LIC IPOs & Factors
Should new investors buy LIC IPOs?
The primary market timing for the LIC IPO has been extended till May 4. Should you purchase or avoid ?
LIC plans to raise up to Rs 5,630 crore at the upper end of the price band from the anchor investors.
From May 4 To May 9, The Initial Public Offering (IPO) Will Be Available To The General Public. Investors Would Be Asked For A Total Of Rs 21,000 Crore By The Insurance.
“LIC's Contribution To Growth In The Protection Category Is Smaller Than Its Competitors. “We Believe LIC Is Well Positioned To Grasp The Industry Opportunity,” Said KR Choksey.
Reliance securities also advises investors to ‘subscribe' to the offer, citing lic's primary risk of failure to retain and attract individual agents on schedule and within budget.
“Investors Should Be Aware That The Insurance Industry Is Long-Term In Nature,” Said Nyati.