Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

Life Insurance  of India / Equity Capital Markets

On 1st of Feb 2020, the Indian finance minister announced the government of India’s (GOI’s) intention to list LIC before the end of the next financial year, i.e. before Mar 2021. This will be the biggest IPO in India, ever, and upon listing it will become one of the largest, if not the largest, listed companies in India.It’s still early days for the listing, and as always there is a high likelihood of missing the listing deadline. Nonetheless, the ball has been set rolling and thus, the company will be listed sooner or later. Life Insurance Corporation (LIC) was established in 1956 via the Life Insurance Corporation Act, 1956. It was a result of nationalisation of life insurance business in India by transferring all such business to LIC. As of FY19, it had a market share of 42% in individual new business premium and a market share of 66% of total first year premium.In this note, I’ll do a quick comparison of LIC with some of its listed private sector peers to arrive at some very preliminary valuation numbers. I’ll also highlight some of the hurdles that the deal will have to cross.

On 1st of Feb 2020, the Indian finance minister announced the government of India’s (GOI’s) intention to list LIC before the end of the next financial year, i.e. before Mar 2021. This will be the biggest IPO in India, ever, and upon listing it will become one of the largest, if not the largest, listed companies in India.It’s still early days for the listing, and as always there is a high likelihood of missing the listing deadline. Nonetheless, the ball has been set rolling and thus, the company will be listed sooner or later. Life Insurance Corporation (LIC) was established in 1956 via the Life Insurance Corporation Act, 1956. It was a result of nationalisation of life insurance business in India by transferring all such business to LIC. As of FY19, it had a market share of 42% in individual new business premium and a market share of 66% of total first year premium.In this note, I’ll do a quick comparison of LIC with some of its listed private sector peers to arrive at some very preliminary valuation numbers. I’ll also highlight some of the hurdles that the deal will have to cross. 

Life Insurance Corporation of India Pre-IPO - Early Take on India's Largest IPO

India

Life Insurance Corporation of India operates as an insurance company. The Company provides life, pension, health, and micro insurance products and services. Life Insurance serves customers in India.

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Life Insurance of India (LICI IN)

Life Insurance Corporation of India Pre-IPO - Early Take on India's Largest IPO

On 1st of Feb 2020, the Indian finance minister announced the government of India’s (GOI’s) intention to list LIC before the end of the next...

Sumeet Singh

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)