LIC IPO Updates: Rajat Sharma has said that if we talk about him, he is not taking much interest in LIC's IPO. He has said that he will wait for the listing of LIC in the stock market and after that, he can decide to invest in shares.
LIC IPO News: The country's largest insurance company Life Insurance Corporation (LIC) has fixed the price band (LIC IPO Price Band) for its initial public issue (IPO). The price band for LIC IPO has been fixed at Rs 902-949 per share.
LIC is going to give a discount of Rs 60 to its policyholders in the IPO. Retail investors and LIC employees will be given a discount of Rs 40 per share. LIC's IPO can open on May 4 and close on May 9. LIC IPO may open on 2 May for anchor investors.
Rajat Sharma, a stock market expert and founder and CEO of Sana Securities, says that instead of participating in LIC's IPO, investors should decide to invest in LIC after LIC is listed in the stock market.
Rajat Sharma has said that if he is talked about, he is not taking much interest in LIC's IPO. He has said that he will wait for the listing of LIC in the stock market and after that, he can decide to invest in shares.
Regarding the business of insurance companies, Rajat Sharma has said that the insurance industry is currently facing weakness in terms of buying new policies. In the case of the new policy, the business has fallen by 7 percent. If we talk about the business of insurance companies at this time, then because of Corona, when most people are taking interest in buying policies, according to that the insurance industry should do good business.
People expect that insurance companies can see great results, but the real situation is the opposite. The 7% weakness in buying new policies actually tells a different story for the insurance business. Along with this, the valuation of insurance companies is at a high level at the moment. At this time new investors should avoid investing in insurance and non-banking finance companies.
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