5 Highlights of LIC IPO which you need to know

@factkeeps

 At an expected mop-up of Rs 21,000 crore, the LIC IPO will be the largest public issue in the history of the Indian capital market.

Biggest IPO in Indian market

The government will dilute 3.5 percent stake in the state-run insurance giant by selling around 22 crore shares.

Govt just dilute 3.5% stake

LIC maintains around a 60% market share and it could be a good company to invest with a medium- to long-term view

Biggest Market Leader

LIC has reserved 10 percent of the issue size for policyholders, and 5 percent for employees, and also giving a discount to them in the IPO.

Giving preference to policyholders and employees

The industry is expected to average an annual growth rate of 5.3 percent between 2019 and 2023, according to a report.

Insurance is growing industry