{"id":1184,"date":"2022-01-12T16:22:09","date_gmt":"2022-01-12T10:52:09","guid":{"rendered":"https:\/\/www.eqwires.com\/tutorials\/?p=1184"},"modified":"2022-01-12T16:22:11","modified_gmt":"2022-01-12T10:52:11","slug":"india-seeking-rs-15-lakh-crore-valuation-for-lic-ipo-wants-to-pit-it-in-the-league-of-ril-tcs","status":"publish","type":"post","link":"https:\/\/www.eqwires.com\/tutorials\/india-seeking-rs-15-lakh-crore-valuation-for-lic-ipo-wants-to-pit-it-in-the-league-of-ril-tcs\/","title":{"rendered":"India seeking Rs 15 lakh crore valuation for LIC IPO; wants to pit it in the league of RIL, TCS"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">India is pushing for a valuation of about 15 trillion rupees ($203 billion) for a state-owned insurer that\u2019s soon expected to file for the nation\u2019s biggest initial public offering, people familiar with the matter said, even as arrangers awaited a final report on the firm\u2019s estimated worth.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The so-called embedded value of Life Insurance Corp. of India is likely to be more than 4 trillion rupees, and its market value could be about four times that amount, the people said, asking not to be identified as the discussions are private. Once the final report is in, the valuation the government is seeking could change.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Embedded value, a key metric for insurers, combines the current value of future profits with the net value of assets. The gauge will be part of LIC\u2019s IPO prospectus that\u2019s likely to be filed in the week starting Jan. 31. Typically, the market value of insurers is between three and five times the embedded value.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If investors agree with those calculations proposed by the government, LIC would join the league of India\u2019s biggest companies \u2014 Reliance Industries Ltd. and Tata Consultancy Services Ltd. \u2014 which have a market capitalization of 17 trillion rupees and 14.3 trillion rupees, respectively.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A finance ministry spokesman didn\u2019t answer calls to his mobile phone seeking comment, while LIC declined to comment.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The government may be stretching its expectations a bit too far, two of the people said. The final valuation would be decided based on various parameters, including investor appetite, profitability outlook, and trends in the industry, they said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The first-time share sale by the insurer is part of Prime Minister Narendra Modi\u2019s efforts to mop up cash and help rein in a budget deficit that\u2019s widened in the midst of the pandemic. The government is planning to sell 5% to 10% of the company before the end of March.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A call on the amount of stake to be sold will be taken by a ministerial panel later this month before LIC files the draft prospectus with the market regulator. At the valuation the government wants, a 5% stake will fetch about 750 billion rupees.<\/p>\n\n\n\n<h2 class=\"has-dark-red-color has-text-color wp-block-heading\"><strong>Eqwires Research Analyst<\/strong><\/h2>\n\n\n\n<p class=\"has-medium-gray-color has-text-color wp-block-paragraph\"><strong><a href=\"https:\/\/www.eqwires.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Top-notch SEBI registered research analyst<\/a><\/strong><\/p>\n\n\n\n<p class=\"has-medium-gray-color has-text-color wp-block-paragraph\"><a rel=\"noreferrer noopener\" href=\"https:\/\/www.eqwires.com\/\" target=\"_blank\"><strong>Best SEBI registered Intraday tips provider and Best SEBI registered stock advisory company<\/strong><\/a><\/p>\n\n\n\n<p class=\"has-medium-gray-color has-text-color wp-block-paragraph\"><a href=\"mailto:info@eqwires.com\"><strong>info@eqwires.com<\/strong><\/a><\/p>\n\n\n\n<p class=\"has-dark-red-color has-text-color wp-block-paragraph\"><strong><a href=\"https:\/\/t.me\/eqwires\">Telegram&nbsp;<\/a>|&nbsp;<a href=\"https:\/\/www.facebook.com\/eqwires\/\">Facebook&nbsp;<\/a>|&nbsp;<a href=\"https:\/\/twitter.com\/EqwiresRA\">Twitter<\/a><\/strong><\/p>\n\n\n\n<p class=\"has-dark-red-color has-text-color wp-block-paragraph\"><strong>Call: +91 9624421555 \/&nbsp;<em>+91 9624461555<\/em><\/strong><\/p>\n\n\n\n<p class=\"has-dark-red-color has-text-color wp-block-paragraph\"><strong><a href=\"http:\/\/www.eqwires.com\/\">www.eqwires.com<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>India is pushing for a valuation of about 15 trillion rupees ($203 billion) for a state-owned insurer that\u2019s soon expected to file for the nation\u2019s biggest initial public offering, people familiar with the matter said, even as arrangers awaited a final report on the firm\u2019s estimated worth. The so-called embedded value of Life Insurance Corp. of India is likely to be more than 4 trillion rupees, and its market value could be about four times &hellip; <a