India's Life Insurance

hello everyone welcome to my channel don't forget to like comment and subscribe India's Life Insurance Corporation files for 8 billion dollars IPO State Brian Life Insurance Corporation of India or LIC has filed 12 papers with the market regulator to sell five percent of its shares to potentially rise nearly 8 billion dollar twerking the biggest IPO in ICS third largest economy by a considerable margin the offering is crucial to the Narendra modulate governments effort to meet its certainly trimmed to investment Target for The Current financial year and will provide a master of the success of the governments from Market policies the largest insurer will be selling 300 and 16.25 million shares according to the draft prospector files on Sunday amounting to nearly five percent of the offer picked up share capital the government could rise a little more than a 6 billion India's rupees or 7.97 billion dollars from the insurance rather than the initial plan for about 900 billion rupees having dreamed the offering because of market conditions of governments Source said the feeling also State an embedded value of 5.39 billion India's rupee or 71.56 billion dollars the embellished value is a measure of future has flows in life insurance companies and a cavians financial coach for insurers the IPO is seen as a test of a of investor appetite for new offerings with a number of companies that listed last year no trending below their offer prices on concern over love the evaluation and looming increased interest rates by 

global central banks fighting inflationary pressures the expected listing also comes Atkins the backdrop of foreign investor pulling out phones from the domestic Market the life insurance giant which had more than 105 000 full-time employees at the end of September and counts itself among the top 5 Global insurers manage more than 5 500 billion dollar of assets and holds more than 60 percent of India's life insurance Market by premiums LIC has more than 280 million policies in force and a report by friend Finance has put the insular Sprint value at 8.66 billion dollar so the government's scaling paid of its private decision Target to 10.5 billion dollars raised uncertainty about the size of the plant LIC offering government officials have said investors shouldn't assume the the revised Target points to a smaller than expected IPO for LIC India's most recent IPO by a life insurer was in 2017 when HDFC 

life insurance life insurance raised 1.3 billion dollars its share price has merely doubled since the listing LIC planned offering will dwarf the record to 0.5 billion dollars IPO by payment company paytem last year so Peyton's IPO was the was then the country speakers the sales have since Fallen 58 from its offered price Indian companies raised a record 16.6 billion dollars through initial sales in 2021. 52 more than the previous record high in 2017 Revolution the LIC listing could make it one of India's five biggest companies by market capitalization joining energy to telecoms group Brilliance Industries software Services Company TCS HDFC bank and ID channel invoice okay thanks for watching see you the next article and bye