LIC IPO: LIC IPO will come soon, documents submitted to SEBI

In which stocks and how much LIC’s money is invested in the Indian stock market


new Delhi. The country’s largest insurance company Life Insurance Corporation of India ie LIC (Life Insurance Corporation of India) is preparing to bring IPO. The company has submitted the initial documents for the IPO with the country’s market regulator Securities and Exchange Board of India (SEBI). According to the draft red herring prospectus ie DRHP filed for the IPO, the government will sell its 5 percent stake through equity shares.

LIC owned 3.7 per cent (Rs 9.4 lakh crore) of the total market cap of Rs 255.4 lakh crore of 5,249 stocks listed on the BSE as of February 14, 2022, according to data from brokerage Ventura Securities, which is its stake in various companies. was through.

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LIC’s 6.13 percent stake in Reliance Industries
Reliance Industries (RIL) is also included in the companies with a large stake in LIC, in which LIC had a 6.13 percent stake as of December 2021. Apart from this, LIC also has a significant stake in Tata Consultancy Services ie TCS, Infosys, SBI, ITC, ICICI Bank.

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LIC has more than 10 percent stake in these companies
ITC, Hindustan Copper, NMDC, MTNL, Larsen & Toubro (L&T), Hindustan Aeronautics (HAL), Oil India are some of the companies in which the insurance company has more than 10 per cent stake.

There are also nominated directors of LIC on the boards of ACC, Ambuja Cements, India Cements, Bharat Bijli, CDSL, DCM Shriram, Grasim, Mahindra & Mahindra, National Stock Exchange, Tata Steel and Tata Power etc.

Tags: IPO, LIC IPO, Life Insurance Corporation of India (LIC), SEBI


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