PLAGIARISM SCAN REPORT

Date 2022-08-18

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Introduction

-What are shares?

Shares are fractional ownership interests in a corporation.

For some businesses, shares are a type of financial instrument that allows for the equitable distribution of any declared
residual profits in the form of dividends.
A stock with no dividend payments does not distribute its income to its shareholders. Instead, they look forward to further
stock price growth as business profits rise.

Shares are an organization's equity capital, and there are two primary kinds of shares: common shares and preferred
shares. The terms "shares" and "stock" are therefore frequently used interchangeably.

-What is an IPO?

An initial public offering (IPO) is the procedure of issuing fresh shares of stock to the public for the first time in a private
firm. A corporation can raise equity funding from the general public through an IPO.

-LIC

India's Life Insurance Corporation of India (LIC) is a statutory insurance and investment company with its headquarters in
Mumbai. The Indian government is the owner of it.

The Life Insurance of India Act, which nationalised the insurance sector in India, was approved by the Indian Parliament on
September 1st, 1956, leading to the establishment of the Life Insurance Corporation of India.
The state-owned Life Insurance Corporation of India was formed through the merger of over 245 insurance companies
and provident societies.
According to LIC, there were 290 million insurance holders as of 2019, a total life fund of 28.3 trillion, and a total value of
21.4 million for policies that were sold during the 2018–19 fiscal year.

In the 2021 Union Budget, Finance Minister Nirmala Sitharaman proposed to undertake an initial public offering for LIC.
The IPO is anticipated to take place in 2022. After the public listing, the Government of India will continue to control the
majority of the shares. It is suggested to provide 10% of the shares to current LIC policyholders. The government of India
proposed in 2021 to dramatically increase the Life Insurance Corporation of India's (LIC) authorised capital to 250 billion
(US$3.1 billion) to enable its planned public listing for the next fiscal year, which will begin on 1 April.

LIC announced that its initial public offering (IPO) would begin on May 4 and end on May 9 of the following year. The
Government of India, the LIC's sole owner, is expecting to raise 21,000 crore through this IPO as opposed to obtaining
between 65,000 and 70,000 crore by diluting 5% stock prior, implying a more than 50% compromise on valuation as well.
The valuation is around Rs 6 lakh crore based on the IPO pricing band for 3.5% holdings for Rs 21,000 crore.

 
Introduction

-What are shares?

Shares are fractional ownership interests in a corporation.

Page 1 of 3
For some businesses, shares are a type of financial instrument that allows for the equitable distribution of any declared
residual profits in the form of dividends.
A stock with no dividend payments does not distribute its income to its shareholders. Instead, they look forward to further
stock price growth as business profits rise.

Shares are an organization's equity capital, and there are two primary kinds of shares: common shares and preferred
shares. The terms "shares" and "stock" are therefore frequently used interchangeably.

-What is an IPO?

An initial public offering (IPO) is the procedure of issuing fresh shares of stock to the public for the first time in a private
firm. A corporation can raise equity funding from the general public through an IPO.

-LIC

India's Life Insurance Corporation of India (LIC) is a statutory insurance and investment company with its headquarters in
Mumbai. The Indian government is the owner of it.

The Life Insurance of India Act, which nationalised the insurance sector in India, was approved by the Indian Parliament on
September 1st, 1956, leading to the establishment of the Life Insurance Corporation of India.
The state-owned Life Insurance Corporation of India was formed through the merger of over 245 insurance companies
and provident societies.
According to LIC, there were 290 million insurance holders as of 2019, a total life fund of 28.3 trillion, and a total value of
21.4 million for policies that were sold during the 2018–19 fiscal year.

In the 2021 Union Budget, Finance Minister Nirmala Sitharaman proposed to undertake an initial public offering for LIC.
The IPO is anticipated to take place in 2022. After the public listing, the Government of India will continue to control the
majority of the shares. It is suggested to provide 10% of the shares to current LIC policyholders. The government of India
proposed in 2021 to dramatically increase the Life Insurance Corporation of India's (LIC) authorised capital to 250 billion
(US$3.1 billion) to enable its planned public listing for the next fiscal year, which will begin on 1 April.

