LIC On All Opportunities & Uncertainities Around The Biz

#LIC #LICIPO #IPO #market #stocks

▪️LIC Stock Corrected Because Of Market Correction

▪️Don't See Any Concerns Around Biz

▪️LIC Is Doing As Good As Private Players On Biz Front

▪️LIC Investors Have To Remain Patient For Sometime

▪️Had VNB Margin Of 9.3% As On Sep 30, Pre-Bifurcated Margins Stood At 12%

▪️Looking At Growing Margin To At Least 15% In Medium Term

▪️Expect To Be On Par On Margin With Pvt Players (20-25%) In Long Term
Read 12 tweets
The LIC Mega listing is the big buzz on Dalal Street this morning, and Moneycontrol is on the ground, tracking the debut. 🔥

Stay tuned for the latest news and updates, reactions and more ⚡️…

Get all the LIVE updates at 🔗…

#LICListing | #LIC shares are all set for the big debut this morning, and the market sentiment seems to be a little sombre for the #IPO.

Track Moneycontrol for all the latest on price action & expert opinion.…

LIVE updates at 🔗… ImageImageImage
@SecyDIPAM: LIC embedded value will be available regularly for investors to see.

#LICIPO #LICListing #LIC #IPO @aparnaviyer02
Read 16 tweets

1 As the LIC share lists today, I ask a simple question: will the omniscient “market” reveal the true worth of India’s biggest life insurance company? I argue that it is pointless to argue over this. This thread explains.
2 If the share “pops” on debut day will it soothe the sagging fortunes of the stock markets? Or, if it slips close to the issue price of Rs 949, would it justify the gross undervaluation of the share in India’s biggest-ever privatisation scandal?
3 I argue that this is pointless. This is because the “market” for the LIC share today is unrecognisably different from the one that existed two months ago. It is almost as if they were two entirely different persona.…
Read 15 tweets
#SupremeCourt to hear a batch of appeals and a fresh plea against verdicts of the Madras and Bombay HCs which dismissed challenges to the decision of the Centre to trade 5 per cent of its shareholding in Life Insurance Corporation (LIC) through an IPO #LIC #IPOAlert
Sr Adv Indira Jaising: please see the finance act of 2021. it is volume 2 milord @IJaising
Read 54 tweets
LIC IPO - Long Thread:
This could be the most hated thread of mine, coz who can argue with LIC fan base? But if your money is not going the right way, I’ll raise questions like I always do. With $3BN riding on #LICIPO , this could be the saving bet for many. Or so you hope…🧵
India’s Insurance density (Premiums/population) is very low & you will hear this most from insurers. India at $59 per capita premium appears to be in its "infancy" with huge upside ahead. Even with a base of 1.4 Bn people, this does look attractive for high growth. Right ?
Until you look at the YoY trend below (not found in DRHP, obviously). India has been stuck in this range since 2009. In-fact we have a falling trend with some spurts. This hardly looks like a growth market to me. So what happened here ? We’ll examine this later.
Read 24 tweets

1As the #LICIPO opens today for retail investors here is a short thread of my pieces since 2020 revealing the anatomy of India’s biggest-ever privatisation scandal
2 I start with this piece, written in Feb 2020, after FinMin first announced intent to “sell” LIC. I asked: how can you sell something you do not even own?…
3 In this piece, written in early Feb 2022, I warned about the grave possibility of undervaluing #LIC, India’s Crown Jewel. This was written before the LIC’s DRHP was filed with SEBI…
Read 8 tweets
LIC IPO: A Thread.

🚀Strong Demand from Anchor Investors


🏦Norges Bank, Singapore sovereign wealth fund GIC subscribe to anchor book: local MFs also come in as investors (#Kotak, #HDFC Mutual fund, #ICICI, SBI)

💳The #government is selling 22,13,74,920 shares in Life Insurance Corporation (#LIC) at a price band of Rs 902-949 a share, targeting to raise about Rs 21,000 crore.

