After D-Mart & BSE, Investors Eye Insurance IPOs

Investors witnessed big IPOs in the year 2017, such as BSE and Avenue Supermarts. However, stock market investors are eyeing the new category of insurance sector to enter the IPO market. Despite the insurance sector being as old as the banking sector, insurance companies have witnessed massive expansion in their businesses only in the past ten years.

The Finance Minister, Arun Jaitley, in his Union Budget speech, announced the listing of state-owned insurance companies. Oriental Insurance Company, National Insurance Company, New India Assurance, United India Insurance and General Insurance Corporation of India are some of the big names that the IPO market is waiting for.

Listing of such state-owned insurance companies would help them to reduce dependence on government funds. However, this would increase the accountability of these companies to their investors. The listing of insurance companies will be in the limelight for the year 2017-18.

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About Suhani Varma