LIC announced that its initial public offering (IPO) would begin on May 4 and end on May 9 of the following year. The
Government of India, the LIC's sole owner, is expecting to raise 21,000 crore through this IPO as opposed to obtaining
between 65,000 and 70,000 crore by diluting 5% stock prior, implying a more than 50% compromise on valuation as well.
The valuation is around Rs 6 lakh crore based on the IPO pricing band for 3.5% holdings for Rs 21,000 crore.

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Title:Upcoming IPO 2022: वर्ष 2022 में IPO तोड़ेगा रिकॉर्ड, 68 …
 · A corporation can raise equity funding from the general public through an IPO. Since there is often a share premium for
present private investors, the transition from a private to a public firm can be a crucial period for private investors to …
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Title:currentaffairs.adda247.com › closing-day-of-lic-ipoOn closing day of LIC IPO, the total subscription at 2.95 times
Jun 10, 2022 · The Life Insurance Corporation of India was founded on September 1, 1956, when the Indian Parliament
passed the Life Insurance of India Act, which nationalised the Indian insurance business. The state-owned Life Insurance
Corporation of India was formed through the merger of over 245 insurance companies and provident societies.
https://currentaffairs.adda247.com/closing-day-of-lic-ipo/

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 PLAGIARISM SCAN REPORT

Date 2022-08-18

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PROCEDURE FOR IPO

Employing an underwriter or investment bank is the first step. The company will enlist the aid of financial professionals,
such as investment banks, to begin the initial public offering process. The underwriters provide the company with
assurances on the funding raised and serve as go-betweens for the company and its investors.
The specialists will also review the company's critical financial metrics and sign an underwriting agreement.
Typically, the underwriting agreement will include the following elements:

• Information on the deal

• The sum to be raised

• Contents of Issued Securities

Step 2: IPO Registration

The draft prospectus, also known as the Red Herring Prospectus, and registration statement are prepared as part of this
IPO process (RHP). RHP submission is required by the Companies Act. According to the SEBI and Companies Act, all
mandatory disclosures are included in this document. Here are some of the main elements of RHP:

• Definitions: It includes definitions for terminology relevant to the industry.

• Risk Factors: In this part, the potential issues that might affect a company's finances are disclosed.

• Use of Proceeds: In this section, it is explained what will be done with the money investors have contributed.

• Industry Overview: This section describes the company's operations within the overall industry segment. For instance, if
the organization is in the IT sector, the part will offer estimates and forecasts for the sector.

• Business Description: This section will outline the company's primary business operations.

• Management: This section contains details on important management professionals.

• Financial Description: This section includes the auditor's report and financial statements.

• Legal and Other Information: In this part, you can find information on any legal actions taken against the business.

Three days before the offer is made available for public bidding, this document must be filed to the registrar of businesses.
Along with that, the registered statement must adhere to SEC regulations. After filing, the company can file an IPO
application with SEBI.

Step 3: SEBI verifies the information provided by the company.

SEBI is the market regulator. The business may reveal a date for its IPO after the application is accepted.

Step 4: Submitting a Stock Exchange Application

Now that the company wants to float its maiden issue, it must submit an application to the stock exchange.

Step 5: Raise awareness through roadshows before an IPO opens to the public.

Over the next two weeks, the executives and staff at the company will advertise the impending IPO across the country. This
is a marketing and advertising strategy to attract potential investors by sharing key highlights of the company with various
people, including business analysts and fund managers. The executive team implements various user-friendly measures,
like Question and Answer sessions, multimedia presentations, group meetings, online virtual roadshows, etc. The company
can now choose to price its IPO at a fixed price or through a book binding offering. In the event of a fixed price offer, the

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company's stock price will be announced in advance.

Step 6: Pricing of IPO

The company can now decide whether to do an IPO through a Fixed Price Offering or a Book Binding Offering. In the case
of a Fixed Price Offering, the price at which the company's stocks are sold is announced in advance. If there is a Book
Binding Offering, the company will announce a price range and then investors can place bids within that range.The
company will give the minimum number of shares that need to be purchased in order to place a bid. The company also
offers an IPO Floor Price and IPO Cap Price. The IPO booking is typically open from three to five working days and
investors can revise their bids within the stipulated time. After the bidding process is complete, the company will
determine the Cut-Off price, which is the final price at which the issue will be sold.

