Life Insurance Corporation of India (LIC) IPO price band, GMP, Allotment, Listing date and Price

LIC IPO details (4 – 9 May), (Price Rs.902 to 945)

LIC IPO price band, GMP, Allotment, Listing date and Price
LIC IPO price band, GMP, Allotment, Listing date and Price

Listing date and Listing Price of LIC  IPO:

  1. LIC  IPO listed on BSE and NSE exchanges on – Click Here
  2. Listing Price of LIC  IPO on NSE – Click Here
  3. Listing Price of LIC  IPO on BSE – Click Here

Grey Market premium (GMP) price of LIC  IPO :

Grey Market premium (GMP) price of LIC  IPO is Rs __. Grey Market premium (GMP) of LIC  IPO means, unofficially if someone buys or sells his application at a fixed rate irrespective of listing price. Check latest GMP of all IPOs.

LIC  IPO Allotment link status on Kfintech:

Check the allotment status of LIC  IPO on these three links given by Kfintech.

  1. LIC  IPO Allotment Link 1 – https://kosmic.kfintech.com/ipostatus/
  2. LIC  IPO Allotment Link 2 – https://kcas.kfintech.com/ipostatus/
  3. LIC  IPO Allotment Link 3 -https://evault.kfintech.com/ipostatus/

LIC  IPO Allotment link status on Kfintech can be checked by Application No or DPID/Client ID or PAN and enter ‘Captcha’.

LIC  IPO Allotment link status on Kprism app:

KPRISM, an app by KFin Technologies Pvt Ltd (Registrar of this IPO) can be downloaded from Play Store on mobile or Tab.

  1. Download KPRISM app by KFin Tech.
  2. Select IPO Status (No need to do login or register to check IPO allotment)
  3. Select LIC  IPO from the list.
  4. Enter Application Number or DPID Client ID or PAN, then Submit.
  5. The allotment status of LIC  IPO, with no. of shares allotted will come.

LIC  IPO subscription status details: (Last updated: 9/5/22, 10.30am)

QIB (Qualified Institl. Bidders)NIB (Non-institutional Investor)RII (Retail Individual Investor)Employee categoryPolicy holder CategoryTotal No. of times applied
No. of shares offered3,95,31,2362,96,48,4276,91,79,66315,81,2492,21,37,49216,20,78,067
Final Day 1.07x1.30x1.64x3.87x5.18x1.94x
LIC  IPO subscription status live

LIC  IPO highlights:

LIC  IPO bid Opens on 04 May 2022
LIC  IPO bid Closes on05 May 2022
Post issue Modification Period06- May-2022 (10.00 A.M. to 11.00 A.M.)
Cut-off time for UPI Mandate Confirmation06- May-2022 (upto 12:00 PM)
Issue type100% Book Building
LIC  IPO issue sizeRs. 21,000 Cr (approx)
Face value of each equity shareRs. 10
LIC  IPO Price bandRs. 902 to Rs. 949 per share
LIC  IPO market lot15 equity shares and multiples of 15
LIC  IPO minimum order quantity15 equity shares
Pre IPO equity share of promoters of LIC100 %
Post IPO paid-up equity share of promoters of LIC__  %
QIB portion reservation in LIC  IPO50 %
NIB portion reservation in LIC  IPO15 %
Retail portion reservation in LIC  IPO35 %
Retail individual discount in LIC  IPORs. 45 per equity share
Employees Discount in LIC  IPORs. 45 per equity share
Policy holders Discount in LIC  IPORs. 60 per equity share
Listing of LIC  at ExchangesNSE, BSE
Fund raised from Anchor Investors in Pre-IPO of LICNA
Registrar of LIC  IPO issueKfin Technologies Private Limited
LIC  IPO highlights

LIC  IPO important dates regarding bidding, allotment, listing, refund etc. :

The probable dates regarding bidding, allotment, listing, refund of LIC  IPO are mentioned below.

