LIC IPO Details:
Contents
- 1 When Is LIC IPO Launching?
- 2 LIC IPO Date & Price Band Details:
- 3 LIC IPO Timetable
- 4 LIC IPO Lot Size
- 5 LIC IPO Share Price
- 6 LIC IPO Promoter Holding
- 7 LIC Board of Directors
- 8 LIC IPO Company Financials
- 9 About LIC
- 10 Company Contact Information
- 11 LIC IPO GMP (Gray Market Price) Today
- 12 How to Apply for LIC IPO?
- 13 LIC IPO Review:
When Is LIC IPO Launching?
LIC IPO will open on May 4 and close on May 9. The issue will open for anchor investors on May 2.
LIC IPO Date & Price Band Details:
| IPO Open: | 04 May 2022 |
| IPO Close: | 09 May 2022 |
| 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 |
| Price Band: | ₹902 to ₹949 Per Share |
| Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | ₹60 for Policy Holders & ₹40 for Retail & Employees |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
LIC IPO Timetable
The LIC IPO date is from May 4, 2022, to May 9, 2022. The bidding time is 10.00 A.M. to 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the following day of issue shutting day.
| IPO Opening Date | May 4, 2022 |
| IPO Closing Date | May 9, 2022 |
| Basis of Allotment | May 12, 2022 |
| Initiation of Refunds | May 13, 2022 |
| Credit of Shares to Demat | May 16, 2022 |
| IPO Listing Date | May 17, 2022 |
LIC IPO Lot Size
The LIC IPO market lot size is 15 shares. A retail-individual investor can apply for up to 14 lots (210 shares or ₹199,290).
| Application | Lots | Shares | Amount (Cut-off) |
| Minimum | 1 | 15 | ₹14,235 |
| Maximum | 14 | 210 | ₹199,290 |
The LIC IPO price is ₹902 to ₹949 per equity share making it one of the most costly Dalal Street issues as of late. The company said its earnings per share (EPS) remained at Rs 4.70 per share in FY21. A discount of Rs 45 is offered to Retail Investors and Rs 60 to LIC Policyholders.
The viable price for LIC IPO shares at the upper price band will be Rs 949 for QIB and NII, Rs 904 for retail, and Rs 889 for Policyholders.
LIC policyholders can apply under this standard provided that:
- The policy is issued on/before 13 Feb 2022
- The PAN is linked to LIC Policy
LIC IPO Promoter Holding
The President of India, acting through the Ministry of Finance, Government of India is the company promoter.
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 96.50% |
LIC Board of Directors
| S.No | Name | Designation |
| 1 | Shri. Mangalam Ramasubramanian Kumar | Chairperson |
| 2 | Shri. Pankaj Jain | Government Nominee Director |
| 3 | Shri. Raj Kumar | Managing Director |
| 4 | Shri. Siddhartha Mohanty | Managing Director |
| 5 | Smt. Ipe Mini | Managing Director |
| 6 | Shri. Bishnu Charan Patnaik | Managing Director |
| 7 | Shri. Dr. Ranjan Sharma | Independent Director |
| 8 | Shri. Vinod Kumar Verma | Independent Director |
| 9 | Prof. Anil Kumar | Independent Director |
| 10 | Smt. Anjuly Chib Duggal | Independent Director |
| 11 | Shri. Gurumoorthy Mahalingam | Independent Director |
| 12 | Shri. Raj Kamal | Independent Director |
| 13 | Shri. Vankipuram Srinivasa Parthasarathy | Independent Director |
| 14 | Shri. Vijay Kumar Muthu Raju Paravasa Raju | Independent Director |
| 15 | Shri. Sanjeev Nautiyal | Independent Director |
LIC IPO Company Financials
| Summary of financial Information (Restated Consolidated) | |||||
| Particulars | For the year/period ended (₹ in Millions) | ||||
| 31-Dec-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | ||
| Total Assets | 40,907,867.78 | 37,464,044.68 | 34,141,745.74 | 33,663,346.17 | |
| Profit After Tax | 17,153.12 | 29,741.39 | 27,104.78 | 26,273.78 | |
About LIC
LIC is the biggest insurance provider company in India. It has a market share of above 66.2% in new business premium. The company offers participating insurance products and non-participating products like unit-linked insurance products, saving insurance products, term insurance products, health insurance, and annuity and pension products.
Starting around 30 Sep 2021, it has a complete AUM of Rs. 39 lakh crore. LIC operates through 2048 branches, 113 divisional offices, and 1,554 Satellite Offices. It operates worldwide in Fiji, Mauritius, Bangladesh, Nepal, Singapore, Sri Lanka, UAE, Bahrain, Qatar, Kuwait, and the United Kingdom.
Key positive factors
- LIC is a section insurance and part investment products company. Their plans are a mix of insurance and investment with a guaranteed return.
- LIC has over 13.5 lakh agents who play brings a greater part in the new business. LIC plans offer ‘fixed returns’ alongside disaster protection coverage. This makes it simple to sell by agents and carries genuine serenity to the guarantors.
- LIC has high confidence in the public for both life coverage as well as investment done with them. LIC is synonymous with insurance in India.
- LIC oversee asset of Rs 39 lakh crores. That is more money than the whole mutual fund industry consolidated. They invest these funds across stocks and bonds. They own 4% of all recorded stocks in India and more government bonds than the RBI.
- Driving insurance provider company in India and fifth-biggest worldwide backup plan by GWP.
- A scope of disaster protection products to meet changed insurance necessities of people.
Key challenges
- LIC has poor new policy development as they keep losing market share to private insurance players, particularly in urban regions.
- The edge in insurance + investment products is low.
- It’s truly challenging to esteem LIC as the plan of action is not normal for some other companies. LIC gathers money forthright and then vows to remunerate policyholders at a later stage. The premiums they gather (part insurance and part investment) can’t be perceived as revenue.
Company Contact Information
Life Insurance Corporation of India (LIC)
Yogakshema, Jeevan Bima Marg
Nariman Point, Mumbai 400 021,
Phone: +91 22 6659 8732
Email: Investors@licindia.com
Website: http://www.licindia.in/
LIC IPO GMP (Gray Market Price) Today
As per the ongoing LIC IPO GMP, the price is fluctuating, with the ongoing price of 25 for every share being the ongoing price. The GMP price for the LIC’s most memorable public offering (IPO) is around 2.5 times the share price that LIC would issue for conventional investors.
And if experts are to be believed the premium shall further as the IPO date shall approach. The insurance behemoth shall launch its IPO on May 4 in the price band of Rs. 902-949.
How to Apply for LIC IPO?
The most effective method to apply for LIC IPO
You can apply for the LIC IPO in these ways:
UPI
You can invest in LIC IPO shares after you link your bank account to the decision of UPI.
When you register your UPI account with Angel One and meet every one of the accompanying customs, you can book LIC shares.
Then, at that point, start the transaction utilizing your ID and affirm installment on the UPI application to block the allotment amount.
Demat Account
First-time investors can open a DEMAT account at the Angel One portal free of charge. Subsequent to getting login credentials, they can start their investment venture.
For HNI Investors
You can likewise apply for LIC IPO as an HNI Investor, where investors should apply for multiple lakhs and at least 15% of the public offerings are saved under it.
LIC IPO Review:
No need to review LIC IPO just apply the max you can.
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