Uday Kotak is all over the papers today in a pre budget meeting suggesting that LIC should be listed
He’s not saying anything original or new here
😆 …I’ve been saying this for years and even made it the butt of an April 1 Fool blog post last year !
Grand Daddy LIC to come out with a Patriotic Par IPO and List shortly !
Monday, April 1st, 2013
Reproducing it below ! …had even made it read plausible with actual financial and other stats !
“Grand Daddy LIC to come out with an IPO and List shortly !Â
……and the great news is that the IPO will be at Patriotic Par to reward the Indian Population ~ The Share Capital is only Rs 100 crs currently and held by the Central Government ~ A Mega Issue is in the Pipeline that will be a Mega Wealth Creator for all Shareholders
Look at it’s Financial Muscle ! as per it’s FY 12 Annual Report
Total Income of  over Rs 3 lakh crs  => US $ 55 billion ~ of which nearly half adds to float after Agent Commission ,Employee Salaries and Policy Claims on Maturity,Death or Surrender
Total Investments of  @ Rs 13.5 lakh crs => US $ 250 billion
Over 1.2 million active agents !
LIC will file a Prospectus soon with SEBI ~ FIIs will not be allowed to subscribe in the IPO
The Market Capitalisation of LIC  is expected to be the aggregate of the Market Capitalisation of the TOP 10 Companies ! ~ TCS,Infosys,Reliance,ONGC……
Cant wait to lick this par issue ! “