LIC’s IPO is speculated to hit the market soon. The government is planning to sell a 5% stake in the company, and the IPO is expected to raise around Rs. – crore. The IPO will comprise a fresh issue of – shares and an offer for sale of up to 316,249,885 shares. The retail quota is 35%, while the QIB and HNI quotas are 50% and 15%, respectively.
The LIC IPO is rumored to take place in March 2022. The government plans to sell 5% of its stake in the company through the IPO. The IPO will be listed on the NSE and BSE. This will be a great opportunity for retail investors and employees to invest in the company for the long term or short term. As per the rumors, LIC policyholders may get a chance to apply for the LIC IPO.
The Life Insurance Corporation has a controlling market share of around 72% and a share of the total premium collection of around 66%. The company’s valuation is estimated to be between Rs. 9 and 10 trillion. The company was founded all the way back in 1956 and is a merger of 245 insurance companies. The company had a monopoly on life insurance until the 1990s, but after that, the government allowed the private sector in life insurance.LIC has around 2000+ branches in India, with 8 zonal offices in Delhi, Chennai, Mumbai, Bhopal, Hyderabad, Patna, Kanpur, and Kolkata. They also have 100+ divisional offices, 1100+ mini offices, and 1500+ satellite offices. Stay tuned for LIC IPO date, price band, and market lot details.
Peer Group Listing:
- SBI Life Insurance Company
- HDFC Life Insurance Company
- ICICI Prudential Life Insurance Company
LIC IPO Valuation:
Category Break up:
- Anchor: 8,06,43,751 Shares = 16,935.18 Crores (at 2,100/-)
- QIB: 5,37,62,480 Shares = 11,290.12 Crores (at 2,100/-)
- NII: 4,03,21,860 Shares = 8,467.59 Crores (at 2,100/-)
- RII: 9,40,84,341 Shares = 19,757.71 Crores (Lot size: 7 = 1,34,40,620 Forms)
- Employees: 1,58,12,494 Shares = 2,988.56 Crores (10% discount = at 1,890/-)
- Policy Holders: 3,16,24,989 Shares = 5,977.12 Crores (10% discount = at 1,890/-)
- Total Issue: 31,62,49,885 Shares = 65,416.29 Crores.
Subscription required for 1X
- RII = 1,34,40,620 Forms
- NII = 8,467.59 Crores
Life Insurance Corporation of India IPO: Financial Information (Basis of Valuation)The information is collated from the following documents:
1) DRHP = Draft Red Herring Prospectus Dated February 13, 2022 (652 pages)
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LIC IPO Date & Price Band (Tentative)
The below given IPO details are not confirmed yet by the officials. We will make the changes according to the official announcements. Stay tuned for the updates.
|IPO Open:||10 March 2022|
|IPO Close:||14 March 2022|
|IPO Size:||Approx ₹80000 – ₹100000 Crores|
|Fresh Issue:||Approx – Crores|
|Offer for Sale:||Approx 316,249,885 Equity Shares|
|Face Value:||₹10 Per Equity Share|
|Price Band:||₹2000 to ₹2100 Per Share|
|Listing on:||BSE & NSE|
|Discount:||10% for Employee & Policy Holders|
|DRHP Draft Prospectus:||Click Here|
|RHP Draft Prospectus:||Click Here|
LIC IPO Market Lot (Tentative)
The LIC IPO minimum market lot is 7 shares with ₹14700 application amount. The retail investors can apply up-to 13 lots with 91 shares or ₹191,100 amount.
|Minimum Lot Size:||Minimum 7 Shares|
|Maximum Lot Size:||Maximum 91 Shares|
LIC IPO Date, Time Table, Allotment & Listing
The LIC IPO date is 10 March 2022 and the close date is 14 March 2022. The allotment will be finalized on 17 March 2022 and the IPO may list on 23 March 2022.
|Price Band Announcement:||07 March 2022|
|Anchor Investors Allotment:||09 March 2022|
|IPO Open Date:||10 March 2022|
|IPO Close Date:||14 March 2022|
|Basis of Allotment:||17 March 2022|
|Refunds:||21 March 2022|
|Credit to Demat Account:||22 March 2022|
|IPO Listing Date:||23 March 2022|
LIC IPO Form
How to apply for the LIC IPO?
You can apply for LIC IPO through the ASBA process, which is available through your bank account. Just login to your online banking account and select the LIC IPO under the Invest section. Another option is to apply for the LIC IPO through the IPO forms, which you can download from the NSE and BSE websites. After downloading the forms, fill them out and submit them at your bank or through your broker.
Life Insurance Corporation of IndiaCentral office: Yogakshema, Jeevan Bima Marg,Nariman Point, Mumbai 400 021,Maharashtra, IndiaContact Person: Pawan AgrawalCompany Secretary and Compliance OfficerTel: +91 22 6659 8732E-mail: [email protected]: www.licindia.inIRDAI Registration number: 512
LIC IPO FAQs
What is LIC IPO?
LIC IPO is a main-board IPO. They are going to raise ₹80000 to ₹100000 Crores via IPO. The issue is priced at ₹2000 to ₹2100 per equity share. The IPO is to be listed on BSE & NSE.
What is LIC IPO Size?
LIC IPO size is ₹80000 to ₹100000 crores.
What is LIC IPO Price Band?
LIC IPO Price Band is ₹2000 to ₹2100.
What is LIC IPO Investors Portion?
The investors’ portion for QIB-50%, NII-15%, and Retail 35%.
What is LIC IPO Minimum and Maximum Lot Size?
The minimum bid is 7 Shares with ₹14,700 amount while the maximum bid is 91 shares with ₹191,100.
When LIC IPO will open?
The IPO is to open on 10 March 2022 for QIB, NII, and Retail Investors.
What is the LIC IPO Allotment Date?
LIC IPO allotment date is 17 March 2022.
What is the LIC IPO Listing Date?
LIC IPO listing date is 21 March 2022. The IPO to list on BSE and NSE.
How to Apply the LIC IPO?
You can apply LIC IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply the LIC IPO through Zerodha?
Log in to Console in Zerodha Website or in Operation. Go to Portfolio and Click on IPO. You’ll see the IPO Name”LIC”. Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Operation Form. Now go to your UPI App on Net Banking or BHIM App to Authorize the accreditation. Open Demat Account with Zerodha.
How to Apply the LIC IPO through Upstox?
Log in to Upstox software with your credentials. pick out the IPO. you’ll see the IPO name “LIC”. click on Bid Button. verify your software. Now go to your UPI App on net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.
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