LIC IPO: If you are also going to invest in LIC IPO Policy




CRISIL’s report states that LIC IPO effect on Policy Holders  82 percent return on equity is much higher than other major insurance companies in the world.

Preparations have begun to launch the country’s biggest IPO. The company has filed draft red herring prospects (DRHP) with SEBI on February 13. The government will sell 4.99% stake of the company’s post offer paid-up share capital. LIC is going to be the biggest LIC IPO of the country. The government has submitted the DRHP on February 13. Accordingly, the Government of India will issue 31.62 crore shares. According to DRHP, the Asset Under Management (AUM) of LIC IPO as of September 2021 is Rs 39.6 lakh crore.

Tuhin Kant Pandey, Secretary, Department of Investment and Public Asset Management (DIPAM), said that LIC’s IPO is purely an offer for sale (OFS). No fresh issue will be issued in this. “The government is going to sell its 5% stake by issuing 31.6 crore shares,” Pandey said.


Government will remain the owner of LIC IPO


It is the largest life insurance company in the country. The government wants to raise around Rs 90,000 crore by selling stake in this company. This will help the government in meeting the disinvestment target of the current financial year

Apart from this, the government cannot sell more than 25 percent of its stake in LIC during 5 years.

LIC has highest market share

LIC has a market share of 64.1%. According to a report by Crisil, it is the largest life insurance company in the country.

LIC IPO: DRHP of country’s largest LIC IPO handed over to SEBI, government will sell 5% stake

The CRISIL report states that LIC’s 82 per cent return on equity is much higher than other major insurance companies in the world. Chinese insurer Ping has a return on equity of 19.5 per cent, while that of Aviva is 14.8 per cent.

LIC IPO New Business Premium Growth Superb


LIC’s profit after tax stood at Rs 1,437 crore in the first half of the financial year 2021-22. Its profit stood at Rs 6.14 crore in the same period a year ago. LIC’s new business premium grew at 554.1 per cent in the first half of this financial year. It is the sixth largest insurance company in the world in terms of total assets with $522 billion.


LIC IPO effect on Policy Holders will be the largest listed company in the country


According to London-based Brand Finance, the market value of LIC is estimated to reach 43 lakh crores this year. It is expected to increase to Rs 58.9 lakh crore in the next five years i.e. by 2027. In this way, it can remain the largest company in the country for the next several years.

TCS is second in this regard, with a valuation of more than Rs 14 lakh crore.

lic ipo pan update

ABG workplace ships News


ABG workplace ships
ABG workplace ships

ABG workplace ships: The Central Bureau of Investigation (CBI) has registered a case against ABG workplace restricted, its former Chairman and decision maker Rishi Kamlesh Agarwal et al within the biggest bank fraud case.


The alleged parties ar aforementioned to own defrauded depository financial institution of India (SBI), and twenty seven different banks and lenders to the tune of over Rs twenty two,842 crore. The CBI has conjointly registered a case against many others within the ABG workplace fraud case.



Rishi Agarwal ABG workplace ships


ABG workplace restricted is in hand by ABG cluster, a firm engaged within the business of construction and ship repair. The construction company relies in Mumbai. the corporate is being promoted by Rishi Aggarwal. The company’s shipyards ar settled at Dahej and Surat in Gujarat. ABG workplace has engineered over a hundred sixty five ships in sixteen years.


ABG workplace ships fraud case


The loan account of ABG workplace was initial declared as a Non-Performing plus (NPA) in July 2016.


ABG workplace, the flagship company of the ABG cluster, is engaged within the business of construction and repair. Promoted by man. Rishi Agarwal, it’s a significant player within the Indian industry. Its shipyards ar settled at Dahej and Surat in Gujarat. the corporate encompasses a construction capability of up to eighteen,000 dead weight duty at Surat workplace and up to one.20 100000 dead weight duty at Dahej Unit.

ABG shipyard tender


The company has engineered over a hundred sixty five ships as well as forty six ships for the export market within the last sixteen years. These enclosed specialised vessels like paper carriers, self-discharging and loading bulk cement carriers, floating cranes, attack aircraft boats, dynamic positioning diving support vessels, pusher tugs and flotillas for leading firms in India and abroad. The ships have received category approval from all international classification societies.


ABG workplace ships Owner


The FIR aforementioned that the worldwide crisis affected the shipping business thanks to fall in demand and costs of products and subsequent  fall in load demand. Cancellation of contracts for a few ships resulted in pile of inventory. This resulted in a very shortage of capital and a major increase within the operational cycle, any combination the liquidity/financial downside.


There was no demand for industrial vessels because the business was looking a lag in 2015 similarly. additionally, no new defense orders were issued in 2015. company} was finding it troublesome to realize the envisaged milestones in corporate debt restructuring and, therefore, was unable to pay interest and installments on due dates.

CBI Books ABG workplace ships restricted


The company was referred by ICICI Bank to the National Company Law assembly (NCLT), Ahmedabad, for company financial condition resolution method. consequently, a resolution skilled was conjointly appointed. The skilled had earlier filed Associate in Nursing application before the NCLT alleging preferential/low worth transactions and fraud/wrongful commerce by the corporate, that was confirmed by the assembly in 2019, as alleged.

ABG Shipyard News 2022

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