Life Insurance Corporation of India (LIC) IPO Message Board (Page 71)

@Admin

The LIC GMP is showing 70 on GMP section while today's low is 90

From where You get GMP? Why updating wrong GMP?

LIC GMP 90--95

I have an unrelated query, VBL has announced bonus shares, as iam new to the market and I thus want to know:
Will the record date which will be announced after the shareholders vote ending on 29 May. Be a future date or will it be a date that has already gone.... What is the general practice on it???
BTW the bonus announcement came out yesterday.

Future date

Thanks Arun!

DIPAM secretary says that they don't plan to bring in any FPO for this company for the next 01 year. Which means that there will be an FPO after about an year which may be followed by a slew of such offers.

But people who can believe that Rs 500 notes can be stashed but Rs 2K notes can't, would obviously believe all unbelievably positive stories about this IPO.

To each his own thinking

Now Kostak reaches 1800... Super

Now ... 1950

Is it including discount of (Rs.45*15shares)?

Or it is 1950+(45*15)?

GMP 75 enjoy for retailers 75+45 discount so GMP is 120 rs....kosak 1400....

Those who done KYC earlier (might for other policy or withdrawal) may not had to do it again bcoz it has already been linked to your customer id
So
Kindly check pan link page of LIC on Google,

https://linkpan.licindia.in/UIDSeedingWebApp/getPolicyPANStatus

How much lot available for small and big HNI ? Any one have any idea?

HNI is a single category here. There is no segregation for small and big HNI in this IPO.

How can HUF apply under policy holder quota
Is that possible?

Anyone will apply HUF pan no. Under policy holder quota?

https://linkpan.licindia.in/UIDSeedingWebApp/getPolicyPANStatus?

Important link of LIC Policy holder can check eligibility status before Apply under (LIC IPO Policy holder category)

Gmp 75

P. E multiples of Insurance Companies
1. HDFC LIFE : 99
2. SBI LIFE : 75
3. LIC : 201
DECIDE YOURSELF TO SUBSCRIBE OR AVOID.

Yes you are right..


Till now every body was talking about P.E

For Lic ipo all of a sudden every body talking about embedded value......

What's going..
?

I was just thinking the old story of R- Power , 12 years ago. When R power was launched, at that time all media and people of Print media gave subscribe rating for this issue. And after that no one stood firm and those who gave subscribe rating just disappeared and was saying that it was very expensive issue. Now at this time too everyone including zee business, cnbc and all other experts are giving subscribe rating to LIC. Some experts are suggesting for Long term, but if we have to apply for Long term then why not on Listing.
Secondly the market is in downtrend and global market is also in downtrend so at the time of Listing, the sentiment will also be poor. It is high possibility that Poor sentiment of LIC would drag the market too. Hence LIC lover may get the chance of buying on Listing day with big discount. Why experts are not much worried about the high ( 200 ) pe of this issue. One can check The pe of all PSU and does it m ean that rerating of this all psu may be happening?

Just do your research before any decision as money is yours only.

Put everything aside

Only thing come to my mind
Around 9000cr worth equity available for selling. On listing (not all willing to sell)

Let's say 5-6000cr worth equity selling listing gain holders probably (assume)

Now who will buy?
Bcoz retailers for long term would have bought in IPO with discount

Nii also have fair chance to buy at IPO

QIB can come in for purchase on listing

But
Only concern is FII !!
will they come and buy at a premium with headwinds of WAR, RATE HIKE and INFLATION rising?

If FII buy than it will give some decent gains

welcome friends for counter my above logic

We have so many examples of big IPO s where retailers trapped like RPOWR,CIL,PAYTM,NIA,GICRE and others

though CIL has given enough dividends and some listing gain so will LIC,but will anyone subscribe only for dividends?

Some positives

Unique combination of business operations
So it's not easy to compare with anyone in Indian market
And for that we can not find out proper valuation

Till now LIC giving 95% earning to policyholders but now thay will bring down itto 90% and distribute some amount to share holders too as dividends

Retailers and policyholders have 5 to 7% discount on offered and probably only thing
Which attracts to subscription

So in conclusion
Figures doesn't matter for LIC (ipo), only facts
-ZINDGI KE SATH BHI,ZINDGI KE BAAD BHI-

@harit,

Only concern is FII !!
will they come and buy at a premium with headwinds of WAR, RATE HIKE and INFLATION rising?

There were media reports that some FIIs expressed concerns over valuation. At that time the expected offer price was around 1800-2100. Because of FIIs concerns only I think now the offer price is reduced to almost half to Rs. 949. So I think FIIs will lap up the shares with both hands. And in my view after the listing slowly but surely the price will reach original price Rs. 1800 which will be a good 100% gain for FIIs to offload. And since the Govt. has lot more sell further they will make sure price will go up or at least stay well above Rs. 949 before they offer for sale. This is my view and lets see how it pans out!

Based on following positive key factors, LIC's IPO looks lucrative.

