LIC IPO date is mounted, the IPO is to hit the market on 04 May 2022 as per the market speculations, official announcement quickly. LIC IPO goes to be one of many greatest IPOs ever launched in India. LIC IPO DRHP filed for a full supply on the market, with no Fresh Issue. The authorities to promote a 5% stake by way of mega IPO. LIC IPO to lift round ₹21,000 crores by way of IPO that contains contemporary situation of – and supply on the market as much as 316,249,885 fairness shares of ₹10 every. The retail quota is 35% whereas QIB is 50% and HNI is 15%.
The LIC IPO might be one of many greatest IPOs within the Indian Market. The IPO is to record on NSE and BSE. The IPO is part of the disinvestment of the Government stack within the firm. It will a terrific alternative for retail buyers and workers to put money into the corporate for the longer-term and quick time period. As per the speculations, the LIC Policy Holders will get the quota to use for the LIC IPO.
Life Insurance Corporation is controlling round 72% of the market and round 66% share of the full premium assortment. The valuation of the corporate stayed round ₹9 Lakh to ₹10 Lakh crore. The firm was based manner again in 1956. It’s a merger of 245 insurance coverage firms. The firm had a monopoly in life insurance coverage until the Nineties, after that the federal government offers an opportunity to the personal sector in life insurance coverage. They have round 2000+ branches in India with 8 zonal places of work located in Delhi, Chennai, Mumbai, Bhopal, Hyderabad, Patna, Kanpur, and Kolkata. They have 100+ divisional places of work, 1100+ mini places of work, and 1500+ satellite tv for pc places of work. You can examine LIC IPO subscription standing and LIC IPO allotment standing on their respective pages.
LIC IPO Important Details:
- LIC IPO worth band set at Rs 902-949, a reduction of Rs 60 for policyholders: Govt sources – Moneycontrol
- LIC has over 13 lakh brokers who generate enterprise and earn commissions.
- LIC is among the Highly Trusted Insurance Brands in India.
- The firm manages round 39 lakh crores of property, using these funds within the inventory market and bonds.
- LIC is the fifth largest international insurer within the World.
- LIC has 2000+ branches, 100+ divisional places of work, and 1500+ Satellite Offices.
- Guide: How to Link PAN with LIC Policy
- LIC Valuations: As per the market speculations LICÂ authorities was aiming for a LIC valuation of round Rs 15 lakh crores
- IPO-bound LIC studies a web revenue of Rs 1,437 crore for H1FY22 –Â Moneycontrol
- LIC IPO Draft Paper Filing Likely this Month: LIC IPO Date, Price, Key Things to Know –Â Network18
- LIC to open India’s greatest IPO situation by mid-March –Â Economic Times
- Centre reaches out to buyers forward of LIC IPO; embedded worth doubtless by August: Report –Â TimesNowInformation
- LIC IPO: Centre plans to lift as much as ₹25,000 cr from over 24 anchor buyers – BusinessToday
LIC IPO Review (Good or Bad)
Brokerage Firm IPO Review
- Axis Bank: Adding Soon
- Capital Market: Adding Soon
- SMC Global: Adding Soon
- Reliance Securities: Adding Soon
- Ajcon Global Services Ltd: Adding Soon
- Hem Securities: Adding Soon
- ICICI Securities: Adding Soon
LIC IPO Date & Price Band (Tentative)
The beneath given IPO particulars aren’t confirmed but by the officers. We will make the modifications in keeping with the official bulletins. Stay tuned for the updates.
| Â IPO Open: | Â 04 May 2022 |
| Â IPO Close: | Â 09 May 2022 |
|  IPO Size: |  Approx ₹21,000 Crores |
| Â Fresh Issue: | Â Approx – Crores |
|  Offer for Sale: |  Approx 316,249,885 Equity Shares |
|  Face Value: |  ₹10 Per Equity Share |
|  Price Band: |  ₹902 to ₹949 Per Share |
| Â Listing on: | Â BSE & NSE |
| Â Retail Quota: | Â 35% |
| Â QIB Quota: | Â 50% |
| Â NII Quota: | Â 15% |
|  Discount: |  ₹60 for Policy Holders & ₹40 for Retail & Employees |
| Â DRHP Draft Prospectus: | Â Click Here |
| Â RHP Draft Prospectus: | Â Click Here |
LICÂ IPO Market Lot (Tentative)
The LIC IPO minimal market lot is 15 shares with ₹14,235 software quantity. The retail buyers can apply as much as 14 tons with 210 shares or ₹187,200 quantity.
