• About us
  • Careers
  • Brand Partnerships
TFI Official Merchandise
TFI हिन्दी
TFI Global
Tuesday, July 5, 2022
TFIPOST
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Hindu hating DMK now aims to “secede” Tamil Nadu from India

    Hindu hating DMK now aims to “secede” Tamil Nadu from India

    Sab Modiji ke Kaaran Hai – Congress ‘credits’ Central govt. scheme for development in Wayanad

    Sab Modiji ke Kaaran Hai – Congress ‘credits’ Central govt. scheme for development in Wayanad

    Dear Hindus, do select your friends wisely

    Dear Hindus, do select your friends wisely

    Hindu Lives Matter slogan

    Hindu Lives Matter: A “Dangerous slogan” for Time Magazine

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Startups

    It’s not what it looks like – There’s a lot more behind the glitz and glamour of the startups

    Ola Investment

    Ola did everything right except one – Respect the fundamentals. Now it’s going bankrupt

    crude

    By slapping export duty on fuels, the Modi government is playing the role of protector

    BYJU’s

    BYJU’s on the road to become the next SAHARA….

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Simla Agreement: How India won every war on the ground, but lost badly on the table

    Simla Agreement: How India won every war on the ground, but lost badly on the table

    unmanned flight

    India boosts its Air Supremacy with the testing of the Ghatak stealth drone

    Reason why India will reject Biden’s offer to co-develop AMCA engines

    Reason why India will reject Biden’s offer to co-develop AMCA engines

    Tejas Egypt

    India takes a giant step as a defence manufacturer with its Tejas deal with Egypt

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    USCIRF flashed the religious freedom card again, got slammed by India

    USCIRF flashed the religious freedom card again, got slammed by India

    With one move of Piyush Goyal, the US is whining like sissy babies

    With one move of Piyush Goyal, the US is whining like sissy babies

    Boris Johnson Khalistani

    Decoding the hidden agenda behind Boris Johnson’s sympathy for Khalistani activist

    G20 is ours, the venue is Kashmir, but it aches the bleeding hearts of China and Pakistan

    G20 is ours, the venue is Kashmir, but it aches the bleeding hearts of China and Pakistan

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • History
    • Indology
    Saptarishi image painting

    Saptarishi: The guiding force of humanity

    copper weapons

    The excavations in Mainpuri’s Ganeshpur village illustrate Hindus’ sophisticated weaponry

    Gondya Ala Re – 125 Years of Chapekar Brothers’ Supreme Will

    Gondya Ala Re – 125 Years of Chapekar Brothers’ Supreme Will

    History

    Government shouldn’t have removed Mughal references from NCERT books, it should have published the truth

    • Culture
    • History
    • Indology
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Welcome to Pakistan – The World’s largest dumping yard

    Welcome to Pakistan – The World’s largest dumping yard

    Rocketry review: The nation would be forever indebted to R. Madhavan

    Rocketry review: The nation would be forever indebted to R. Madhavan

    Bollywood feels threatened by the emerging multilingual cinema, and they should be

    Bollywood feels threatened by the emerging multilingual cinema, and they should be

    Manmohan is overrated, Joe Biden is the real robot

    Manmohan is overrated, Joe Biden is the real robot

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
  • Premium
No Result
View All Result
TFIPOST
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Hindu hating DMK now aims to “secede” Tamil Nadu from India

    Hindu hating DMK now aims to “secede” Tamil Nadu from India

    Sab Modiji ke Kaaran Hai – Congress ‘credits’ Central govt. scheme for development in Wayanad

    Sab Modiji ke Kaaran Hai – Congress ‘credits’ Central govt. scheme for development in Wayanad

    Dear Hindus, do select your friends wisely

    Dear Hindus, do select your friends wisely

    Hindu Lives Matter slogan

    Hindu Lives Matter: A “Dangerous slogan” for Time Magazine

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Startups

    It’s not what it looks like – There’s a lot more behind the glitz and glamour of the startups

    Ola Investment

    Ola did everything right except one – Respect the fundamentals. Now it’s going bankrupt

    crude

    By slapping export duty on fuels, the Modi government is playing the role of protector

    BYJU’s

    BYJU’s on the road to become the next SAHARA….

