View on LIC IPO from Vinod Nair, Geojit Financial Services
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Below are Views on LIC IPO from Vinod Nair, Head of Research at Geojit Financial Services
"Generally, the appetite for LIC IPO will be high from common & new investors given its mammoth public brand value. However, in the long-term, the end demand and performance will depend on its future growth, profitability, and sustenance of market share in the life insurance industry. While in the short-term, the valuation demanded by the government and discount provided to retail investors will define the success & performance of the offer. We can presume a high demand or vice versa depending on the valuation demanded by the government on LIC’s Embedded Value is at discount or premium to the insurance industry average"
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