Categories: IPO

LIC IPO Details, Life Insurance Corporation of India IPO

LIC IPO Details, Life Insurance Corporation of India IPO

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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:

  1. To achieve the benefits of listing the equity shares on the stock exchange.; and
  2. 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 Date04 May 2022
IPO Close Date09 May 2022
Time10 AM to 5 PM
Basis of Allotment Date12 May 2022
Initiation of Refunds13 May 2022
Credit of Shares to Demat Account14 May 2022
IPO Listing Date (Trading
commence) NSE & BSE
17 May 2022
IPO Timeline, IPO Open Date, Listing Date, Refund Date

Offer Breakup

CategoryAllocation
Qualify Institutional Bidders (QIB)50%
Non Institutional Byers (NIB)15%
Retail Individual Investor (RII)35%
LIC Policy Holder Discount
Offer Breakup

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, 2021As at March 31, 2020As at March 31, 2019
Total Assets37,46,40434,14,17433,66,334
Total Revenue2,9862,7312,645
Net Profit & Loss
for the period
2,9742,7102,627
Important Financial Data:

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

LIC IPO Details

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

LIC FaQs

Life Insurance Corporation (LIC) on Wednesday said it will launch its initial public offer (IPO) on May 4, Wednesday. The issue will close on May 9, Monday. The state-owned insurer said the government will be selling shares in the price band of Rs 902-949
LIC IPO price band fixed at Rs 902-949, issue size Rs 21,000 crore.
Initial public offerings (IPOs) by LIC are expected to be among the largest in India. LIC IPO GMP filed for a complete offering for sale without Fresh Issue. A mammoth initial public offering (IPO) is being planned for the Government to sell 5 percent of the company.
15 shares
How to subscribe to LIC IPO 1 open demat account (https://zerodha.com/open-account?c=XQ6973) 2. open zerodha kite aap on mobile and go to ipo section. 3. apply the ipo choose lic ipo
15 share lot
open demat account and apply ipo click here to open demat ac https://bv7np.app.goo.gl/a6rP
no, lic give discount on ipo price
4 May to 9 May 2022
Bid Price- 902 to 949. Lot Size- 15 share 1 lot price- 14235
THE PRESIDENT OF INDIA, ACTING THROUGH THE MINISTRY OF FINANCE, GOVERNMENT OF INDIA.
Managing Director of The LIC, M R Kumar.
Start Date 4th May'2022 to 9th May 2022
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.
Start Date 4th May'2022 to 9th May 2022
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Yes

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