| Â Minimum Lot Size: | Â Minimum 15 Shares for 1 lot |
|  Minimum Amount: |  ₹14,235 for 1 lot |
| Â Maximum Lot Size: | Â Maximum 210 Shares for 14 lot |
|  Maximum Amount: |  ₹199,290 for 14 lot |
LICÂ IPO Allotment & Listing Dates
The LIC IPO date is 04 May 2022 and the shut date is 09 May 2022. The LIC IPO allotment might be finalized on May 2022 and the IPO itemizing on May 2022.
| Â Price Band Announcement: | Â May 2022 |
| Â Anchor Investors Allotment: | Â 02 May 2022 |
| Â IPO Open Date: | Â 04 May 2022 |
| Â IPO Close Date: | Â 09 May 2022 |
| Â Basis of Allotment: | Â May 2022 |
| Â Refunds: | Â May 2022 |
| Â Credit to Demat Account: | Â May 2022 |
| Â IPO Listing Date: | Â May 2022 |
LIC IPO Form
How to use for the LIC IPO? You can apply for LIC IPO by way of ASBA accessible in your checking account. Just go to the net financial institution login and apply by way of your checking account by choosing the LIC IPO within the Invest part. The different possibility is you possibly can apply for LIC IPO by way of IPO kinds obtain by way of NSE and BSE. Check out the LIC kinds – click on BSE Forms & NSE Forms clean IPO kinds obtain, fill, and submit in your financial institution or along with your dealer.
LIC Company Financial Report
|  ₹ in Crores | |||||
| Revenue | Expense | PAT |
|||
| 2019 | ₹2645 | ₹2.63 | ₹2627 | ||
| 2020 | ₹2731 | ₹1.24 | ₹2710 | ||
| 2021 | ₹2986 | ₹5.22 | ₹2974 | ||
| 2021 6M |
₹1520 | ₹0.25 | ₹1504 | ||
LIC IPO Valuation – FY2021
Check LIC IPO valuations element like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) particulars.
|  Earning Per Share (EPS): |  ₹4.70 per Equity Share |
| Â Price/Earning P/E Ratio: | Â N/A |
| Â Return on Net Worth (RoNW): | Â 45.65% |
| Â Net Asset Value (NAV): | Â 10.30Â per Equity Share |
Peer Group
- SBI Life Insurance Company
- HDFC Life Insurance Company
- ICICI Prudential Life Insurance Company
Company Promoters
- The President of India, Acting Through The Ministry Of Finance, Government of India
LICÂ IPO Registrar
KFin Technologies Private Limited
Selenium, Tower B, Plot No- 31 and 32
Gachibowli, Financial District
Nanakramguda, Serilingampally
Hyderabad 500 032, Telangana, India
Tel: +91 40 6716 2222
E-mail: [email protected]
Investor Grievance ID: [email protected]
Website: www.kfintech.com
Contact Person: M Murli Krishna
SEBI Registration Number: INR000000221
LIC IPO Allotment Status Check
Check LIC IPO allotment standing on KFintech web site allotment URL. Click Here
LICÂ IPO Lead Managers
- Kotak Mahindra Capital Company Limited
- Axis Capital Limited
- BofA Securities India Limited
- Citigroup Global Markets India Private Limited
- Goldman Sachs (India) Securities Private Limited
- ICICI Securities Limited
- JM Financial Limited
- J.P. Morgan India Private Limited
- Nomura Financial Advisory and Securities (India) Private Limited
- SBI Capital Markets Limited
Company Address
Life Insurance Corporation of India
Central workplace: Yogakshema, Jeevan Bima Marg,
Nariman Point, Mumbai 400 021,
Maharashtra, India
Contact Person: Pawan Agrawal
Company Secretary and Compliance Officer
Tel: +91 22 6659 8732
E-mail: [email protected]
Website: www.licindia.in
IRDAI Registration quantity: 512
LIC IPO FAQs
What is LIC IPO?
When LIC IPO will open?
What is LIC IPO Investors Portion?
How to Apply the LIC IPO?
How to Apply the LIC IPO via Zerodha?
How to Apply the LIC IPO via Upstox?
How to Apply the LIC IPO via Paytm Money?
What is LIC IPO Size?
What is LIC IPO Price Band?
What is LIC IPO Minimum and Maximum Lot Size?
What is the LIC IPO Allotment Date?
What is the LIC IPO Listing Date?
Note: The LIC IPO worth band and date might be added as it will likely be formally introduced. The IPO gray market premium (LIC IPO GMP) might be added on the IPO gray market web page as it’s going to begin)
Follow IPO Watch for the Upcoming IPO news and their critiques, additionally maintain following us on Twitter, Facebook, and Instagram. For our newest movies, subscribe to our YouTube channel.
– Source : IPOWATCH