LIC IPO Details, Life Insurance Corporation of India IPO
Company All Details
Founded
1956
Managing Director
Managing Director of The Company, M R Kumar.
Company Promoters:
Promoters of the Company, THE PRESIDENT OF INDIA, ACTING THROUGH THE MINISTRY OF FINANCE, GOVERNMENT OF INDIA.
About the company.
The Corporation was established as ‘Life Insurance Corporation of India’ on September 1, 1956 under the Life Insurance Corporation Act, 1956. IRDAI REGISTRATION NUMBER:512
Life Insurance corporation has been providing life insurance in India for more than 65 years and is the largest life insurer in India, with a 64.1% market share in terms of premiums (or GWP), a 66.2% market share in terms of New Business Premium (or NBP), a 74.6% market share in terms of number of individual policies issued, a 81.1% market share in terms of number of group policies issued for Fiscal 2021, as well as by the number of individual agents, which comprised 55% of all individual agents in India as at March 31, 2021. It had the highest gap in market share by life insurance GWP relative to the second-largest life insurer in India as compared to the market leaders in the top seven markets globally. According to CRISIL, this is owing to the enormous agent network, strong track record, immense trust in the brand ‘LIC’ and its 65 years of lineage. Read Less
Objects Of The Offer:
- To achieve the benefits of listing the equity shares on the stock exchange.; and
- To carry out an offer for sale of 316,249,885 shares by selling shareholders.
Life Insurance Corporation of India IPO Details:
Issue Amount : Upto Rs 21,000 Cr
Total shares on offer : Upto #316,249,885 Equity Shares
Face Value : ₹10 per share
Price Band : ₹902 to ₹949
Lot Size : 15 shares
IPO Registrar : KFin Technologies Private Limited.
Life Insurance Corporation of India IPO Timeline, IPO Open Date, Listing Date, Refund Date
| IPO Open Date | 04 May 2022 |
| IPO Close Date | 09 May 2022 |
| Time | 10 AM to 5 PM |
| Basis of Allotment Date | 12 May 2022 |
| Initiation of Refunds | 13 May 2022 |
| Credit of Shares to Demat Account | 14 May 2022 |
| IPO Listing Date (Trading commence) NSE & BSE | 17 May 2022 |
Offer Breakup
| Category | Allocation |
|---|---|
| Qualify Institutional Bidders (QIB) | 50% |
| Non Institutional Byers (NIB) | 15% |
| Retail Individual Investor (RII) | 35% |
| LIC Policy Holder Discount | – |
LIC IPO Effective Price by Category
Investor Category Effective Price
- QIBs Rs 949
- HNIs Rs 949
- Retail Rs 904 (Rs 45 discount)
- Policyholders Rs 889 (Rs 60 discount)
LIC IPO Multiple Application
A LIC policyholder can apply for LIC IPO shares using 2 IPO applications in the following categories:
- Policyholder + Retail Category
- Policyholder + HNI (NII) Category
Important Financial Data:
For the year/period ended (₹ in Crore) Last Three Year
| Particulars (in ₹ Crore) | As at March 31, 2021 | As at March 31, 2020 | As at March 31, 2019 |
|---|---|---|---|
| Total Assets | 37,46,404 | 34,14,174 | 33,66,334 |
| Total Revenue | 2,986 | 2,731 | 2,645 |
| Net Profit & Loss for the period | 2,974 | 2,710 | 2,627 |
Prospectus Document:
Download RHP File
Download DRHP File
What is Life Insurance Corporation of India IPO?
Issue Amount : Upto Rs 21,000 Cr.
What is LIC IPO?
LIC IPO is a main-board IPO. They are going to raise ₹21,000 Crores via IPO. The issue is priced at ₹902 to ₹949 per equity share. The IPO is to be listed on BSE & NSE.
Life Insurance Corporation of India IPO Open?
04 May 2022 to 09 May 2022.
When Life Insurance Corporation of India IPO Will open?
The IPO is to open on 04 May 2022 for QIB, NII, and Retail Investors.
Registered Office
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: Investors@licindia.com;
Website: www.licindia.in
IRDAI Registration number: 512
LIC IPO REGISTRAR
KFin Technologies 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: lic.ipo@kfintech.com
Investor Grievance ID:
einward.ris@kfintech.com
Website: www.kfintech.com
Contact Person: M Murli Krishna
SEBI Registration Number: INR000000221
How to apply on Zerodha, LIC IPO through Zerodha?
Zerodha customers can apply online in Tarsons Products IPO using UPI as a payment gateway. Zerodha customers can apply in Life Insurance Corporation of India IPO by login into Zerodha Console (back office) and Select an I.P.O application form.
Steps to apply in Life Insurance Corporation of India IPO through Zerodha.
1. Visit the Zerodha website or Kite App and login to Zerodha.
2. Go to Console area and click the IPOs link.
3. Go to the ‘Life Insurance Corporation of India IPO’ row and click the ‘Bid’ button.
4. Enter your UPI ID, Quantity, and Price.
5. ‘Submit’ IPO application form.
6. After Successfully submitting application, Visit the UPI App and approve the mandate (Enter your UPI pin & pay the ipo amount)
7. IPO application is complete you can chek status on zerodha console.
Click Here to Open Free Zerodha Account
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