LIC IPO details (4 – 9 May), (Price Rs.902 to 945)
Listing date and Listing Price of LIC IPO:
- LIC IPO listed on BSE and NSE exchanges on – Click Here
- Listing Price of LIC IPO on NSE – Click Here
- 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.
- LIC IPO Allotment Link 1 – https://kosmic.kfintech.com/ipostatus/
- LIC IPO Allotment Link 2 – https://kcas.kfintech.com/ipostatus/
- 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.
- Download KPRISM app by KFin Tech.
- Select IPO Status (No need to do login or register to check IPO allotment)
- Select LIC IPO from the list.
- Enter Application Number or DPID Client ID or PAN, then Submit.
- 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 category | Policy holder Category | Total No. of times applied | |
| No. of shares offered | 3,95,31,236 | 2,96,48,427 | 6,91,79,663 | 15,81,249 | 2,21,37,492 | 16,20,78,067 |
| Final Day | 1.07x | 1.30x | 1.64x | 3.87x | 5.18x | 1.94x |
LIC IPO highlights:
| LIC IPO bid Opens on | 04 May 2022 |
| LIC IPO bid Closes on | 05 May 2022 |
| Post issue Modification Period | 06- May-2022 (10.00 A.M. to 11.00 A.M.) |
| Cut-off time for UPI Mandate Confirmation | 06- May-2022 (upto 12:00 PM) |
| Issue type | 100% Book Building |
| LIC IPO issue size | Rs. 21,000 Cr (approx) |
| Face value of each equity share | Rs. 10 |
| LIC IPO Price band | Rs. 902 to Rs. 949 per share |
| LIC IPO market lot | 15 equity shares and multiples of 15 |
| LIC IPO minimum order quantity | 15 equity shares |
| Pre IPO equity share of promoters of LIC | 100 % |
| Post IPO paid-up equity share of promoters of LIC | __ % |
| QIB portion reservation in LIC IPO | 50 % |
| NIB portion reservation in LIC IPO | 15 % |
| Retail portion reservation in LIC IPO | 35 % |
| Retail individual discount in LIC IPO | Rs. 45 per equity share |
| Employees Discount in LIC IPO | Rs. 45 per equity share |
| Policy holders Discount in LIC IPO | Rs. 60 per equity share |
| Listing of LIC at Exchanges | NSE, BSE |
| Fund raised from Anchor Investors in Pre-IPO of LIC | NA |
| Registrar of LIC IPO issue | Kfin Technologies Private Limited |
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 on | 04.05.2022 |
| LIC IPO Closes on | 05.05.2022 |
| Allotment basis date of LIC IPO | 12.05.2022 |
| Money refund date of LIC IPO | 13.05.2022 |
| Shares of LIC in Demat Account | 16.05.2022 |
| LIC IPO listing date on NSE, BSE | 17.05.2022 |
How much shares of LIC IPO are being offered?
| Type of Issue (Fresh / OFS) | No. of Equity shares offered | Amount of Equity shares |
| Total Issue size | ₹ 21,000 Crore (approx) | |
| Fresh Issue size | – | ₹ 0 Crore |
| Offer for Sale (OFS) | – | ₹ 21,000 Crore |
| Employee Reservation | – | – |
LIC financial statements details:
| | 31.12.2021 | 31.03.2021 | 31.03.2020 | 31.03.2019 |
| | (₹ million) | (₹ million) | (₹ million) | (₹ million) |
| Total Assets | 40,907,867.78 | 37,464,044.68 | 34,141,745.74 | 33,663,346.17 |
| Total Revenue | 17,573.49 | 29,855.71 | 27,309.56 | 26,449.96 |
| Profit After Tax | 17,153.12 | 29,741.39 | 27,104.78 | 26,273.78 |
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.