LIC IPO- Biggest is not the right word!
The government is expected to raise >75,000 Cr by selling part of its stake in the insurance behemoth LIC.
The issue size is so big that even the word big does not seem to capture the essence of how big it is!
A thread by Bhaskar & me.
The government is expected to raise >75,000 Cr by selling part of its stake in the insurance behemoth LIC.
The issue size is so big that even the word big does not seem to capture the essence of how big it is!
A thread by Bhaskar & me.
Some numbers to put things in context-
1. The biggest IPO yet was by One97 Communications (Paytm), which raised just about 18,000 Cr; LIC IPO size is at least 4x.
2. The mutual funds SIP flows/month are upwards of 9,000 Cr; LIC hopes to raise >8x of this amt in 2 days!
1. The biggest IPO yet was by One97 Communications (Paytm), which raised just about 18,000 Cr; LIC IPO size is at least 4x.
2. The mutual funds SIP flows/month are upwards of 9,000 Cr; LIC hopes to raise >8x of this amt in 2 days!
3. There are 10 Indian states whose budget size is less than the LIC IPO size.
The govt is tweaking some rules in this IPO. Ex, rules tweaked for FII invst in the IPO. Investors are given a period of 2 days to invest in an IPO; however, looking at the issue size of LIC's IPO, this period is most likely to be increased.
Hopefully, this rule tweaking won't create a negative precedent in the well-regulated capital market of India.
Fun fact: The money raised by LIC will not be used by the company, but will be transferred to the GOI's wallet.
#insurance #lic #ipo #investing #nifty50
Fun fact: The money raised by LIC will not be used by the company, but will be transferred to the GOI's wallet.
#insurance #lic #ipo #investing #nifty50
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