Life Insurance Corporation IPO Date, Review, Price Bands, Market Lot, LIC IPO Important Dates, Market Lot, Listing Date & Time Details
Life Insurance Corporation IPO is going to be the biggest IPOs ever launched in India. LIC IPO DRHP filed for a full offer for sale and no fresh issue. The government to sell about 3.5% stake via mega IPO.
LIC IPO is a main-board IPO of 221,374,920 equity shares of the face value of ₹10. The issue is priced at Rs.902 to Rs.949 per equity share. The minimum order quantity is 15 shares. The IPO opens on 4th May 2022 and closes on 9th May 2022.
Kfin Technologies Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE. Half of the offer is reserved for qualified institutional buyers (including anchor investors), 15 percent for non-institutional investors, and the remaining 35 percent for retail investors.
Kotak Mahindra Capital Company, Axis Capital, BofA Securities India Ltd, Citigroup Global Markets India Pvt Ltd, Goldman Sachs (India) Securities Pvt Ltd, J M Financial Ltd, J P Morgan India, Nomura Financial Advisory and Securities ( India), SBI Capital Markets Ltd, and ICICI Securities are the book running lead managers to the issue.
About Life Insurance Corporation
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.
LIC is the largest insurance provider company in India. It has a market share of above 66.2% in new business premium. The company offers participating insurance products and non-participating products like 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 lakh crore. LIC operates through 2048 branches, 113 divisional offices, and 1,554 Satellite Offices. It operates globally in Fiji, Mauritius, Bangladesh, Nepal, Singapore, Sri Lanka, UAE, Bahrain, Qatar, Kuwait, and the United Kingdom.
LIC IPO Details:
| Issuer | Life Insurance Corporation Of India | |
| Issue Type | Book Built Issue IPO | |
| Issue Type | Book Built Issue IPO | |
| Issue Period | Issue Opens: 04 May, 2022 | |
| Issue Closes: 09 May, 2022 | ||
| Price Brand | ₹902 to ₹949 Per Share | |
| Issue Size | Approx ₹21,008 Crores | |
| Face Value | Rs.10 per Equity Share | |
| Market Lot | 15 Shares | |
| Maximum Bid amount for Retail | ₹199,290 | |
| QIB | 50% of the issue size | |
| NIB | 15% of the issue size | |
| Retail Individual Bidders | 35% of the issue size | |
| Employee Discount | ₹45 per share | |
| Retailers Discount | ₹45 per share | |
| Listing at | NSE & BSE | |
| Apply With | Upstox Free DEMAT Account | |
| Equity | 221,374,290 Shares | |
| Grey Market Price | LIC IPO GMP | |
| UPCOMING IPO | UPCOMING DIVIDEND |
| UPCOMING BUYBACK | Latest IPO Subscription Status |
| Latest IPO Grey Market Premium | ? Best Stocks for 2022 |
LIST OF UPCOMING IPO 2022
LIC IPO Dates & Price Band
| IPO Open: | 04 May 2022 |
| IPO Close: | 09 May 2022 |
| IPO Size: | Approx ₹21,008 Crores |
| Face Value: | ₹10 Per Equity Share |
| Price Band: | ₹902 to ₹949 |
| Listing on: | BSE & NSE |
| Retail Portion: | 35% |
| Total IPO size | Equity Shares |
LIC IPO Market Lot:
| Lot Size: | Minimum 15 Shares & Maximum 210 Shares |
| Minimum Amount: | ₹14,235 |
| Maximum Amount: | ₹199,290 |
LIC IPO Allotment & Listing Dates:
| Basis of Allotment: | 12 May 2022 |
| Refunds: | 13 May 2022 |
| Credit to Demat Account: | 16 May 2022 |
| Listing Date: | 17 May 2022 |
Company Promoters:
- The President of India, acting through the Ministry of Finance, Government of India is the company promoter.
LIC Company Financials
| Particulars | For the year/period ended (₹ in million) | ||||
|---|---|---|---|---|---|
| 30-Sep-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | ||
| Total Assets | 40,434,596.70 | 37,464,044.68 | 34,141,745.74 | 33,663,346.17 | |
| Total Revenue | 15,197.24 | 29,855.71 | 27,309.56 | 26,449.96 | |
| Profit After Tax | 15,040.13 | 29,741.39 | 27,104.78 | 26,273.78 | |
Objects of the Issue:
The IPO aims to utilize the net proceed for the following objectives;
- To achieve the benefits of listing the equity shares on the stock exchange.
- To carry out an offer for sale of 316,249,885 shares by selling shareholders.
Competitive strengths
- Leading insurance provider company in India and fifth largest global insurer by GWP.
- A range of life insurance products to meet varied insurance needs of individuals.
- Strong omnichannel distribution network; 1.34 million agents, 3463 active Micro insurance agents, 174 alternate channels, etc.
- Largest asset manager in India with an established financial performance track record.
- Highly experienced and qualified management team.
How to Apply for LIC IPO?
If you have a Demat account, most banks offer online IPO applications. You can also contact the broker to apply for LIC IPO? Most banks including the SBI bank, ICICI Bank, Axis, and Kotak bank allow the customer to apply for an IPO using the Demat account.
- How to Apply LIC IPO Through ASBA?
- How to Apply LIC IPO through Zerodha?
- How to ApplyLIC IPO through SBI Net Banking?
- How to Apply LIC IPO through HDFC Netbanking?
- ➡️How To Apply LICs IPO in Axis Bank Net banking?
- ➡️How To Apply LIC IPO in Kotak Bank Net banking?
- ➡️How To Apply LIC IPO With Angel Broking?
Check LIC IPO Allotment Here:
Note: LIC IPO Allotment Status will be available whenever the Registrar of IPO will put on their official sites.
# Option 1: BSE Website:
- Go to BSE Website
- Check box “Equity”
- Select IPO Name “LIC”
- Type Your Application Number
- Type Your Pan Number
# Option 2: KFin Website:
- Go to Kfin Website
- Select IPO Name “LIC”
- Select Option from PAN Number, Application Number, or Demat Account Number
- As per selection add PAN Number, Application Number, or Demat Account Number
# Option 3: in Your Demat Account:
- Call Your Broker or Login to Your Demat Account / Trading Account
- Check the stock is credited to your account or not
# Option 4: in Your Bank Account:
- Login to your Bank Account
- Check the amount is debited or released
How to Sell LIC IPO Shares on Listing Day?
LIC IPO Listing Day Kya kre?
LIC IPO Lead Managers
| Lead Managers |
|
LIC IPO Registrar to Offer
| LIC IPO Registrar |
| KFin Technologies Private Limited Selenium Tower B, Plot 31 & 32, Gachibowli Financial Dist, Serilingampally 500 032 Hyderabad, India Phone: +91-40-6716 2222 Email: lic.ipo@kfintech.com Website: https://karisma.kfintech.co.in/ |
| Company Contact Info: |
|---|
| Life Insurance Corporation of India Yogakshema, Jeevan Bima Marg Nariman Point, Mumbai 400 021,Phone: +91 22 6659 8732 Email: Investors@licindia.com Website: http://www.licindia.in/ |
| What is IPO? | आईपीओ क्या हैं? आईपीओ का फुल फॉर्म क्या है? |
| Upcoming IPO in India 2022 | How to Invest in Share Market? |
| Best Stock Trading Apps 2022 | What are NIFTY and SENSEX? |
| Grey Market Premium of IPO | Intraday Trading Basics |
Final Words
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