In today’s briefing:
- Life Insurance Corp of India IPO: Premium Market
Life Insurance Corp of India IPO: Premium Market
- Life Insurance Corp of India (1248Z IN) is the largest life insurer in India. LIC is looking to raise about $8 billion. It opens for anchor investors on 11 March.
- LIC has leveraged its dominance to deliver healthy premium growth and high persistency ratio. However, the VNB margin and operational efficiency metrics are mid-tier compared to peers.
- On balance, the fundamentals look sound. The IPO is worth a look for investors willing to brave the volatile IPO market conditions.
Before it’s here, it’s on Smartkarma