LIC  IPO opens on04.05.2022
LIC  IPO Closes on05.05.2022
Allotment basis date of LIC  IPO12.05.2022
Money refund date of LIC  IPO13.05.2022
Shares of LIC  in Demat Account16.05.2022
LIC  IPO listing date on NSE, BSE17.05.2022
LIC  IPO important dates regarding bidding, allotment, listing, refund etc.

How much shares of LIC  IPO are being offered?

Type of Issue (Fresh / OFS)No. of Equity shares offeredAmount of Equity shares
Total Issue size₹ 21,000 Crore (approx)
Fresh Issue size₹ 0 Crore
Offer for Sale (OFS)21,000 Crore
Employee Reservation
No. of Equity shares offered of LIC  IPO

LIC financial statements details:

31.12.202131.03.202131.03.202031.03.2019
(₹ million)(₹ million)(₹ million)(₹ million)
Total Assets40,907,867.7837,464,044.6834,141,745.7433,663,346.17
Total Revenue17,573.4929,855.7127,309.5626,449.96
Profit After Tax17,153.1229,741.3927,104.7826,273.78
LIC financial statements details

IPO Red Herring Prospectus (RHP) of LIC :

Click here for IPO RHP of LIC  on SEBI website.

Objectives of the LIC  IPO Issue: (Source – RHP)

OFS –

The objects of the Offer are to (i) achieve the benefits of listing the Equity Shares on the Stock Exchanges; and (ii) carry out the Offer for Sale of up to 221,374,920 Equity Shares by the Selling Shareholder (President of India, acting through the Ministry of Finance, Government of India).

Business of LIC : (Source – RHP)

Our Corporation has been providing life insurance in India for more than 65 years and is the largest life insurer in India, with a 61.6% market share in terms of premiums (or GWP), a 61.4% market share in terms of New Business Premium (or NBP), a 71.8% market share in terms of number of individual policies issued, a 88.8% market share in terms of number of group policies issued for the nine months ended December 31, 2021, as well as by the number of individual agents, which comprised 55% of all individual agents in India as at December 31, 2021. (Source: the CRISIL Report).

Our Corporation’s market share in the Indian life insurance industry for Fiscal 2021 was 64.1% in terms of GWP, 66.2% in terms of NBP, 74.6% in terms of number of individual policies issued, and 81.1% in terms of number of group policies issued. (Source the CRISIL Report). Our 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 (in 2020 for the other players and in Fiscal 2021 for our Corporation). (Source: the CRISIL Report).

According to CRISIL, this is owing to our enormous agent network, strong track record, immense trust in the brand ‘LIC’ and our Corporation’s 65 years of lineage. (Source: the CRISIL Report). Our Corporation is ranked fifth globally by life insurance GWP (comparing our Corporation’s life insurance premium for Fiscal 2021 to our global peers’ life insurance premium for 2020) and 10th globally in terms of total assets (comparing our Corporation’s assets as at March 31, 2021 with other life insurers’ assets as at December 31, 2020). (Source: the CRISIL Report).

Our Corporation is the largest asset manager in India as at December 31, 2021, with AUM (comprising policyholders’ investment, shareholders’ investment and assets held to cover linked liabilities) of ₹40.1 trillion on a standalone basis, which was (i) more than 3.2 times the total AUM of all private life insurers in India, (ii) approximately 15.6 times more than the AUM of the second-largest player in the Indian life insurance industry in terms of AUM, (iii) more than 1.1 times the entire Indian mutual fund industry’s AUM and (iv) 17.0% of India’s estimated GDP for Fiscal 2022. (Source: the CRISIL Report). As per the CRISIL Report, as at December 31, 2021, our Corporation’s investments in listed equity represented around 4% of the total market capitalisation of NSE as at that date. (Source: the CRISIL Report).

Our 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 our Corporation’s incorporation until 2000, we were the only life insurer in India. Our 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.

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