Life Insurance Corporation of India (LIC) IPO Message Board (Page 78)

Request to admin to open a new page of Campus Activewear IPO open on 26th April
Source: moneycontrol

All Reliance shareholders who have shifted to Adani side would be making multi-fold profits by now. Remarkable performance by Adani Wilmar and Power. Instead of stagnating @ 2600 in RI, one should have switched to Adani.

@Selena,
There can be correction in Adani stocks anytime since they have run up a lot. Just keep stop loss to protect yourself. I was talking of the joy ride till now in Adani stocks. Post results, beware of a correction as results may not match the price rise we have seen.

Its political bubble will not burst untill adani become world no1 or india economy crossed 5 trillion marks anything comes before as per contract between fund houses and top leaders seems...

I am telling you with my more than 15 years experience this is the right time to purchase Infosys to create a long term wealth for your children remember in share market only that stock zoomes which battetred very heavily nothing is going wrong with this company all your children which are doing b.tech absorb maximum in TCS Infosys or Wipro think yourself what will happen without information technology and grapes the top most share of this technology baki sab aapane khud sochna hai

@admin
Consider opening Campus IPO page if it is so near (In first part of May as per media reports)

According to the Mint Report Campus Shoes IPO may hit stock market in May.

As per reports, campus shoes may hit market in MAY

Life Insurance Corporation of India IPO – Schedule *(TENTATIVE)*

22nd April – Announcement of Price Band
26th April – Anchor Investors Allotment
27th April – Offer Opens
29th April – Offer Closes
04th May – Finalisation of Basis of Allotment
05th May – Unblocking of ASBA Accounts
06th May – Credit of Equity Shares to Depository Accounts
09th May – Commencement of Trading


Life Insurance Corporation of India IPO – Issue Information *(TENTATIVE)*

Issue Opens on: 27 April 2022
Issue Closes on: 29 April 2022
Issue Type: Book Built Issue IPO
Issue Size: 31,62,49,885 Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.1,900 – Rs.2,000 Share *(TENTATIVE)*
Discount: 5% (for Employees & Policy Holders)
Market Lot: 7 Shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 6,32,49,97,701 Shares
Fresh Issue of NIL Shares @2,000/- = Rs. NIL Crs
Offer for Sale of 31,62,49,885 Shares @2,000/- = Rs.*62,775.60Crs
(*considering 5% discount for Employees & Policyholders)
Equity Shares outstanding after the Issue = 6,32,49,97,701 Shares

Category-wise Break up:
Anchor – 8,06,43,751 Shares = 16,128.74Crs. (@2,000/-)
QIB – 5,37,62,480 Shares = 10,752.50Crs. (@2,000/-)
NII – 4,03,21,860 Shares = 8064.37Crs. (@2,000/-)
RII – 9,40,84,341 Shares = 18.816.87Crs (Lot size: 7 = 1,34,40,620 Forms)
Employees – 1,58,12,494 Shares = 3,004.37Crs. (5% discount = @1,900/-)
PolicyHolders – 3,16,24,989 Shares = 6,080.75Crs. (5% discount = @1,900/-)
Total Issue – 31,62,49,885 Shares = 62,775.60Crs.

Subscription required for 1X
RII = 1,34,40,620 Forms
NII = 8,064.37 Crs.


Life Insurance Corporation of India IPO – Financial Information (Basis of Valuation)

The information is collated from the following documents:
1) DRHP = Draft Red Herring Prospectus Dated February 13, 2022 (652 pages)

EPS for FY18-19 >>> Rs 4.15 (Page #97 of DRHP)
EPS for FY19-20 >>> Rs.4.29 (Page #97 of DRHP)
EPS for FY20-21 >>> Rs.4.70 (Page #97 of DRHP)
EPS for H121-22 >>> Rs.2.38 (Page #97 of DRHP)

RoNW for FY18-19 >>> 322.25% (Page #98 of DRHP)
RoNW for FY19-20 >>> 317.14% (Page #98 of DRHP)
RoNW for FY20-21 >>> 45.65% (Page #98 of DRHP)
RoNW for H121-22 >>> 18.76% (Page #98 of DRHP)

NAV as on September 30, 2021 was Rs.12.68 (Page #98 of DRHP)

Listed Industry Peer Group (Page #99 of DRHP):
SBI Life Insurance Company,
HDFC Life Insurance Company,
ICICI Prudential Life Insurance Company


Life Insurance Corporation of India IPO – *Market’s Current Estimates of oversubscription*:

NII = 40KCrs. = ~4.96X
RII = 50L Forms = 0.37X Applic. wise (Firm Allotment of 7 shares per lot)

Interest cost *@7.00%p.a.* for 7days = *268.49 paise for 1X*

Thus, for NII the costing = 4.96 X 268.49 paise = Rs.13.32 per share (= GMP)

And, for RII the costing = 7 X 13.32 = Rs.93.22/- (= Subject2)

