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

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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.
Le Merite Exports

    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 Date & Price Band (Final)

     LIC IPO Open: 04 May 2022
     LIC IPO Close: 09 May 2022
     LIC IPO Size: Approx ₹21,008 Crores
     Fresh Issue: Approx – Crores
     Offer for Sale: Approx 221,374,920 Equity Shares
     Face Value: ₹10 Per Equity Share
     LIC IPO Price Band: ₹902 to ₹949 Per Share
     LIC IPO Listing on: BSE & NSE
     Retail Quota: 35%
     QIB Quota: 50%
     NII Quota: 15%
     Discount: ₹60 for Policy Holders
     ₹45 for Retail & Employees
     DRHP Draft Prospectus: Click Here
     RHP Draft Prospectus: Click Here

    LIC IPO Market Lot Size

    The LIC IPO minimum market lot is 15 shares with ₹14,235 application amount. The retail investors can apply up to 14 lots with 210 shares or ₹187,200 amount.

     Minimum Lot Size: Minimum 15 Shares for 1 lot
     Minimum Amount: ₹14,235 for 1 lot
     Maximum Lot Size: Maximum 210 Shares for 14 lot
     Maximum Amount: ₹199,290 for 14 lot

    LIC IPO Application for Policyholders

     Minimum Lot Size: Minimum 15 Shares for 1 lot
     Minimum Amount: ₹13,335 for 1 lot
     Maximum Lot Size: Maximum 210 Shares for 14 lot
     Maximum Amount: ₹186,690 for 14 lot

    LIC IPO Application for Retail & Employees

     Minimum Lot Size: Minimum 15 Shares for 1 lot
     Minimum Amount: ₹13,560 for 1 lot
     Maximum Lot Size: Maximum 210 Shares for 14 lot
     Maximum Amount: ₹189,840 for 14 lot

    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.

     Price Band Announcement: 27 April 2022
     Anchor Investors Allotment: 02 May 2022
     LIC IPO Open Date: 04 May 2022
     LIC IPO Close Date: 09 May 2022
     Basis of Allotment: 12 May 2022
     Refunds: 13 May 2022
     Credit to Demat Account: 16 May 2022
     LIC IPO Listing Date: 17 May 2022

    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.

    LIC Company Financial Report

      ₹ in Crores
    RevenueExpensePAT
    2019₹2645₹2.63₹2627
    2020₹2731₹1.24₹2710
    2021₹2986₹5.22₹2974
    2021 6M
    ₹1520₹0.25₹1504

    LIC IPO Valuation – FY2021

    Check LIC IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

     Earning Per Share (EPS): ₹4.70 per Equity Share
     Price/Earning P/E Ratio: N/A
     Return on Net Worth (RoNW): 45.65%
     Net Asset Value (NAV): 10.30 per Equity Share

    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

    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
    Investor Grievance ID: [email protected]
    Website: www.kfintech.com
    Contact Person: M Murli Krishna
    SEBI Registration Number: INR000000221

    LIC IPO Allotment Status Check

    Check LIC IPO allotment status on KFintech website allotment URL. Click Here

    LIC 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

    Company Address

    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
    Website: www.licindia.in
    IRDAI Registration number: 512

    LIC IPO FAQs

    What is LIC IPO?

    LIC IPO is a main-board IPO. They are going to raise ₹21,008 Crores via IPO. The issue is priced at 902 to 949 per equity share. The IPO is to be listed on BSE & NSE.

    When LIC IPO will open?

    The IPO is to open on 04 May 2022 for QIB, NII, and Retail Investors.

    What is LIC IPO Investors Portion?

    The investors’ portion for QIB-50%, NII-15%, and Retail 35%.

    How to Apply the LIC IPO?

    You can apply LIC IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

    How to Apply the LIC IPO through Zerodha?

    Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “LIC”. Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

    How to Apply the LIC IPO through Upstox?

    Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “LIC”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

    How to Apply the LIC IPO through Paytm Money?

    Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “LIC”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

    What is LIC IPO Size?

    LIC IPO size is ₹21,008 crores.

    What is LIC IPO Price Band?

    LIC IPO Price Band is ₹902 to ₹949.

    What is LIC IPO Minimum and Maximum Lot Size?

    The minimum bid is 15 Shares with ₹14,235 amount while the maximum bid is 210 shares with ₹199,290.

    What is the LIC IPO Allotment Date?

    LIC IPO allotment date is 12 May 2022.

    What is the LIC IPO Listing Date?

    LIC IPO listing date is 17 May 2022. The IPO is to list on BSE and NSE.

    Note: The LIC IPO price band and date will be added as it will be officially announced. The IPO grey market premium (LIC IPO GMP) will be added on the IPO grey market page as it will start)

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