Life Insurance Corporation of India IPO (LIC IPO)
MainboardInsurance
Listed On: May 17, 2022 at ₹ 872.0(NSE)
₹ 14235 /15 Shares
Check Allotment04 May, 2022
Open Date09 May, 2022
Close Date12 May, 2022
Allotment Date17 May, 2022
Listing DatePrice Summary
Last Closing
911.35 (-3.97%)52 Week High
1,007.8052 Week Low
715.30Last Update
7-Oct-2025 3:30 PMIPO Issue Details
- Issue Price ₹902-949 per equity share
Policy Holder Discount : ₹60 Per Share
Retail & EMP Discount : ₹45 Per Share - Face Value ₹10 Per Equity Share
- Issue Price Offer for Sale : 221,374,920 Eq Shares of ₹10(aggregating up to Approx ₹21,008.48 Cr)
- Listing at BSE, NSE
- List Price 872.0(NSE)
- Listing Date 2022-05-17
- Lead Manager 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
- Registrar KFintech Private Limited
IPO Details
- Retail Portion 35% (Number of Retail Applications : 46,11,970 Approx)
IPO Details
The IPO of is priced at ₹902-949 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from May 4, 2022 and ends on May 9, 2022. The allotment for IPO will be finalized on May 12, 2022. IPO will be listed on BSE, NSE, with a tentative listing date fixed as May 17, 2022. The company shall list its equity shares on the BSE, NSE. KFintech Private Limited is the registrar of the issue.
The book-running lead manager for the IPO is/are 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.
The IPO sets its price band at 902-949 for each share. A single application for Life Insurance Corporation of India IPO (LIC IPO) must contain at least 15 shares.
IPO Subscription Analysis And Details
| As on | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| Shares Offered / Reserved | 39,531,236 | 29,648,427 | RII: 69,179,663 / PH: 22,137,492 | 1,581,249 | 162,078,067 |
Day 1 04-05-22 07:00 PM | 0.33 x | 0.27 | RII: 0.60x/ PH: 1.99 x | 1.17 x | 0.67 x |
Day 2 05-05-22 07:00 PM | 0.40 x | 0.47 | RII: 0.93x/ PH: 3.11 x | 2.22 x | 1.03 x |
Day 3 06-05-22 07:00 PM | 0.56 x | 0.76 | RII: 1.23x/ PH: 4.01 x | 3.06 x | 1.38 x |
Day 4 07-05-22 07:00 PM | 0.67 x | 1.08 | RII: 1.46x/ PH: 4.67 x | 3.54 x | 1.66 x |
Day 5 08-05-22 07:00 PM | 0.67 x | 1.24 | RII: 1.59x/ PH: 5.04 x | 3.79 x | 1.79 x |
Day 6 09-05-22 07:00 PM | 2.83 x | 2.91 | RII: 1.99x/ PH: 6.12 x | 4.40 x | 2.95 x |
Valuations
Company Financials
| 30-Sep-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
|---|---|---|---|---|
| Assets | 40,43,459.67 | 37,46,404.46 | 34,14,174.57 | 33,66,334.61 |
| Revenue | 1,519.72 | 2,985.57 | 2,730.95 | 2,644.99 |
| Profit After Tax | 1,504.01 | 2,974.13 | 2,710.47 | 2,627.37 |
About Company
LIC is India's only government-owned insurance provider company. It is the largest company in the Indian insurance space with a market share of above 64.1% in terms of premiums and 66.2% market share in terms of New Business Premium. The company offers participating insurance products and non-participating products i.e. unit linked insurance products, saving insurance products, term insurance products, health insurance, and annuity & pension products.
As of 30 Sep, 2021, it has a total AUM of Rs. 39,558,929.24 million. The company has 8 Zonal offices in Delhi, Mumbai, Kolkata, Chennai, Kanpur, Patna, Bhopal, and Hyderabad. As of 30 Sep 2021, the firm operates through 2048 branches, 113 divisional offices, and 1,554 Satelite offices.. It operates globally in Fiji, Mauritius, Bangaldesh, Nepal, Singapore, Sri Lanka, UAE, Bahrain, Qatar, Kuwait, and the United Kingdom. As of March 31, 2021, it has the largest agent network of 1.35 million life insurance agents.
- Promoter(s)
The President of India, acting through the Ministry of Finance, Government of India
Pre Issue Share Holding : 100%
Post Issue Share Holding : 96.50%
IPO - Issue Objectives
To achieve the benefits of listing the equity shares on the stock exchange.
To carry out an offer for sale of 221,374,920 shares by selling shareholders.
IPO - Anchor Investors
LIC raises a total of Rs 5,627 crore in anchor book; overseas funds pour in just Rs 1,624 crore
Over 70% of anchor allotment made to domestic mutual funds.
SBI Mutual Fund subscribed to shares worth over Rs 1,000 crore via four different schemes. ICICI Prudential MF subscribed to shares worth over Rs 700 crore through over half a dozen schemes and HDFC MF subscribed to shares worth over Rs 650 crore of the insurer via 10 different schemes. Aditya Birla Sun Life MF and Axis MF were other major subscribers among
Among foreign funds, the Singapore government’s sovereign wealth fund (GIC) subscribed to shares worth over Rs 400 crore through three funds and BNP Investments subscribed to shares worth nearly Rs 450 crore.
IPO - Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Revenue(in Cr.) | |
|---|---|---|---|---|
| LIC India | 72.94 | 202 | 45.65% | 7,03,709 |
| SBI Life Insurance | 10.00 | 82 | 15.4% | 81,913 |
| HDFC Life Insurance | 13.29 | 101 | 20.30% | 65,402 |
| ICICI Prudential | 7.72 | 111 | 14.60% | 62,305 |
IPO - FAQs
Ans. Life Insurance Corporation of India IPO (LIC IPO) is a Mainboard IPO. The issue is priced at ₹902-949 per equity share Policy Holder Discount : ₹60 Per Share Retail & EMP Discount : ₹45 Per Share. The minimum order quantity is 15 Shares. The IPO opens on May 4, 2022, and closes on May 9, 2022. KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Life Insurance Corporation of India IPO (LIC IPO) opens on May 4, 2022 and closes on May 9, 2022.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Life Insurance Corporation of India IPO (LIC IPO) is Offer for Sale : 221,374,920 Eq Shares of ₹10(aggregating up to Approx ₹21,008.48 Cr).
Ans. The Life Insurance Corporation of India IPO (LIC IPO) price band is set between ₹902-949 per equity share Policy Holder Discount : ₹60 Per Share Retail & EMP Discount : ₹45 Per Share.
Ans. To apply for Life Insurance Corporation of India IPO (LIC IPO), follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Life Insurance Corporation of India IPO (LIC IPO) in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Life Insurance Corporation of India IPO (LIC IPO) is May 12, 2022.
Ans. The Life Insurance Corporation of India IPO (LIC IPO) will be listed on May 17, 2022.
Ans. Follow the steps to check the Life Insurance Corporation of India IPO (LIC IPO) allotment status online.
