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Life Insurance Corporation of India IPO (LIC IPO)
Mainboard₹14,235* / 15 Shares
Life Insurance Corporation of India IPO (LIC IPO) IPO Details
The Life Insurance Corporation of India IPO (LIC IPO) IPO price band is set between ₹902-949 per equity sharePolicy Holder Discount : ₹60 Per ShareRetail & EMP Discount : ₹45 Per Share, with a face value of ₹10 per share. The issue is managed by KFintech Private Limited, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 4 May, 2022 and closes on 9 May, 2022. Investors can check the allotment status on 12 May, 2022, while the listing date is tentatively scheduled for 17 May, 2022.
The total issue size is Offer for Sale : 221,374,920 Eq Shares of ₹10, aggregating up to Approx ₹21,008.48 Cr. Stay tuned for the latest Life Insurance Corporation of India IPO (LIC IPO) IPO review and GMP updates.
Life Insurance Corporation of India IPO (LIC IPO) IPO Review, Rating & Analysis
Life Insurance Corporation of India IPO (LIC IPO) IPO Review
NO REVIEWLife Insurance Corporation of India IPO (LIC IPO) IPO Rating
Life Insurance Corporation of India IPO (LIC IPO) IPO Highlights
IPO Date
May 4, 2022 - May 9, 2022
Listing Date
17 May, 2022
Face Value
₹10 Per Equity Share
Price Band
₹902-949 per equity sharePolicy Holder Discount : ₹60 Per ShareRetail & EMP Discount : ₹45 Per Share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE, NSE
Life Insurance Corporation of India IPO (LIC IPO) IPO Lot Size
The minimum market lot for Life Insurance Corporation of India IPO (LIC IPO) IPO is 15 shares with an application amount of ₹675. Retail investors can apply for up to 296 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 15 | ₹675 |
| Retail (Max) | 296 | 4440 | ₹1,99,800 |
| S-HNI (Min) | 297 | 4455 | ₹2,00,475 |
| S-HNI (Max) | 1481 | 22215 | ₹9,99,675 |
| B-HNI (Min) | 1482 | 22230 | ₹10,00,350 |
Life Insurance Corporation of India IPO (LIC IPO) IPO Timeline
Issue Price
₹902-949 per equity sharePolicy Holder Discount : ₹60 Per ShareRetail & EMP Discount : ₹45 Per ShareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
KFintech Private LimitedLead Manager
Axis Capital Limited,BofA Securities India Limited,Citigroup Global Markets India Private Limited,Goldman Sachs (India) Securities Private Limited,ICICI Securities Limited,J.P. Morgan India Private Limited,JM Financial Consultants Private Limited,Kotak Mahindra Capital Company Limited,Nomura Financial Advisory And Securities (India) Pvt Ltd,SBI Capital Markets LimitedIssue Size
Offer for Sale : 221,374,920 Eq Shares of ₹10(aggregating up to Approx ₹21,008.48 Cr)Life Insurance Corporation of India IPO (LIC IPO) IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30 Sep 21 | 4043459.67 | 1519.72 | 1504.01 | - | - | - |
| 31 Mar 21 | 3746404.46 | 2985.57 | 2974.13 | - | - | - |
| 31 Mar 20 | 3414174.57 | 2730.95 | 2710.47 | - | - | - |
| 31 Mar 19 | 3366334.61 | 2644.99 | 2627.37 | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- The President of India, acting through the Ministry of Finance, Government of India
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 100% | 96.50% |
About Company
LIC is India's only government-owned insurance provider company. It is the largest company in the Indian insurance space with a market share of above 64.1% in terms of premiums and 66.2% market share in terms of New Business Premium. The company offers participating insurance products and non-participating products i.e. unit linked insurance products, saving insurance products, term insurance products, health insurance, and annuity & pension products.
As of 30 Sep, 2021, it has a total AUM of Rs. 39,558,929.24 million. The company has 8 Zonal offices in Delhi, Mumbai, Kolkata, Chennai, Kanpur, Patna, Bhopal, and Hyderabad. As of 30 Sep 2021, the firm operates through 2048 branches, 113 divisional offices, and 1,554 Satelite offices.. It operates globally in Fiji, Mauritius, Bangaldesh, Nepal, Singapore, Sri Lanka, UAE, Bahrain, Qatar, Kuwait, and the United Kingdom. As of March 31, 2021, it has the largest agent network of 1.35 million life insurance agents.
Life Insurance Corporation of India IPO (LIC IPO) IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|
Frequently Asked Questions about Life Insurance Corporation of India IPO (LIC IPO) IPO
When will Life Insurance Corporation of India IPO (LIC IPO) IPO open for subscription?
The Life Insurance Corporation of India IPO (LIC IPO) IPO opens on 4 May, 2022 and closes on 9 May, 2022.
What is the investors portion for Life Insurance Corporation of India IPO (LIC IPO) IPO?
The investors' portion for QIB is , NII is N/A, and Retail is .
How to apply for Life Insurance Corporation of India IPO (LIC IPO) IPO?
You can apply for Life Insurance Corporation of India IPO (LIC IPO) IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Life Insurance Corporation of India IPO (LIC IPO) IPO?
The issue size of Life Insurance Corporation of India IPO (LIC IPO) IPO is approx ₹Offer for Sale : 221,374,920 Eq Shares of ₹10(aggregating up to Approx ₹21,008.48 Cr) crores.
What is the price band of Life Insurance Corporation of India IPO (LIC IPO) IPO?
The price band for Life Insurance Corporation of India IPO (LIC IPO) IPO is ₹902 to ₹949 per equity sharePolicy Holder Discount : ₹60 Per ShareRetail & EMP Discount : ₹45 Per Share.
What is the lot size of Life Insurance Corporation of India IPO (LIC IPO) IPO?
The minimum bid (lot size) for Life Insurance Corporation of India IPO (LIC IPO) IPO is N/A shares with an investment of approx ₹14,235* .
What is the allotment date of Life Insurance Corporation of India IPO (LIC IPO) IPO?
The allotment date for Life Insurance Corporation of India IPO (LIC IPO) IPO is 12 May, 2022.
What is the listing date of Life Insurance Corporation of India IPO (LIC IPO) IPO?
The listing date for Life Insurance Corporation of India IPO (LIC IPO) IPO is expected to be 17 May, 2022.
What is the GMP of Life Insurance Corporation of India IPO (LIC IPO) IPO?
The latest Grey Market Premium (GMP) for Life Insurance Corporation of India IPO (LIC IPO) IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.