href=\"https:\/\/www.eqwires.com\/tutorials\/india-seeking-rs-15-lakh-crore-valuation-for-lic-ipo-wants-to-pit-it-in-the-league-of-ril-tcs\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;India seeking Rs 15 lakh crore valuation for LIC IPO; wants to pit it in the league of RIL, TCS&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":1185,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[201,172,136,138,134,164,217,368,139,140,324,106,272,266,98,72,97,184,73,268,135,137,133,330,104,141,299,161,160,159,74,210,75,158,166,311,228,227,103,254,102,224,257,298,300,101,373,105,301,165,327,329,76,77,78,79,247,347,365,356,308,358,361,355,353,352,350,363,215,216,174,80,81,99,218,82,340,339,320,183,168,167,170,251,83,84,85,86,87,108,88,202,155,154,273,89,100,90,91,92,93,94,95,236,255,385,232,231,250,374,96,3,260,252,248,249,322,107,192,220,360,275,223,156,157,341,246,238,207,177,176,175],"tags":[4,5,267,6,200,7,116,19,149,147,145,14,150,153,120,9,271,190,191,13,18,8,10,269,148,151,146,25,285,27,21,194,50,229,226,124,33,253,126,225,119,20,28,49,127,121,230,295,22,29,245,310,351,384,380,377,389,213,26,182,111,31,62,30,42,57,112,343,321,56,64,206,59,53,264,43,51,32,187,35,55,44,270,288,196,47,37,195,45,39,36,40,203,38,143,152,129,142,46,63,67,61,65,234,71,235,54,256,117,233,68,287,193,241,335,205,66,204,70,259,221,291,274,222,163,69,58,342,239,208,114,178,181,179,180],"class_list":["post-1184","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accurate-stock-tips-provider-in-india","category-best-advisory-service-provider-for-beginners","category-best-bank-nifty-future-calls","category-best-bank-nifty-options-tips-provider","category-best-bank-nifty-trading-tips-provider","category-best-equity-advisory-services-in-india","category-best-ethical-investment-advisor-in-india","category-best-financial-advisor-websites-in-india","category-best-index-future-services","category-best-index-options-services","category-best-intraday-advisor-in-india","category-best-intraday-call-provider","category-best-intraday-jackpot-calls","category-best-intraday-research-company","category-best-intraday-tips-for-tomorrow","category-best-intraday-tips-provider-in-india","category-best-intraday-tips-site","category-best-intraday-tips-website-in-india","category-best-investment-advisor-in-india","category-best-jackpot-tips-provider","category-best-nifty-future-calls","category-best-nifty-options-tips-provider","category-best-nifty-trading-tips-provider","category-best-option-trading-telegram-channel","category-best-options-tips-provider-in-india","category-best-options-trading-tips-provider-in-india","category-best-paid-stock-recommendation-sites-india","category-best-performing-pms-in-india","category-best-pms-in-india","category-best-portfolio-management-services-in-india","category-best-sebi-registered-advisory-company","category-best-sebi-registered-investment-advisor","category-best-sebi-registered-investment","category-best-sebi-registered-research-analyst","category-best-sebi-registered-stock-tips-provider","category-best-sebi-registered-telegram-channel","category-best-share-market-advisor-in-india","category-best-share-market-advisory-company-in-india","category-best-share-market-consultants-in-india","category-best-share-market-tips","category-best-share-market-tips-provider-in-india","category-best-share-tips-provider-in-india","category-best-stock-advisor","category-best-stock-advisor-websites-in-india","category-best-stock-advisory-service-in-india","category-best-stock-market-advisory-services-in-india","category-best-stock-market-telegram-channel","category-best-stock-market-tips-provider-service","category-best-stock-recommendation-service-in-india","category-best-stock-tips-provider-in-india","category-best-stock-tips-provider-in-telegram","category-best-telegram-channel-for-stock-market-tips-in-india","category-business","category-commodity-market","category-currency","category-equity-market","category-equity-research-analyst","category-eqwires-best-intraday-tips-provider-in-india","category-eqwires-best-investment-advisor-in-india","category-eqwires-best-option-trading-telegram-channel","category-eqwires-best-sebi-registered-investment-advisor-in-india","category-eqwires-best-sebi-registered-telegram-channel","category-eqwires-best-stock-advisor-websites-in-india","category-eqwires-best-stock-tips-provider-in-telegram","category-eqwires-best-stock-tips-provider-on-telegram","category-eqwires-genuine-stock-tips-provider","category-eqwires-high-accuracy-stock-tips-provider","category-eqwires-most-successful-stock-advisors-in-india","category-ethical-sebi-registered-investment-advisor","category-ethical-sebi-registered-research-analyst","category-fact-about-operator-based-calls","category-fii-based-calls","category-foreign-markets","category-free-intraday-stock-tips-for-tomorrow","category-genuine-intraday-tips-provider","category-genuine-stocks-tips-provider","category-googles-highest-ranking-sebi-registered-research-analyst","category-googles-highest-ranking-sebi-registered-stock-advisory-company","category-high-accuracy-intraday-tips","category-how-can-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