LIC IPO date is fixed, the IPO is to hit the market on May 04, 2022 and will close on May 09, 2022. LIC IPO is going to be one of the biggest IPOs ever launched in India. LIC IPO DRHP filed for a full offer for sale, with no Fresh Issue. The government to sell a 3.5% stake via mega IPO. LIC IPO to raise around Rs.21,008 crores via IPO that comprises fresh issue of - and offer for sale up to 221,374,920 equity shares of Rs.10 each. The retail quota is 35% while QIB is 50% and HNI is 15%.
The LIC IPO will be one of the biggest IPOs in the Indian Market. The IPO is to list on NSE and BSE. The IPO is a part of the disinvestment of the Government stack in the company. It will a great opportunity for retail investors and employees to invest in the company for the longer-term and short term. As per the speculations, the LIC Policy Holders will get the quota to apply for the LIC IPO.
Life Insurance Corporation is controlling around 72% of the market and around 66% share of the total premium collection. The valuation of the company stayed around Rs.9 Lakh to Rs.10 Lakh crore. The company was founded way back in 1956. It's a merger of 245 insurance companies. The company had a monopoly in life insurance till the 1990s, after that the government gives a chance to the private sector in life insurance. They have around 2000+ branches in India with 8 zonal offices situated in Delhi, Chennai, Mumbai, Bhopal, Hyderabad, Patna, Kanpur, and Kolkata. They have 100+ divisional offices, 1100+ mini offices, and 1500+ satellite offices.
LIC IPO Date, Size & Price Band
| LIC IPO Date | 4 – 9 May 2022 |
| IPO Price Band | INR902 – 949 per share Discount – INR40 per share for retail investors & employees Discount – INR60 per share for policyholders |
| Fresh issue | NIL |
| Offer For Sale | 221,374,920 shares (INR19,552.15 – 20,592.61 crore) |
| Total IPO size | 221,374,920 shares (INR19,552.15 – 20,592.61 crore) |
| Minimum bid (lot size) | 15 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
LIC IPO Market Lot Size
The LIC IPO minimum market lot is 15 shares with Rs.14,235 application amount. The retail investors can apply up to 14 lots with 210 shares or Rs.187,200 amount.
LIC IPO Allotment & Listing Dates
The LIC IPO date is 04 May 2022 and the close date is 09 May 2022. The LIC IPO allotment will be finalized on 12 May 2022 and the IPO listing on 17 May 2022.
LIC Company Financial Report
| Rs. in Crores | |||||
| Revenue | Expense | PAT | |||
| 2019 | Rs.2645 | Rs.2.63 | Rs.2627 | ||
| 2020 | Rs.2731 | Rs.1.24 | Rs.2710 | ||
| 2021 | Rs.2986 | Rs.5.22 | Rs.2974 | ||
| 2021 6M | Rs.1520 | Rs.0.25 | Rs.1504 | ||
Peer Group
- SBI Life Insurance Company
- HDFC Life Insurance Company
- ICICI Prudential Life Insurance Company
Company Promoters
- The President of India, Acting Through The Ministry Of Finance, Government of India
LIC IPO Registrar
LIC IPO Allotment Status Check
Check LIC IPO allotment status on KFintech website allotment URL. Click HereLIC IPO Lead Managers
- Kotak Mahindra Capital Company Limited
- Axis Capital Limited
- BofA Securities India Limited
- Citigroup Global Markets India Private Limited
- Goldman Sachs (India) Securities Private Limited
- ICICI Securities Limited
- JM Financial Limited
- J.P. Morgan India Private Limited
- Nomura Financial Advisory and Securities (India) Private Limited
- SBI Capital Markets Limited
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