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Simla Agreement: How India won every war on the ground, but lost badly on the table

    Simla Agreement: How India won every war on the ground, but lost badly on the table

    unmanned flight

    India boosts its Air Supremacy with the testing of the Ghatak stealth drone

    Reason why India will reject Biden’s offer to co-develop AMCA engines

    Reason why India will reject Biden’s offer to co-develop AMCA engines

    Tejas Egypt

    India takes a giant step as a defence manufacturer with its Tejas deal with Egypt

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    USCIRF flashed the religious freedom card again, got slammed by India

    USCIRF flashed the religious freedom card again, got slammed by India

    With one move of Piyush Goyal, the US is whining like sissy babies

    With one move of Piyush Goyal, the US is whining like sissy babies

    Boris Johnson Khalistani

    Decoding the hidden agenda behind Boris Johnson’s sympathy for Khalistani activist

    G20 is ours, the venue is Kashmir, but it aches the bleeding hearts of China and Pakistan

    G20 is ours, the venue is Kashmir, but it aches the bleeding hearts of China and Pakistan

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • History
    • Indology
    Saptarishi image painting

    Saptarishi: The guiding force of humanity

    copper weapons

    The excavations in Mainpuri’s Ganeshpur village illustrate Hindus’ sophisticated weaponry

    Gondya Ala Re – 125 Years of Chapekar Brothers’ Supreme Will

    Gondya Ala Re – 125 Years of Chapekar Brothers’ Supreme Will

    History

    Government shouldn’t have removed Mughal references from NCERT books, it should have published the truth

    • Culture
    • History
    • Indology
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Welcome to Pakistan – The World’s largest dumping yard

    Welcome to Pakistan – The World’s largest dumping yard

    Rocketry review: The nation would be forever indebted to R. Madhavan

    Rocketry review: The nation would be forever indebted to R. Madhavan

    Bollywood feels threatened by the emerging multilingual cinema, and they should be

    Bollywood feels threatened by the emerging multilingual cinema, and they should be

    Manmohan is overrated, Joe Biden is the real robot

    Manmohan is overrated, Joe Biden is the real robot

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
  • Premium
No Result
View All Result
TFIPOST
No Result
View All Result

LIC is all set to become the second-biggest company in India by valuation

Abhishek Kumar Singh
by Abhishek Kumar Singh
14 January 2022
in Trending
1
LIC IPO Government India
1.1k
VIEWS
Share on FacebookShare on Twitter

Over the last 3 decades, the Indian government has focused on allowing various Public Sector Units to have their own management structure, free from the bureaucratic maze. They do it through divesting companies that no longer need socialist diktats from them. The latest entrant in the list of autonomous companies is LIC. The state-run enterprise looks all set to become the second-largest valued company in India with its IPO listing.

LIC to rack up biggest ever IPO

According to reports available in the public domain, Life insurance Corporation (LIC) will be filing its IPO prospectus by the end of this month. The estimated value of the public issue is Rs 15 lakh Crores. It is the biggest value of IPO ever filed by an Indian firm. The fact that it comes from a Government-owned entity is an indication of India’s growing stature.

The embedded value of IPO is expected to be around 4-lakh Crores. Embedded value is the statistical measure of investors’ interest in an insurance company. It is the sum of estimated future profits (according to current inflation rates) and funds belonging to shareholders that have been accumulated in the past (also known as Net asset value).

Record numbers are an indication of investors’ confidence in future of India

The market share of IPO is expected to be four times that of embedded value. It will depend on investor appetite, profitability outlook, and trends in the industry. Valuation of 15-Lakh crores makes LIC stand among a coveted group of companies like Reliance Industries Ltd (valuation of 17 lakh crores) and Tata Consultancy Services (valuation of 14.3 lakh crores).

“If investors agree with those calculations proposed by the government, LIC would join the league of India’s biggest companies – Reliance Industries Ltd and Tata Consultancy Services Ltd – that enjoy a market capitalisation of Rs 17 lakh crore rupees and Rs 14.3 lakh crore, respectively,” a Bloomberg source informed.

Read more: The disinvestment of Air India is an idea whose time had come almost a decade back

Modi Government is not in the business of doing business

Modi government has liberalised investment rules to ensure that companies willing to invest do not face any bureaucratic hindrances. Earlier rules regarding foreign firms not investing in LIC have been removed which led to an increase in the market value of IPO.

LIC’s IPO is a progression in Modi government’s policy of Minimum government-Maximum governance. A huge amount of companies in India are owned by Government. Despite being mired by bureaucracy, these entities keep functioning, sucking up taxpayers’ money. LIC is indeed an exception in that aspect. Still, the government wants to make sure that the company competes with the best insurers all around the world.