1 LIC manage asset of Rs 39 lakh crores. That is more money than the entire mutual fund industry combined.
2 They invest these funds across stocks and bonds. They own 4% of all listed stocks in India and more government bonds than the RBI.
3 Leading insurance provider company in India and fifth largest global insurer by GWP.
4 Public Trust on LIC because of Government backing and therefore on an average majority of the families are having Life Insurance Policy with LIC.

To favour private players, this will be killed for sure. This has more resemblances to BSNL. Now government desperately want to encash money.

Practically, youngsters don't like LIC due to less return. I have surrendered all the LIC policies in last 2 years. Almost most of young age persons doing the same. Only traditional and aged person invest in LIC which itself indicates bad future of LIC. Think your self and sold in grey if premium available. Don't kept open your position. It's too risky. Govt. Reduced size of ipo it means in near future government again sale shares which is negative. Only positive is that it's a cash rich company. But in practical share price increase if growth is visible. There is no such case. I don't think it's a wise decision to apply fully. Even if operators bought shares by creating false grey premium as there is no demand on listing day which kept share price under pressure on listing as many sellers ready to sale.

“Security” this is what makes LIC attractive.
Of all the people I know have at least 1 LIC policy.
You may not get good returns on LIC, but your policy will surely be honoured.
Just how big MNC’s are considering investing in India because of “China+1 Policy” to diversify risk. Many take LIC along with another companies policy because it comes with zero risk.
Also Insurance is a necessity, it need not be considered as an asset.

For me it is (Slightly Revised version to @Amit Chedda);
7 important thing necessary are;
1) Mediclaim insurance (make sure there is no capping on room rent - this is key requirement, else claim will be reduced proportionately)
2) term life insurance (make sure you opt for Critical Illness Rider - Must requirement), (Reason: it acts as second health insurance and provides income loss, also locks the premium irrespective of age, but in Mediclaim premium increases with age - Hence Must)
3) NPS (Self employ or employed - doesn't matter, go for this)
4) mutual Fund sip at early stage with long tenure (Multi cap fund - Max equity exposure to reap the India growth trajectory, since at the early stage).
5) fixed deposit for emergency fund (Min. of six month maintenance fund including loan EMI buffer)
6) APY - Atal pension Yojana (So far the least expensive solution for Pension, join in 5K plan start at early stage of job - Less premium pay).
7) Teach your Spouse and Children regularly to create awareness on financial literacy - To handle emergency crisis handling (India is badly lacking this, No school teaches, Most Indians still feel managing finance is the Men's job). responsibility)

Never get trapped into Real estate at the early stage of earning (it kills your compounding benefit, power of equity appreciation etc.)..

As @Power user rightly said, I did lot of Injustice to me already keeping all hard earned money in real estate which is hardly giving any appreciation :)

ASBA 3rd party IPO Application Update (Minor, HUF, Corporate)

(This is FYI for people use using ASBA 3rd party IPO application)

It seems banks are removing ASBA 3rd party IPO application functionality. SBI net banking is no more offering 5 applications (though this feature is still available on the 'SBI YONO Light App'). Few members are reporting similar cases with other banks.

This will be a problem for applying in IPO on Minor, HUF, Corporate, etc. accounts. The alternative is to submit a paper form to the bank where these entities have an account.

Almost all bank provides netbanking facility + debit card for HUF, huf account holder should start checking with their banks.
Minot 10+ years all banks providing debit card using upi people can apply.
Now bank provides many facilities people need to explore it.
Instead of raising this point pls list out banks who provides netbanking upi for minors and huf.
🙏

@Chittorgarh Admin - I am having HUF savings in Kotak Bank and using ASBA for HUF application since long.

It was not allowed me to register HUF demat account details from net banking. I personally visit home branch and submit application form to register demat account with savings account and there after I can able to apply via ASBA for my HUF account.

No need to apply in physical forms in every IPO.

Today I have updated the policy with PAN details. Am I eligible for policy holder discount?

Last date for linking pan to lic policy was 28th February, 2022 not 28th April, 2022🤣🤣🤣🤣🙏

No, last date for eligibility was 28.02.22

None of government insurance listed company give profit to shareholders.Huge discounted price like gicre.....400+++( price after considering 1:1 bonus)ipo price CMP roughly 120...avoid

i am getting pension from lic jeevan suraksha for last 5 years. will i be eligible for policyholder quota? thanks in advance, dear friends

thank you very much, asoke. anmish, i think you're probably incorrect, but still thank you very much for taking much trouble to inform. i'm applying with full force in policyholder category. asoke, your posts are works of wisdom & harbinger of wealth like our other senior veterans in chittorgarh.com, a super website for bse & nse fans

Ravu, pls do not give wrong information, policy holder quota allotment is proportional , if this quota over subscribed then who apply max lots will get first preference,

Do not get confused with retail quota allotment and policy holders quota allotment, both are different.

Sbi has stopped 3rd party asba, now how to apply minor ipo? Expert pls suggest

If you are employee of LIC
IF You are LIC policy holder
You will apply LIC IPO
Employee+Policy holder+Retail Quata
Apply will 3 Application 2+2+2=6 Lakh