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Our CEO, Hemant Majethia remarked in a recent article ‘LIC IPO may open the floodgates for new retail investors in stock market’, published in the Economic Times, that retail demand for recent IPOs has been going through the roof. And unfortunately, the extent of retail oversubscription results in many investors from this category failing to get even a single allotment. This can be very discouraging, especially for novice equity investors.

Do you think retail investors should get first preference of allotment over the institutional investors in the LIC IPO?

If more retail investors got allotment in IPOs, especially in winning corporates like LIC, it would widen the stock market base and give Indian individuals a chance to directly own a stake in a strong Indian brand.
The government has already set a precedent with the LIC IPO by defining a “policyholder category” in the share sale. In a similar spirit, it could do something for retail investors and give the entire equity investing culture in the country a shot in the arm. What better way to sow the seed of equity investment among the retail community than with a company like LIC!

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