Step 7: Share Allocation

Once the IPO price is set, the company works with the underwriters to determine the number of shares to allocate to each
investor. If we are overwhelmed with applications, we will allocate some. IPO shares are generally allocated to bidders
within 10 business days from the date of the last auction.

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Jun 24, 2022 · The underwriters provide the firm with assurances on the funding received and act as intermediaries between
the company and its investors. The specialists will also review the company's critical financial metrics and sign an
underwriting agreement. Typically, the underwriting agreement will include the following elements: Details of the deal
https://fortunetalkstrading.blogspot.com/2022/06/ipo-process.html/

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 PLAGIARISM SCAN REPORT

Date 2022-08-19

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It rained IPOs in 2021, with 63 firms raising Rs. 1.19 trillion, a record for any year. This growth is predicted to additional
maintain till 2022. solely within the half-moon of 2022, 23 firms area unit about to go public! IPO (Initial Public Offering),
however, has everybody on the sting of their seats: LIC (Life Insurance Corporation of India). The commerce of India's most
well-known insurance firm is predicted to be the country's largest-ever commerce.

In Feb of this year, LIC filed a Draft Red Herring Prospectus (DRHP) and later tweaked the IPO's size. The insurance firm
reduced the scale of its initial public providing (IPO) from 5-hitter to 3.5%, raising regarding Rs. 21,000 crores. In spite of
the reduction in size, this is often still thought-about the most important commerce within the Indian securities market. In
the IPO, the govt can supply 221,374,920 equity shares as a suggestion purchasable. The LIC has set a worth vary of Rs. 902
per share on the low finish and Rs. 949 per share on the higher finish. This worth vary is additionally referred to as worth
Band within the securities market jargon. Bids for a minimum of fifteen equity shares and multiples of 15 is created on the
electronic platform discovered for the aim. it's reserved 100 percent of the whole shares offered for the policy holders of
LIC and 5-hitter for the LIC workers. Also, policy holders get a reduction of Rs.60, whereas the retail investors and eligible
LIC workers get a reduction of Rs.45 on the share worth of LIC.

So however will a LIC customer make the most of this opportunity? Applying for the LIC initial public offering as a
customer is straightforward. you merely have to be compelled to certify you have got these 2 things ticked off the list of
requirements-

An active Demat account:

If you don’t have a Demat account however, visit either NSDL or CDSL websites for an inventory of registered deposit
participants.

Then, give your recent photograph, PAN card, address proof and a off cheque to finish the KYC for gap your Demat
account.

A PAN card connected to the policy account:

1. To update your records connected to the policy account, visit www.licindia.in and click on on the icon to register your
PAN on-line.
2. Enter your email ID, date of birth, contact variety, full name and LIC policy variety

3. Click to examine the declaration box and enter the displayed captcha code

4. Click on ‘Get OTP’ and enter the OTP you received to finish the verification method.

Before moving ahead with the appliance method for LIC initial public offering as policyholders, you'll have to be compelled
to check for the relevance following rules as per the various policy holding scenarios:

1. Even though you have got multiple policies, you'll be able to solely apply for the initial public offering once.

2. If you plan a policy for a minor kid, you're eligible for reservations specifically put aside for the customer reservation
portion as a result of you're the owner of the policy.

3. Only 1 of the policyholders will apply below the policy reservation class if the policy is control collectively. the opposite
person/(s) will apply mistreatment the quality procedure for non-policyholders.

After you're through with the essential needs concerning eligibility, you'll be able to apply for the LIC initial public offering
following a straightforward procedure:
1. On the DP's platform, attend your profile. whereas the navigation method varies from company to company, you ought

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to cross-check the initial public offering section of the platform you are mistreatment.

2. After that, hunt for the acceptable class below the LIC initial public offering tab. The 'Policyholder Reservation Portion' is
receptive all eligible policyholders.

3. Fill in your data, place a bid for the quantity of shares you're applying for and so click the submit button.

4. Following that, the taking part bank can issue you a mandate you'll have to be compelled to settle for.

5. Once you are finished, click the 'apply now' button. Then, mistreatment UPI or the other on-line payment choice,
complete the payment choice.

