LIC IPO Date is officially announced now and the subscription is to open on 04 May and will close on 09 May 2022, Check the LIC IPO Subscription Status & Allotment Status.
- About LIC
- Important Details – LIC
- Objects of the Issue
- LIC Limited Financials:
- LIC IPO Price – Details
- LIC IPO DRHP & RHP
- LIC IPO Lot Size
- LIC IPO Lead Managers
- LIC IPO Registrar
- LIC IPO Allotment Date, Listing Date and other Important Dates
- Company Peers – Comparison of Accounting Ratios
- LIC Central office
- Company Promoters
- LIC IPO – FAQS
About LIC
The 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.
The Corporation 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
The Corporation is the largest asset manager in India. The Corporation was formed by merging and nationalizing 245 private life insurance companies in India on September 1, 1956, with an initial capital of ₹50.00 million. From the Corporation’s incorporation until 2000, The Corporation is the only life insurer in India. The Corporation was identified by IRDAI as a Domestic Systemically Important Insurer (“D-SII”) on the basis of size, market importance and domestic and global inter-connectedness in September 2020
Important Details – LIC
| Date | Details |
|---|---|
| September 1, 1956 | The Corporation was established as “Life Insurance Corporation of India” under the Life Insurance Corporation Act. |
Objects of the Issue
- To achieve the benefits of listing the Equity Shares on the Stock Exchanges; and
- To carry out the Offer for Sale of up to 316,249,885 Equity Shares by the Selling Shareholder
LIC Limited Financials:
Summary of financial Information (Restated Consolidated Statement)
| Particulars | For the year ended (₹ in millions) | |||
|---|---|---|---|---|
| 30-Sep-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 4,04,34,596.70 | 3,74,64,044.68 | 3,41,41,745.74 | 3,36,63,346.17 |
| Total income | 15,197.24 | 29,855.71 | 27,309.56 | 6,256.86 |
| Profit After Tax | 15,040.13 | 29,741.39 | 27,104.78 | 26,273.78 |
Also Read: LIC IPO: How to check/update PAN Card with LIC Policy to participate in IPO?
LIC IPO Price – Details
| Description | LIC IPO Details |
|---|---|
| Public Issue | Initial Public Issue of upto 316,249,885 Equity Shares aggregating up to ₹ [.] million |
| Issue Open Date | 04-May-22 |
| Issue Close Date | 09-May-22 |
| Issue Type | Book Built |
| IPO Price Band | ₹ 902 – ₹ 949 |
| Face Value | ₹ 10 |
| Market Lot | 15 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 15 Equity Shares |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Listing | NSE, BSE |
| NSE Symbol | LICI |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
LIC IPO DRHP & RHP
LIC IPO Lot Size
| Application | Lots | No of Shares | Amount (Rs) |
| Minimum | 1 | 15 | ₹ 14,235 |
| Maximum | 14 | 210 | ₹ 1,99,290 |
LIC IPO Lead Managers
- Axis Capital Limited
- BofA Securities India Limited
- Citigroup Global Markets India Private Limited
- Goldman Sachs (India) Securities Private Limited
- ICICI Securities Limited
- J.P. Morgan India Private Limited
- JM Financial Consultants Private Limited
- Kotak Mahindra Capital Company Limited
- Nomura Financial Advisory And Securities (India) Pvt Ltd
- SBI Capital Markets Limited
LIC IPO Registrar
LIC IPO Allotment Date, Listing Date and other Important Dates
| Details | Important Dates |
|---|---|
| Bid / Offer Opens on | 04-May-22 |
| Bid / Offer Closes on | 09-May-22 |
| Finalisation of Basis of Allotment | 12-May-22 |
| Initiation of refunds | 13-May-22 |
| Credit of the Equity Shares | 16-May-22 |
| Listing Date | 17-May-22 |
Company Peers – Comparison of Accounting Ratios
| Name of Company | Face Value | EPS (Basic) (₹) | Net Profit (₹ in million) | NAV, as on March 31, 2021 (₹ per share) |
| Life Insurance Corporation of India | 10 | 4.70* | 29,741.39 | 10.30 |
| SBI Life Insurance Company Limited | 10 | 14.56 | 14,558.49 | 103.99 |
| HDFC Life Insurance Company Limited | 10 | 6.74 | 13,608.72 | 42.75 |
| ICICI Prudential Life Insurance Company Limited | 10 | 6.66 | 9,561.55 | 63.51 |
LIC Central office
Yogakshema, Jeevan Bima Marg,
Nariman Point, Mumbai 400 021,
Maharashtra, India
Company Promoters
- The President of India, acting through the Ministry of Finance, Government of India
LIC IPO – FAQS
When will LIC IPO be launched?
The LIC IPO opens on May 04, 2022 and closes on May 09, 2022
What is the LIC IPO Price?
The LIC IPO price band is ₹ 902 – ₹ 949 per share
What is the lot size of LIC IPO?
The LIC IPO lot size is 15 Equity Shares and the minimum order quantity is 15 Equity Shares
Who is the Registrar for LIC IPO?
The Registrar for LIC IPO is KFin Technologies Private Limited
How to apply in LIC IPO through UPI?
Check the step by step process here – Click here
How to apply in LIC IPO through Zerodha?
Check the step by step process here – Click here
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