How much does the IPO-bound LIC have in the Indian markets? Its the top stock holdings.

Its main holdings include the top Indian companies, including RIL, TCS, Infosys, SBI, ITC, ICICI Bank, among others.

As the historic date that is the Life Insurance Corporation of India (LIC) IPO is nearing and the interest of the market for the issue has been growing.

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LIC has the top position in the insurance industry and is expected to earn an area among the country’s most valuable firms and its public offering likely to create a compelling offer.

In the draft initial public offer (IPO) documents submitted to SEBI The government is proposing to sell 5% of LLIC’s equity via the of selling (OFS).

The most impressive figure, however, is the its strategic position in the Indian market for equity, even before the stock is made open for trading. In February of 2022 the market cap for 5,249 stocks at BSE stood at Rs255.4 lakh crore. Of this LIC held 3.7 percent ( Rs9.4 lakh crore) through its stakes in several companies, according to the data provided by the Ventura Securities. Ventura Securities.

“It is an anchor for the sheet in the shares of many publicly traded companies. It also serves as a powerful counter-balancing burden against FPI (Foreign Portfolio Investors) holdings. For example, LIC held 16.23% stake in ITC as of the 31st of December, 2021 however, FPI investors had an 9.99 percent stake. This is important considering that the promoter does not have any stake in the business,” the brokerage’s research report stated.

The main holdings of the insurance giant includes some of India’s biggest firms like Reliance Industries in which its holds around 6.13 percent stake at the time of its December 2021 closing date, Tata Consultancy Services (TCS), Infosys, State Bank of India (SBI), ITC, ICICI Bank, among other.

On the other the other hand, ITC, Hindustan Copper, NMDC, MTNL, Larsen & Toubro (L&T), Hindustan Aeronautics (HAL), Oil India are some of the companies that LIC has greater than 10% of the shares.

In addition, a variety of companies, like ACC, Ambuja Cements, India Cements, Bharat Bijlee, CDSL, DCM Shriram, Grasim, Mahindra and Mahindra, National Stock Exchange, Tata Steel and Tata Power among others include LIC appointed directors to their boards.

Covid-19 was an examination of stress that was a stress test for Indian Life insurance firms. With their consistent performance in a challenging phase it is likely that they will be on a strong expansion path moving ahead. Furthermore, LIC as the market leader has most likely to profit from the opportunities for growth in the coming years,” Ventura Securities note added.

Source: Google News

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