6. If you decide on the UPI payment choice, you'll receive an invitation to dam the specified funds on your UPI mobile
application.

7. Once approved, the funds can currently be control in your checking account till the allotment method is completed. For
such UPI-based bids, a limit of Rs a pair of large integer has been set.

8. The cash are going to be mechanically debited from the account if the shares square measure assigned to you. If you do
not get the shares within the share allotment method, the funds blocked for initial public offering bidding are going to be
free and you'll be able to employ those funds for the other purpose you want.

Retail investors who don’t fall under the class of policyholders will apply under the QIB (qualified institutional buyers)
phase. The procedure for constant includes the subsequent steps:

1. Go to your on-line net-banking account and log in. After that, you will be taken to their home page.

2. Go to the investment section and choose IPO/e-IPO from the menu.

3. Fill within the depository and bank account data. The verification method are going to be finished once you've got done
that.

4. Once you've got completed the verification method, choose the 'Invest in IPO' choice.

5. Add the quantity of shares and therefore the 'bid price' to the LIC initial public offering. Then press the 'Apply now'
button.

6. The cash for the appliance are going to be control within the bank till the allotment is finalised. Following the allotment
of the shares, the account are going to be debited for the applicable quantity. If you don’t get the shares within the
allotment method, the cash blocked shall be discharged.

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 PLAGIARISM SCAN REPORT

Date 2022-08-19

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LIC IPO

• The largest IPO in India history will be LIC's. 22.13 crore shares will be sold by the government. The leading insurance
provider in India according to GWP for fiscal 2021 is LIC, with a market share of 64.1%. In fiscal 2021, LIC had a market
share of around 87% in total maturity claims and approximately 91% in annuity payouts.

• The LIC IPO's subscription period runs from May 4 to May 9. The corporation would price its equity shares between Rs
902 and Rs 949. However, it would provide policyholders a Rs 60 discount and employees and retail investors a Rs 45
reduction.

• In contrast to prior estimates of over Rs 60,000 crore, the government will only raise about Rs 20,557 crore from the
IPO. It will still be India's biggest IPO ever, despite the reduced size. The entire offering is an offer for sale (OFS) by the
Indian government, which will sell 22.13 crore equity shares, or 3.5% of the company. The corporation had previously
planned to sell a 5% share in the business.

• Investors can place bids for shares in lots of 15 shares and higher. One batch of LIC will cost Rs 14,235 crore at the
upper end of the price bracket, before any discounts. While 2.21 crore shares are set aside for policyholders, 15.81 lakh
shares are earmarked for employees.

• On May 12, shares will be distributed to winning bidders, and the following day, failed bidders will receive a refund.
Shares will be credited to the demat account by May 16 and the stock will be listed on the exchanges on May 17.

CONCLUSION

The LIC IPO intentions were first mentioned in the Fiscal Budget 2020, but it took a little more than two years to meet the
target due to changes made to the rule framework, an accounting system adjustment to reflect the listed firms, and a
pandemic scare. By the way, this massive insurer, long-term investor, and lender has now welcomed all types of investors. It
cannot be clearly aggregated with listed counterparts due to its financial play.

The long wait for LIC's highly anticipated maiden float is finally over. As we all know, the DRHP quickly gained notoriety
after it was filed, and rumours about its pricing, size, valuations, and other details abounded. The conglomerate considered
raising about Rs.68000 cr. with its first major IPO on the basis of those tidbits, with a projected price tag of about Rs.2000
based on its embedded value.

Thanks to the Russia-Ukraine war's impact on global markets, which made them less liquid, and to the slowdown in the
economy brought on by rising inflation. The company is launching its first IPO with a significantly lower valuation and a

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token dilution of about 3.5% now that it is ready with explanation for its issue size and pricing. The government has a
reputation for being investor-friendly, and this time it has the guts to take a risk by making a very lucrative offer to raise
more than Rs. 21,000 crore. Even so, it is the largest IPO in Indian history to date.

"Jindagi Ke Saath Bhi, Jindagi Ke Baad Bhi", "LIC that knows India better" and "Har Pal Aapke Saath" in the true sense.

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