Life Insurance Corporation of India (LIC) IPO

 

Life Insurance Corporation of India (LIC) Logo

 

LIC IPO Details, Financials, Subscription Status, GMP & More.

Life Insurance Corporation of India (LIC) IPO: LIC was Incorporated in 1956, this IPO will break into the market as per the market consideration. LIC is the biggest and Leading insurance provider company in India. It has high trust in the public for life insurance and investment both. LIC IPO is going to be one of the greatest IPOs ever launched in India. The government to sell their 5% stake via mega IPO. LIC is controlling around 72% of the market and above 66.2% share in total premium collection.

LIC provides both Insurance as well as investment services like Life insurance, Health insurance, Investment management, and Mutual fund. They have around 2000+ branches in India with 8 zonal offices situated in Kolkata, Bhopal, Delhi, Kanpur, Mumbai, Hyderabad, Patna, and Chennai.

You can even check more IPO’s latest news from this portal. Our mission is to keep you up to date on upcoming ipo information.

LIC IPO Date & Price Band (Tentative)

IPO Opening Date May 4, 2022
IPO Closing Date May 9, 2022
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹902 to ₹949 per equity share
Market Lot 15 Shares
Min Order Quantity 15 Shares
Listing At BSE, NSE
Issue Size 221,374,920 Eq Shares of ₹10
(aggregating up to ₹21,008.48 Cr)
Offer for Sale 221,374,920 Eq Shares of ₹10
(aggregating up to ₹[.] Cr)
Retail Discount Rs 45 per share
Employee Discount Rs 45 per share
QIB Shares Offered Not more than 50% of the Net Offer
Retail Shares Offered Not less than 35% of the Net Offer
NII (HNI) Shares Offered Not less than 15% of the Net Offer

Life Insurance Corporation of India (LIC) IPO Prospectus

This information shows all information about IPO. You can check more detailed information like promoter names of LIC and more information about the company address from this page itself. 

LIC IPO Tentative Timetable

The LIC IPO date is from May 4, 2022, to May 9, 2022. The bidding time is 10.00 A.M. to 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

IPO Opening Date May 4, 2022
IPO Closing Date May 9, 2022
Basis of Allotment May 12, 2022
Initiation of Refunds May 13, 2022
The credit of Shares to Demat May 16, 2022
IPO Listing Date May 17, 2022

LIC IPO Market Lot Size

Application Lots Shares Amount (Cut-off)
Minimum 1 15 ₹14,235
Maximum 14 210 ₹199,290
 

Life Insurance Corporation of India (LIC) IPO Financial Reports

Summary of financial Information (Restated Consolidated)
  Year/Period (₹ in Millions)
  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

With the help of the above information, you can figure out company performance over the last few years. You can identify if the company is making profits or losses.

LIC IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding 96.50%

This table is essential as it provides you the complete information about the upcoming IPO’s lot size, several shares, and the minimum amount required to apply for an IPO.

Company Promoters

The President of India, acting through the Ministry of Finance, Government of India is the company promoter.

Company Promoters play a vital role in any company’s success. That’s you need a clear idea about the promoters behind the company. You can even check the names given below for a better idea.

Life Insurance Corporation of India (LIC) IPO Registrar & Contact Information

LIC IPO Registrar:

KFin Technologies Private Limited
Selenium, Tower B, Plot No- 31 and 32
Gachibowli, Financial District
Nanakramguda, Serilingampally
Hyderabad 500 032, Telangana, India
Tel: +91 40 6716 2222
E-mail: [email protected]
Investor Grievance ID: [email protected]
Website: www.kfintech.com
Contact Person: M Murli Krishna
SEBI Registration Number: INR000000221

You can also check the company contact information given below, with the help of this information you can communicate with the company easily.

Company Contact Information :

Life Insurance Corporation of India
Central office: Yogakshema, Jeevan Bima Marg,
Nariman Point, Mumbai 400 021,
Maharashtra, India
Contact Person: Pawan Agrawal
Company Secretary and Compliance Officer
Tel: +91 22 6659 8732
E-mail: [email protected]
Website: www.licindia.in
IRDAI Registration number: 512

This is the complete information about the LIC IPO. If you have any queries/questions regarding any information provided above then feel free to contact us anytime or leave a comment below.

LIC IPO Subscription Status (Live Update – Day 5)

Category Day 3 Day 4 Day 5
QIB 0.55 0.67 1.07
NII 0.68 1.05 1.30
RII 0.19 1.39 1.65
EMP 2.96 3.46 3.88
Policyholder 3.88 4.50 5.19
Total 1.33 1.60 1.95

Life Insurance Corporation of India (LIC) IPO Subscription Status will be updated in the table regularly. Keep visiting this page to get daily latest IPO subscription updates. If this table is not updated then you can request the updates by commenting below. (Updated Frequently)

Life Insurance Corporation of India (LIC) IPO GMP (Grey Market Premium)

We are here to provide you with detailed information about the current GMP OF IPO from this page itself. Just be with us and request updates about the IPO Grey Market Premium.

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