by Suman Gupta
MUMBAI, 29 APRIL 2022 (GPN): LIC IPO quote from Mr. Girirajan Murugan, CEO of FundsIndia “The most awaited and biggest LIC IPO will finally hit the primary market next week and we are expecting the demand to be decent. LIC being the largest and most trusted insurance company in India we are expecting to see a lot of first time investors especially from the Tier 2 and 3 markets to participate in this IPO. This IPO is expected to be a milestone event in the capital markets not just with the issue size but also with the number of demat accounts that will be opened during this period. What the investors would look before investing in the LIC IPO would be- Penetration of LIC in markets untouched by the private insurance players, being a first mover in the Insurance play in India LIC has this upper hand and it continues to lead the space with its far reach of network both through agents and branches. The price at which LIC is coming with an IPO seems attractive on the valuation front. We are positive on this IPO.”
