LIC IPO Date 2022, Review, Price, Allotment, Analysis Details

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 ₹21,008 crores via IPO that comprises fresh issue of – and offer for sale up to 221,374,920 equity shares of ₹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 ₹9 Lakh to ₹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. You can check LIC IPO subscription status and LIC IPO allotment status on their respective pages.

LIC IPO Important Details:

• LIC has over 13 lakh agents who generate business and earn commissions.
• LIC is one of the Highly Trusted Insurance Brands in India.
• The company manages around 39 lakh crores of assets, utilizing these funds in the stock market and bonds.
• LIC is the 5th largest global insurer in the World.
• LIC has 2000+ branches, 100+ divisional offices, and 1500+ Satellite Offices.
• Guide: How to Link PAN with LIC Policy
• The LIC owns 4% of all stocks listed in India, They invest funds across stocks and bonds.
• LIC operates globally, in Fiji, Mauritius, Bangladesh, Nepal, Singapore, Sri Lanka, UAE, Bahrain, Qatar, Kuwait, and the United Kingdom.
• The Indian government plans to sell 221.4 million shares (3.5% stake, revised from 5% earlier).
• Around 10% of the equity shares are reserved for LIC policyholders.
• The discount is offered to LIC policy holders and retail investors.

LIC IPO Review (Good or Bad)

• Apply
• Good to Apply for Long Term

Brokerage Firm IPO Review

• GEPL Capital: Apply
• Nirmal Bang: Apply
• Ventura Securities: Apply
• Capital Market: May Apply
• Hem Securities: Apply
• Jainam Broking: Apply
• Reliance Securities: Apply
• Angel Broking: Not Rated
• ICICI Direct: Not Rated
• Geojit Financial Services: Apply
• Choice Broking: Apply
• Samco Securities: Apply
• Swastika Investment: Apply for Long Term

LIC IPO Form

How to apply for the LIC IPO? You can apply for LIC IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the LIC IPO in the Invest section. The other option is you can apply for LIC IPO via IPO forms download via NSE and BSE. Check out the LIC forms – click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.

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

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