Brokerages unanimously recommend investors to subscribe to the issue as LIC’s current valuations are attractive, considering its strong market presence, and strong sector growth outlook. The discount to private players is justified, given the declining market share, lower short-term persistency ratios and sub-par margins, they say.LIC IPO opens tomorrow: Should you subscribe to the issue?
Brokerages unanimously recommend investors to subscribe to the issue as LIC’s current valuations are attractive, considering its strong market presence, and strong sector growth outlook. The discount to private players is justified, given the declining market share, lower short-term persistency ratios and sub-par margins, they say.
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