Read 7 tweets
Here I go with another THREAD on #LICIPO – updating my earlier figures, indicating an even bigger scam than I had revealed, published BEFORE the Red Herring Prospectus was revealed on April 27. Read that story here…
1.THIS is the mother of all scams – the Balco privatisation scam of 2001 (during the Vajpayee days) pales in comparison. Let’s dive right into the pricing of the IPO because that is where the scam is.
2.The IPO is priced at Rs. 904-949/share. Lets forget the lower bound, its inconsequential. Retail investors & LIC employees get to pay a max of Rs. 904/share and Policyholders pay Rs. 889. Remember the Embedded Value estimate (Rs 853/share) made by Govt’s agent Milliman?
Read 17 tweets
🧵 Mega Thread, for the Mega IPO of #LIC 💰

Let us dive 👇

Please Like, Share, Retweet if you find it useful 😄 Image
IPO details:

IPO Opens: 4th May,2022
IPO Closes: 9th May,2022
Face Value: ₹10 per equity share
Price Band: ₹902 to ₹949 per share
Min lot: 15 shares
Issue Size: ₹21,008.48 crs
OFS: 221,374,920 Shares
The IPO will be purely OFS where Government of India will be offloading 3.5% stake in LIC

Employee reservation- Up to 1,581,249 Equity Shares
Policy Holder reservation- Up to 22,137,492 Equity Shares
Post that
QIB - 50%
Retail - 35%
NII - 15%
Read 23 tweets
Unravelling the most awaited and #LARGEST #IPO of #India. #LICIPO #LIC #Investing #Equity #DRHP
Random FACT - LIC is a part insurance and part investment products company.
The price band is set at Rs 902 - Rs 949 per equity share, and I find it very attractive.
Read 24 tweets
#IFBA2021: The Grand Finale of the Indian Family Business Awards Is Here!

Watch the grand finale of the IFBA, presented by Moneycontrol, co-created with @WaterfieldHQ Advisors.

Watch the LIVE 🔴 here 👇…

#BuildingLegacy @GrantThorntonIn
#IFBA2021: The Grand Finale of the Indian Family Business Awards is here!

Going live at 7pm 🔴
#StayTuned 🔥

#BuildingLegacy @GrantThorntonIN @WaterfieldHQ
#IFBA2021: The Grand Finale of the Indian Family Business Awards Is Here!

Here’s some #BTS for you! 🔥

Watch the LIVE grand finale of the IFBA, presented by Moneycontrol, co-created with @WaterfieldHQ Advisors here 👇…

#BuildingLegacy @GrantThorntonIn
Read 20 tweets
LIC चा IPO येतोय..हा IPO घ्यावा म्हणून LIC कडून मोठी जाहिरातही केली जाते आहे.

पॉलिसी असणाऱ्यांनी हा IPO घ्यावा यासाठी LIC ने ६० रुपयांचा डिस्काउंट ही जाहीर केलाय..मग -

LIC चा मेगा IPO घ्यावा का ?


इन्शुरन्स चा धंदा मुळात चालतो कसा ह्याचा घेतलेला हा वेध..

#म #मराठीत
इन्शुरन्स चा धंदा मोठा किचकट आहे.

ह्यात पॉलिसी घेणाऱ्याकडून थोडे पैसे (प्रीमियम)घेतले जातात आणि काही अघटीत झाल्यास(पॉलिसीत नोंदल्याप्रमाणे उदा. अपघात ,मृत्यू ,आजारपण इ इ)पॉलिसी असणाऱ्याला भरलेल्या प्रीमियमच्या काही पट रक्कम दिली जाते..त्या रकमेला म्हणतात - Sum assured .
आता प्रश्न असा पडतो की इन्शुरन्स कंपनी इतके पटीने पैसे आणते तरी कुठून..??

ह्यासाठी इन्शुरन्स कंपन्या २ गोष्टी करतात - १.मागच्या वर्षी समजा १०० लोकांनी पॉलिसी घेतली आणि त्यातले १० लोकांनी क्लेम केला तर ह्या बाकीच्या ९० लोकांच्या प्रीमियममधून क्लेम केलेल्या लोकांना रक्कम दिली जाते
Read 22 tweets
#MCOpinion: Fighting human emotions like greed, lust, and envy are very tough in a #StartUp ecosystem bonded with loose social contracts.

Read on 👇…

#Unicorns #Investors
#MCOpinion: This ongoing #RussiaUkraineConflict is expected to accelerate the need & acceptance for #VDAs globally among ordinary citizens as a hedge when economic uncertainties rise.