Life Insurance Corporation of India IPO – *GMP Estimated*

GMP 15 +/- 1
Kostak NIL
Subject2 @100/-


LIC IPO

Issue Price = 2.35 X Embedded Value (as of Sept’21)
Market Cap = 2.35 X 5,39,686 Crs = 12,68,262Crs
Rate per Share = MarketCap ÷ No. of Outstanding Shares = 12,68,262Crs ÷ 6,32,49,97,701 = 2,005/-

Fair Value = 3.00 X Embedded Value (as of Sept’21)
Market Cap = 3.00 X 5,39,686 Crs = 16,19,058 Crs
Rate per Share = MarketCap ÷ No. of Outstanding Shares = 16,19,058 Crs ÷ 6,32,49,97,701 = 2,560/-


*LIC IPO*

*Comparison with Peer Group* 13/April

HDFC Life | CMP = 565.05 | No. of Shares = 2,11,26,19,161 | MCap = 1,19,374Crs. | Embedded Value = 29,543Crs. | MCap / EV = *4.041*

SBI Life | CMP = 1,146.10 | No. of Shares = 1,00,03,70,562 | MCap = 1,14,652Crs. | Embedded Value = 35,290Crs. | MCap / EV = *3.249*

ICICI Life | CMP = 539.00 | No. of Shares = 1,43,73,06,101 | MCap = 77,471Crs. | Embedded Value = 30,203Crs. | MCap / EV = *2.565*

And,
*LIC IPO | Issue Price = 2,000 *(TENTATIVE)* | No. of Shares = 6,32,49,97,701 | MCap = 12,65,000Crs. | Embedded Value = 5,39,686Crs. | MCap / EV = 2.344*


Life Insurance Corporation of India when compared to SBI Life Insurance Company Limited …

On “MarketCap / Embedded Value” ratio basis …

Does it deserve to be lower or higher?

Excellent exercise. Madam complex calculation hai. Pl tell us "APPLY OR NOT". YOUR OPINION MATTERS FOR RETAIL CUSTOMER

@eagleye
Your assumption of HNI subscription are questionable as now after April 1, 2022 the HNI allotment is now in 2 buckets of 1) 2 lakh to 10 lakh (5%) 2) 10 lakh and above (10%) and method of allotment is like retail
So all assumption of GMP are questionable

Dosto agar me 5 applications daalu 2-2 lac wali retails me toh lic IPO Ka insurance milega? Lic IPO me loss Hoga toh lic loss Ka amount humko degi?

Kya sochte ho dosto, company ko ek ESA insurance plan Hona chahiye jisse investors Ka loss insurance company barke de

Kya raay hai aapki dosto?
ESA insurance Hona chahiye k Nahi?

Nahi chalakji
Me sirf premium dunga % of capital as per the risk of IPO iske baad me profit Mera or loss insurance company Ka☺️

Such premium will be dynamic and will not be practical

This msg isn't related to lic . I applied for Veranda learning solutions but didn't got shares due to oversubscription. But now 13700 is missing from my account. What should I do . Please help

U will not lose your money. Please reach out to your bank/broker.

Why "Aniketiaf" sir is not posting updates since long?

Also can't see his any of his older posts on his profile url :- https://www.chittorgarh.com/ipo/ipo_discussions.asp?m=37769

If you click on other member's profile names you can read their older posts but not of "Aniketiaf" sir.

Understood that he isn't coming online these days. But his older posts should be visible through his profile like other members , which isn't.

181. Aniketiaf | Link | Jan 12, 2022 8:32:44 AM
IPO Guru IPO Guru (1800+ Posts, 10200+ Likes)
Daawat " cmp 78
Maybe considered for medium term target of three digits.
Thanks


Aniketiaf sir
Your last post/recommended stock also touched 100 yesterday within three months despite a very ongoing downtrend in market since your recommendation.
KING VINOD Sir is returned back and actively participating on the forum. I request you and RAJAKUMAR sir for kind consideration of returning to this forum.
We all r missing you sir. 🙏

Witch bank allow netbanking for minor a/c ?

Canara bank

The price can be between 450-650 which is the Fair price looking the overall structure

Let's see!

Expecting price in this range!

1350

I will only apply if issue price below Rs 500/ otherwise buy after listening 😊

Ipo size reduced to 37500 cr

What is the expected issue price

Expected price above 1150

donot worry so much if you are not policy holder than also you will get shares,2100 prise reminds us old storey so wait and watch qib portion subscription, in share market jo hota hai wo deekhta nahee or jo deekhta hai wo hota nahee🙃🙂😅

Rakesh jhunjhunwala sells stake in escorts. Stock down 17 percentage in last 5 days. Earlier
He has 5 percentage, now less than one.

lic rhp fill tomarrow

ipo date may be 26to 28 april

No chance ...putin mulling some nuclear arsenal revenge to end war ???

@cautious proprio

putin did something today ,
O BHAI KYA GIRAYA HAI MARKET KO AJJ USNE

LIC IPO @ First week of May

Lic IPO coming soon..

Lic ipo may come in may

Last chance for HNI to apply under old rule

No. HNI rules applicable from April 1, 2022. This issue is opening after April 1, 2022