Read more: IRCTC shows how disinvestment works wonders on PSUs

The year 2021 had been the year of IPOs in India. Nazara Technologies, Zomato, CarTrade, Freshworks, Nykaa, Policybazaar, Paytm, MapmyIndia were some famous names that cashed in on the public’s trust. 2022 is expected to start with a bang through LIC’s offerings. This will work as a guiding force for other government-owned companies to increase their efficiencies.

Tags: InvestmentIPOLICmarket
Share50TweetSend
Previous Post

Bhagwant Mann could be AAP’s CM Candidate. It’s as funny as it is tragic

Next Post

Wasim Mulla applied for a loan. Bank Rejected. Wasim Mulla burned the bank. Bad Wasim Mulla

Abhishek Kumar Singh

Abhishek Kumar Singh

Truth Seeker. Columnist at TFI Media.

Comments 1

  1. Avatar A.girishbabu says:
    6 months ago

    Iam very much worried of implementing of LIC IPO future of policyholders & lic agents known as back bone of LIC
    Already demat account opening & other process regarding IPO started but already LiC bonus declining & returns is not fair enough & now policyholders sovereign guarantee is also taken away slowly
    The future of policyholders & field force in a bad shape.

    …

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

  • Most Read
  • Comments
  • Latest
Xi Jinping, coronavirus, Shinzo Abe, china, Japan, coornavirus, COVID-19, Wuhan Virus

‘Pack up and get out of there,’ Japan to spend $2.2 billion to get Japanese companies to exit China

9 April 2020
ajay devgn karan johar

The man who bullied the Bully – How Ajay Devgn made Karan Johar’s monopoly a joke and forced him to apologize

22 June 2020
Huawei, China, Trump, USA, Xi Jinping

‘Our survival is at stake now,’ Chinese Telecom giant Huawei crumbles after US ban on Semiconductor exports

19 May 2020
T-Series Sonu Nigam Divya Khosla Kumar Bhushan Kumar

T-Series forced to take down Atif Aslam’s video, Divya Khosla trolled. T-Series has a bad day in office

25 June 2020
Meat Ban

A Jain responds to Meat Ban in Mumbai

Public Sector Bank, Government, Bill

Dear bank employees, continue your stride but PSBs will be privatized

anti-Hindi

Anti-Hindi Forever?- In search of a National Language!

Dear Liberals – your Beef Parties are not protests, they just intend to displease the Majority

Dear Liberals – your Beef Parties are not protests, they just intend to displease the Majority

How Patels evicted from Uganda became Motel owning millionaires of the US

How Patels evicted from Uganda became Motel owning millionaires of the US

4 July 2022
Hindu hating DMK now aims to “secede” Tamil Nadu from India

Hindu hating DMK now aims to “secede” Tamil Nadu from India

4 July 2022
Sab Modiji ke Kaaran Hai – Congress ‘credits’ Central govt. scheme for development in Wayanad

Sab Modiji ke Kaaran Hai – Congress ‘credits’ Central govt. scheme for development in Wayanad

4 July 2022
Dear Hindus, do select your friends wisely

Dear Hindus, do select your friends wisely

4 July 2022

Popular This Week

BYJU’s
Analysis

BYJU’s on the road to become the next SAHARA….

by Rahul Gupta
1 July 2022
Bollywood Thackeray
Politics

Why Bollywood is afraid of Devendra Fadnavis’ return to Maharashtra

by Apoorva Shukla
25 June 2022
Tejas Egypt
Defense

India takes a giant step as a defence manufacturer with its Tejas deal with Egypt

by Rahul Gupta
28 June 2022
Tejas LCA
Defence

Malaysia wants India’s Tejas LCA at any cost

by Rahul Gupta
25 June 2022
Zubair TFI Connection
Premium

The story of Mohammed Zubair that no media portal can tell you about

by TFIPOST News Desk
29 June 2022

©2022 TFI Media Private Limited

  • Terms of use
  • Privacy Policy
  • Sitemap
No Result
View All Result
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
  • Premium
TFI Official Merchandise
TFI हिन्दी
TFI Global
  • About us
  • Careers
  • Brand Partnerships

©2022 TFI Media Private Limited

Follow us on Twitter

and never miss an insightful take by the TFIPOST team

Follow @tfipost