Life Insurance Corporation of India IPO Review
Life Insurance Corporation of India IPO Overview
LIC is India’s largest life insurer, with a 64.1 percent market share in terms of Gross Written Premium (GWP), a 66.2 percent market share in terms of New Business Premium (NBP), a 74.6 percent market share in terms of number of specific policies issued, an 81.1 percent market share in terms of number of group policies issued for Fiscal 2021, and a total of 1.35 million individual agents, accounting for 55 percent of all individual agents in the country.
As of September 30, 2021, the company was the largest asset manager in India, with a standalone AUM (comprising policyholders’ investment, shareholders’ investment, and assets held to cover linked liabilities) of INR39,558,929.24 million, which was more than 3.3 times the total AUM of all private life insurers in India and approximately 16.2 times the Assets under management of the second-largest participant in the Indian life insurance industry in terms of Assets under management.
According to Brand Finance’s “Insurance 100 2021 study,” the company’s brand, LIC, was recognized as the third strongest and tenth most valuable worldwide insurance brand. Its individual product portfolio in India consisted of 32 individual goods (17 participating products and 15 non-participating products) and seven individual riders as of September 30, 2021.
Life Insurance Corporation of India IPO Details
IPO Opening Date | May 4, 2022 |
IPO Closing Date | May 9, 2022 |
Issue Type | Book Built Issue IPO |
Face Value | ₹10 per equity share |
IPO Price | ₹902 to ₹949 per equity share |
Market Lot | 15 Shares |
Min Order Quantity | 15 Shares |
Listing At | BSE, NSE |
Issue Size | 221,374,920 Eq Shares of ₹10 (aggregating up to ₹21,008.48 Cr) |
Offer for Sale | 221,374,920 Eq Shares of ₹10 (aggregating up to ₹[.] Cr) |
Retail Discount | Rs 45 per share |
Employee Discount | Rs 45 per share |
QIB Shares Offered | Not more than 50% of the Net Offer |
Retail Shares Offered | Not less than 35% of the Net Offer |
NII (HNI) Shares Offered | Not less than 15% of the Net Offer |
Life Insurance Corporation of India IPO Financial Performance
Particulars | For the year/period ended (₹ in Millions) | |
| 31-Dec-21 | 31-Mar-21 |
Total Assets | 40,907,867.78 | 37,464,044.68 |
Profit After Tax | 17,153.12 | 29,741.39 |
Particulars | For the year/period ended (₹ in Millions) | |
| 31-Mar-20 | 31-Mar-19 |
Total Assets | 34,141,745.74 | 33,663,346.17 |
Profit After Tax | 27,104.78 | 26,273.78 |
Life Insurance Corporation of India IPO Key Ratios
FY2021 | H1 FY2022 | |
EPS | 4.70 | 2.38 |
RONW (%) | 45.65 | 18.76 |
NAV | 10.30 | 12.68 |
FY2019 | FY2020 | |
EPS | 4.15 | 4.29 |
RONW (%) | 322.25 | 317.14 |
NAV | 1.29 | 1.35 |
Life Insurance Corporation of India IPO GMP Trend
IPO | GMP (₹) | Subject to Rates | IPO Price | Estimated Listing Price |
LIC | 40 | 1100 | 949 | 989 (4.21%) |
Listing Performance of Life Insurance Corporation of India IPO
Listed On : NSE BSE
Issue Price : ₹902 to ₹949 per share
Listing Day Close :
Listing Day Gain :
Life Insurance Corporation of India IPO ISIN No.
NSE : NA
ISIN CODE : INE0J1Y01017
BSE : NA
Life Insurance Corporation of India IPO Allotment Status
Life Insurance Corporation of India IPO Brokers Reviews & Rating
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Life Insurance Corporation of India IPO Important Dates
LIC IPO Opening Date | May 4, 2022 |
LIC 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 |
LIC IPO Listing Date | May 17, 2022 |
Life Insurance Corporation of India IPO Contact Details
Yogakshema, Jeevan Bima Marg,
Nariman Point,
Mumbai 400 021,
Phone: +91 22 6659 8732
Email: investors@licindia.com
Website: www.licindia.in
Life Insurance Corporation of India IPO Registrar Contact Details
Kfin Technologies Private Limited
Selenium Tower B, Plot 31 & 32
Gachibowli Financial District
Nanakramguda, Serilingampally
Hyderabad 500 032, Telangana
Phone: +91 40 6716 2222
Email: lic.ipo@kfintech.com
Website: www.kfintech.com.com
Life Insurance Corporation of India IPO Subscription Details
Category | Shares Offered | Day 1 |
QIB | 3,95,31,236 | 0.00 |
NII | 2,96,48,427 | 0.08 |
Retail | 6,91,79,663 | 0.38 |
Employee | 15,81,249 | 0.60 |
Policyholder | 2,21,37,492 | 1.20 |
Total | 16,20,78,067 | 0.35 |
Category | Shares Offered | Day 2 | Day 3 |
QIB | 3,95,31,236 |
|
|
NII | 2,96,48,427 |
|
|
Retail | 6,91,79,663 |
|
|
Employee | 15,81,249 |
|
|
Policyholder | 2,21,37,492 |
|
|
Total | 16,20,78,067 |
|
|
Life Insurance Corporation of India IPO FAQ's
The Life Insurance Corporation of India IPO is a BSE NSE IP of 15 equity shares of the face value of ₹10 aggregating up to 221,374,920 shares of ₹10 (aggregating up to ₹21,008.48 Cr).
The initial public offering (IPO) begins on May 4, 2022 and ends on May 9 2022.
The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the BSE and NSE.
The Life Insurance Corporation of India IPO opens on May 4, 2022 and closes on May 9, 2022. The IPO Issue date may list on May 17, 2022.
Life Insurance Corporation of India IPO Market lot size is 15 Shares and the minimum order quantity is 15 Shares.
The finalization of Basis of Allotment for Life Insurance Corporation of India IPO will be done on May 12, 2022. and the allotted shares will be credited to your demat account by May 16, 2022. Check the Life Insurance Corporation of India IPO status.
The Life Insurance Corporation of India IPO listing date is on May 17, 2022.
Life Insurance Corporation of India IPO applications can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications. Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.
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