#Cryptocurrency #RussiaUkraine
#MCOpinion: States earn significant revenues from taxing #petroleum products. This is particularly true for the richer or the so-called industrialised states such as Tamil Nadu & Maharashtra.

Read more👇…

✍️@gauravchoudhury | #FiscalDeficit #ValueAddedTax
Read 5 tweets
#LeftRightCentre | Ambareesh Baliga, Stock Market Expert, on the #LICIPO Image
#LeftRightCentre | Nilesh Sathe, Former Member, IRDAI, on the #LICIPO Image
#LeftRightCentre | Rajnish Kumar, Former Chairman, SBI, on the #LICIPO Image
Read 5 tweets
Big bang #LICIPO: Details unveiled

🔴 Watch LIVE: Image
🔴 #LICIPO opens on May 4, closes on May 9, price band between Rs 902-949 per share
#LICIPO | India's biggest public issue will be in the price band of ₹ 902-949, with a ₹ 60 discount to policyholders and a ₹ 45 discount for retail investors and employees
Read 4 tweets
Now that #LIC IPO valuation is in public domain , lot of question would be asked what is #EmbeddedValue, her is some clarity
Definition: Embedded value is the sum of the net asset value and present value of future profits of a life insurance company.

Description: This measure considers future profits from existing business only, and ignores the possibility of introduction of new policies and hence profits from those are not taken into account.

Source :…

#LICIPO to open for subscription on May 4, priced at ₹902 - ₹949.
#IPO valued at 1.11x embedded value.

Below valuation comparison with global and domestic peers.

Originally the EV for LIC was ₹1.25 trillion , after changing the methodology it is ₹5.4 trillion

Read 4 tweets
1.As the #LICIPO looms with the NaMo Govt in a headlong rush, here is a thread on why I consider the IPO to be India’s biggest-ever privation scam - based on an article that will appear later today.
2. The revised offer is for 3.5 % of the Govt stake in LIC - amounting to 22.1375 crore shares - instead of the 5% planned earlier - amounting to offer of 31.625 crore shares. As a result, the size of the offer falls from about Rs 70-75,000 crores to about Rs. 21000 crores.
3. The “quantity effect” in the revised offer arises from the shares on offer being 30 per cent lower than previously planned. But the price effect is at play here, which is why this is a scam, the biggest in annals of Indian privatisation
Read 16 tweets
एलआयसी आयपीओच्या निमित्ताने उभे राहिलेले प्रश्न

एलआयसी ही भारत सरकारची कंपनी आहे. आता आयपीद्वारे सरकार या कंपनीतला आपला काही हिस्सा विकणार आहे. हा हिस्सा विकला तरीही बराचसा हिस्सा सरकारकडे कायम असणार आहे.
#म #मराठी #LIC #LICIPO
मग ही सरकारी कंपनी आयपीओनंतर प्रायव्हेट झाली तर तिचा कारभार कसा चालणार? जे नवे लोक एलआयसीमध्ये इन्व्हेस्टमेंट करतील त्यांच्या कंपनीकडून असलेल्या अपेक्षा वेगळ्या असल्या तर काय करायचे? असे काही प्रश्न या निमित्ताने उभे राहतील.
#म #मराठी #LICIPO
१. सरकार आपला हिस्सा किती आणि कसा कमी करणार?
आयपीओच्या नियमानुसार सरकारला एलआयसीमधील कमीत कमी ५% हिस्सा कमी करावा लागेल. कंपनीचे लिस्टिंग झाल्यावर दोन वर्षात आणखी १०% आणि नंतर पुढच्या पाच वर्षात २५% पर्यंत हिस्सा कमी करावा लागेल.
Read 16 tweets
एलआयसी आयपीओचा थेट परिणाम होणारे चार घटक

एलआयसीचा आयपीओ लवकरच मार्केटमध्ये येणार आहे. या आयपीओची साईज साधारण ५३,००० ते ९३,००० कोटींच्या घरात असेल असा अंदाज अनेक विश्लेषकांनी व्यक्त केला आहे. हा आयपीओ भारतीय मार्केटमधील सर्वात मोठा असेल.

