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7	7	* The Life Insurance Corporation of India was created on 1st September, 1956
8	8	* LIC had 5 zonal offices, 33 divisional offices and 212 branch offices
9		-* The total number of Agents on Roll is 12,08,826 as on March 2020
10		-* LIC's IPO will open on 04 May 2022 – 09 May 2022 having Price range of Rs 902 – 949 and will start trading on May 17, 2022
	9	+* The total number of Agents on Roll is 13,53,808 as on March 202
	10	+* LIC's IPO will closed on 09 May 2022 having Price range of Rs 902 – 949 and started trading on May 17, 2022
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12	12	[[image:LIC0.jpg||height="539" width="719"]]
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151	151	|(% style="width:230px" %)Profit After Tax|(% style="width:200px" %)17,153.12|(% style="width:122px" %)29,741.39|(% style="width:116px" %)27,104.78|(% style="width:137px" %)26,273.78
152	152	|(% style="width:230px" %)Earnings per Share FV Rs 10|(% style="width:200px" %)3.6|(% style="width:122px" %)4.7|(% style="width:116px" %)4.29|(% style="width:137px" %)4.15
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	155	+[[image:LICI5.jpg]]
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	157	+
156	156	= LIC IPO =
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	160	+**LIC Listing Highlights**
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	162	+**Shares Lists at Discount; Weak LIC Listing Due to Unpredictable Market Conditions, Says DIPAM Secy**{{footnote}}https://www.news18.com/news/business/markets/lic-listing-live-updates-lic-share-price-lic-share-price-on-bse-nse-lic-stock-listing-price-lic-listing-day-strategy-livenews-5187967.html{{/footnote}}
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	165	+May 17, 2022; Life Insurance Corporation of India (LIC) shares made a tepid debut on the stock exchanges on Tuesday, May 17, listing at a discount to the IPO price. LIC shares started trading at Rs 865 apiece, down 8.65 per cent from its IPO price of Rs 949 on BSE. The share opened at Rs 872 on NSE, an 8.8 per cent discount over the premium.
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	168	+The sell-off in the global and domestic market, the hike in interest rates by the central banks and the accelerating inflating statistics, and an ongoing global war have dampened the euphoria around the listing of mega IPO.
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	170	+The government offloaded 3.5 per cent of its stake in the insurance behemoth to raise Rs 21,000 crore from the share sale. LIC IPO opened for subscription from May 4-9 with a price band of Rs 902-949 per share. For LIC employees and retail investors, there was a discount of Rs 45 per equity share. LIC policyholders were eligible for a discount of Rs 60 per share.
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	173	+“As observed, the majority of big IPOs have not given strong listing debut gains. Considering previous trends, LIC has continued to take the same path with listing at a discount,” said Mohit Nigam, head – PMS, Hem Securities.
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	176	+“We believe that personal savings and awareness regarding insurance will increase enabling the sector to outperform in the long run and will indirectly benefit LIC as it is the market leader in this sector,” he further mentioned.
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	179	+On LIC IPO valuation, Yash Gupta, Equity Research Analyst, Angel One Ltd said, “At the upper end of the price band the LIC IPO is priced at P/EV (embedded value) of 1.1x which is at a significant discount to other listed private life insurance companies line HDFC Life, ICICI Pru Life and SBI Life.
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	182	+For LIC investors, Parth Nyati, founder, Tradingo, said, “LIC enjoys many competitive advantages like strong brand value, extremely large scale of operations, a huge network of agents, and an envious distribution network, further, the company’s issue was priced at a Price to Embedded value of 1.1x, providing a valuation comfort, so we suggest investors to stay with the company for the long term despite the negative listing. Those who applied for listing gains can maintain a stop loss of Rs. 800. New investors can take advantage of the dips to accumulate this share for the long term. We would like to add that the company’s further downside will be limited due to low float post listing.”
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158	158	**LIC's IPO Likely To Open On May 4, But Exact Timelines Post April 27**
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160	160	April 25, 2022; LIC's IPO is likely to open on May 4 and close on May 9, according to sources, who said the exact timelines will be confirmed post April 27th.{{footnote}}https://www.ndtv.com/business/lic-ipo-likely-to-open-on-may-4-and-close-on-may-9-sources-2919445{{/footnote}}
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190	190	The stake sale was initially planned to be launched in March 2022, but the Russia-Ukraine crisis derailed those plans as stock markets were highly volatile.
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193		-Previously, the government was expecting to garner over ₹ 60,000 crore by selling about 31.6 crore or 5 per cent stake in the life insurance firm to meet the curtailed disinvestment target of ₹ 78,000 crore in 2021-22.
	220	+Previously, the government was expecting to garner over ₹ 60,000 crore by selling about 31.6 crore or 5 per cent stake in the life insurance firm to meet the curtailed disinvestment target of ₹ 78,000 crore in 2021-22.  But the drastic lowering of ambitions for the IPO would be a setback for the government and challenge its fiscal balances as the disinvestment was positioned and aimed at replenishing the state's coffers.
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196		-[[Comments>>path:javascript:void(0);]]But the drastic lowering of ambitions for the IPO would be a setback for the government and challenge its fiscal balances as the disinvestment was positioned and aimed at replenishing the state's coffers.
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199	199	**LIC IPO sees ‘excellent’ response from anchor investors**
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201	201	May 2, 2022; LIC’s initial public offering on Monday saw ‘excellent’ response from anchor investors, an official said.{{footnote}}https://www.financialexpress.com/market/ipo-news/lic-ipo-sees-excellent-response-from-anchor-investors/2510902/{{/footnote}}