1-May-2022 IPO have UPI Limits for applications Retail Individual - Rs 2 Lakh Non-Institutional (HNI) - Rs 5 Lakh Now UPI Applicable for HNI also ab to QIB ka hi bharosa hai .
469.1. K.Atar| Link| Bookmark|
May 1, 2022 12:04:09 PM
IPO Guru (1000+ Posts, 700+ Likes)
@ram sita mota bhai ram ram... aap jab bharoge tab apne aap hi discount hoke rs. block hoga.
application becha ho to discount broker ka... share becha ho to discount aapka.
468.6. K.Atar| Link| Bookmark|
May 1, 2022 11:53:45 AM
IPO Guru (1000+ Posts, 700+ Likes)
The general idea is that 'apply at cut off price and ipo system will block whole amount but at the time of Allotment when eligibility will be checked then appropriate amount will be deducted'. Will advise you guys to focus to gauge mood of the market and arrange fund(s) and apply accordingly. Wish happy profit..
The very important criterion to value a company is its Net Profit. To arrive at a fair value, Average of last 3 years Net profit can be considered. LIC is a PSU company. Most of PSU's (Power Gride, NTPC, REC, PFC etc) are quoting at a PE of around 10. LIC has made an average Net profit of Rs. 2800 crores in last 3 years. with a maximum PE of 20, Its market cap should be around 56000 Crs which results in to a share price of less than Rs. 100/-. Do not get shocked. Learn to consider and accept reality.
Going forward from this financial year LIC will keep 10% of profits instead of 5% till now. So their profitability will be increased They will become more competitive due to public company nature and should work hard to give competition to private sector
I have 4 accounts in my family,one account having LIC policy & other 3 normal accounts. I dont want too much of LIC shares. what should be the ideal application strategy.
apply in full(2 lacs) in lic policy holder account & skip other accounts. or apply in other accounts as well in retail category.
22 cr shares on sale. 35% for retailers. I.e about 7.6 cr for retailers. Imagine if 30% of the 7.6 cr come market on day 1, what will happen. (Approx no’s. Only)
LIC admitted that they have to take some decisions which may not in favour of share holders like
Investment in IDBI BANK or bail out some PSU IPO like NIA , GICRE or HAL
LIC has made losses(mark to market) 6000cr in mispriced policy papers worth 11000cr , thay done provision and will bring in books near future
90% policy sold via agents 9% direct selling and 1% online digital mode where HDFC life has sold 34% digitally
Premium collection -- LIC collect premium (36%) digitally automated roots Pvt companies collect it 90%) So they have to employ staff and persons to get premium
VOLUME at what cost? growth!! Ones PSU banks holding VOLUME and now? Ones PSU like BSNL and MTNL had VOLUME and Now? Ones AIR INDIA had VOLUME and now?
Growth percentage is only matters Bottom line is only thing for any investment.
These are my views. Do your own maths and apply
In SBI CARD everything were good but one bad news of yesbank has spoilt listing.
Ganesh ji Yes it's 66/34 in favour of lic Since independence till now But Since privatisation of insurance sector last 10yrs Pvt. Co dent 34% of lic volume with 18% growth!!
So what's better? 66% with 6% LIC OR 34% With 18 % pvt.co. In terms of CAGR???
Pure calculations
I don't want to discourage here anyone but one should go with growth than volume
Policyholders quota required linking of PAN number with policy before 28 February on LIC website. Your PAN is required
459. Pandit Ji| Link| Bookmark|
April 30, 2022 4:23:39 PM
Top Contributor (400+ Posts, 200+ Likes)
what makes you think Government is giving LIC cheap, can you quote with facts and figures with regards to valuations, It will help us also to arrive at a conclusion, whether to apply or not
Top 5 reasons why I recommend or choose LIC IPO 1) It is Indian Govt prestigious project and they wanted to make sure that it will be a success. Its Nirmala sitaraman’s and govts prestigious issue 2) Govt does not want to fail it since they will definitely plan FPO in the coming year to sell more shares. By the time they wanted to make sure that this is not a flop IPO 3)If the same fails, then the opposition cry on selling public ltd firms will have more visibility and it will affect their future plan of selling more public firms 4)They have pushed the IPO during the tough time and waited for the right time and also reduced the percentage of selling from 5% to 3.5% . All these are the signs of making sure that they wanted to make it a success 5) They realised the importance of retailers these days and they want all retailers to keep the share with them and given off a discount of 45 Rs. actually a premium holder and a normal retailer difference is only Rs 225/- per lot.
LIC is a long term play. With only 3.5% stake sale, Government will come out with FPO, May be two years from IPO. In between, it will be a Dividend play. Government will seek aggressive dividend pay out from LIC. Embedded value is much higher, will be monetised in staggered manner. Lastly, if SBI life can hit 1293 as 52 week high( FV-10), there’s no reason for LIC to go beyond 1300, being much much bigger player.
LIC IPO is green shoe option, has follow on purchase of INR9K Crores from market if price moves below issue price or if market price not trade below issue price INR 9K Crores will be issued additionally So it is safe assume it is zero risk to invest for IPO listing gains