#म #मराठी #lic #LICIPO Image
तुम्ही एलआयसीमध्ये इन्व्हेस्टमेंट करा अथवा नका करू, पण या आयपीओचा थेट परिणाम होऊ शकतील असे चार घटक या थ्रेडमधून आम्ही तुम्हाला सांगणार आहोत.
#म #मराठी #lic #LICIPO
१. CDSL - एलआयसीने आपल्या आयपीओमध्ये १०% कोटा आपल्या पॉलिसीहोल्डर्ससाठी राखीव ठेवला आहे. यातले बरेच लोक असे असणार आहेत की जे पहिल्यांदा डिमॅट अकाऊंट ओपन करतील. कंपनीने जाहीर केलेल्या आकडेवारीनुसार त्यांचे साधारण २९ कोटी पॉलिसीहोल्डर्स आहेत.

#म #मराठी #lic #LICIPO Image
Read 10 tweets
Top 9 Upcoming IPO's for 2022:

A Thread 🧵 :

Retweet, Comment & Share.
1. LIC

Life Insurance Corporation (LIC) of India is the largest and the most awaited IPO in India. The government plans to sell around 5% of its stake in the company.

@LICIndiaForever #LICIPO
#LIC #IPO #StocksInFocus #StockMarket #stockmarketcrash
2. OYO

OYO is a leading name in the hospitality sector led by @riteshagar. It plans to raise INR 8,430 crores through its IPO. This amount will be raised through fresh issue of Shares and Offer for Sale.

#oyo #IPO #StocksInFocus #stocks #stockmarketcrash
Read 11 tweets
LIC, India’s crown jewel is set to have the biggest IPO ever. Currently at 18,300 crores, Paytm was the biggest IPO yet followed by Coal India at 15,159 crores. LIC is expected to be at least 50,000 crores.

Few interesting facts about LIC. A 🧵

1) LIC is more than 65 years old. In 5 years it will be ineligible for its own policies 🙂
2) Persistency ratio - This is the amount of policies that are getting renewed after the 13th month of purchase. How does LIC compare to top private insurers like HDFC life and ICICI pru life?
Read 23 tweets
LIC has unclaimed funds of Rs. 21,539 Cr.😲

But, who are the real "Maaliks" of these funds and what LIC does with this fund?

Read the interesting 🧵


#LICIPO #investing
What are unclaimed amounts?

The amount of money that remains due to the beneficiaries or policyholders like :

▶️Maturity claim
▶️Death claim
▶️Survival benefits
▶️Indemnity claims
▶️Premiums refunds

But why does the situation happen?

📌The nominees had lost the original documents
📌 Nominees are unaware of the policyholder having a policy.
📌 Changes in the contract was not notified to the insurance company

Read 8 tweets
Thread on #LICIPO and valuation

1 Brief assessment from my hospital bed on LIC valuation based on DHRP filed with SEBI on Feb 13. The Govt plans to offload 5% of its stake, no fresh issue of shares. This means 31.625 crore shares will be offered for sale.
2. The real meat of the DHRP, which is relevant for the valuation of #LICIPO, is the section on the calculation of the Indian Embedded Value (IEV).
3. Most strikingly, the IEV at the end of Sept 2021 was Rs. 5.397 lakh crores, an increase of a whopping 465 % over the IEV computed for March 2021, just 6 months earlier!
Read 10 tweets
Breaking: LIC files its Draft IPO Documents with SEBI

Cyril Amarchand Mangaldas and Duane Morris & Selvam LLP represent Government of India

Shardul Amarchand Mangaldas & Linklaters represent the Bankers

@cyrilamarchand @LinklatersLLP @AMS_Shardul @shardul_shroff #LICIPO #SEBI Image
LIC is involved in 26,919 CASES of criminal, consumer, civil proceedings, tax proceedings

- 269 Criminal
- 12,323 Consumer
- 14,263 Civil (including 60 contempt matters)
- 63 Tax
- 1 regulatory

The Parliament of India passed the Life Insurance Corporation Act on June 19, 1956, and the Life Insurance Corporation of India was created on September 1, 1956.

LIC intends to sell 5% equity comprising of 31.6 crore shares (316,249,885).

Read 4 tweets

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