LIC IPO Dates

IPO Opening Date 4th May, 2022
IPO Closing Date 9th May, 2022
Basis of Allotment Date 12th May, 2022
Refund Initiation Date 13th May, 2022
Credit of Shares in Demat Account 16th May, 2022
IPO Listing Date 17th May, 2022

LIP IPO Details

Face Value Rs.10 per equity shares
Issue Price Rs. 902 – Rs. 949
Issue Type Book Built Issue IPO
1 Lot Size 15 Shares
Minimum Quantity 15 Shares
Minimum lots available 1 Lot
Maximum Lots available 14 Lots
Listing At NSE and BSE
Total Shares to be Issued 221,374,920 equity shares at Rs. 5
Retail Discount Rs. 45 per share
Employee Discount Rs. 45 per share
QIB Shares offered 50% of total shares offered
Retail Shares Offered 35% of total shares offered
NII (HNI) Shares Offered 15% of total shares offered

LIC IPO

As per the reports, the Government has now decided to dilute 3.5% of its stake in Life Insurance Corporation of India and raise funds through the IPO. The IPO is expected to be one of the largest initial public offerings in Indian market. The LIC policyholders can find themselves at an advantage since up to 10% per cent of the IPO issue will be reserved for them.

LIC policyholder’s category

Will the policyholders get any benefit if they apply in LIC IPO?

LIC Policyholder’s category is nothing but a new category introduced in the LIC IPO where up to 10% of the shares offered under IPO will be reserved for the customers who hold an LIC Policy.

Under policyholder’s category, one needs to fulfil the below to be eligible for making an application:

  1. Your PAN number should be updated in LIC records. Follow the below steps to check:
    • Visit LIC official website: www.licindia.com & click on ‘Online PAN registration’.
    • Enter the details like your date of birth (DOB), email ID, name as per PAN card, mobile number and policy number. In case multiple policies, you need to add all the policy numbers.
    • Enter the OTP sent on your policy registered mobile number.
    • After the authentication, you can check the status on ‘CHECK POLICY PAN STATUS’
  2. If you are a policyholder and you are going to apply in LIC IPO through Bajaj Financial Securities Limited, make sure that your registered PAN number with the LIC Policy should be the same as registered with Bajaj Financial Securities Limited Demat & Trading account

About Life Insurance Corporation of India (LIC)

LIC is the largest insurance company in India which was incorporated on Sept 1st, 1956 by integrating over 245 Companies by the Act of Parliament known as Insurance Act,1956.

LIC with all the accolades to its name in contributing to the growth of Indian Economy, is now announcing that they are entering the IPO league with LIC IPO. The company has filed the Draft Red Herring Prospectus with SEBI announcing an Offer for Sale (OFS) of 31,62,49,885 shares. LIC IPO is likely to open on the second week of March. LIC India has held a monopoly over the insurance industry for years with more than 75% market share (in the Number of New Policies as on 31.03.2021.). It has 8 Zonal Offices, 113 Divisional Offices, 2048 Branch Offices, 73 Customer Zones, 1401 Satellite Offices and 1240 mini offices across the country (As in March 2016).

LIC India IPO will open in the 2nd week of March and all investors are making assessment of its impact on the Indian stock market.

Key Points About LIC

  • The network of LIC agents is gigantic. As of March 2021, LIC mentioned that they have around 13.53 lacs individual LIC agents.
  • LIC has expanded their business in different sectors viz., LIC Housing Finance, LIC Mutual Funds, LIC Pension Fund along with the acquisition of IDBI Bank in 2019.
  • The company operates not only in India but has expanded the business in different countries as well, like United Kingdom, Fiji & Mauritius.

Disclaimer:Investment in securities market are subject to market risk, read all related documents carefully before investing. This should not be construed as soliciting investment. Investors’ discretion is required. Kindly consult your financial expert before investing. No need to issue cheques by investors while subscribing to IPO. BFSL will not guarantee any allotment. Opening of account will not guarantee allotment of shares in IPO. Investors should do their due diligence before investing.

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LIC IPO FAQs

The LIC IPO Issue Price is Rs. 902 to Rs. Rs. 949. Retail investors can avail a discount of Rs. 45 and LIC Policyholder can avail a discount of Rs. 60.

LIC IPO is live on 4th May, 2022 and closing on 9th May, 2022. You can apply for the IPO in this period

LIC ipo issue size is 21008.48 cr.

LIC IPO is opening date is 4th May 2022 and the closing date is 9th May 2022.

The LIC IPO will be live from 4th May onwards.

Market Lot Size will be 15 shares and a maximum of 14 Lots are available for retail investors. The minimum order quantity will be 1 Lot or 15 shares.

All Important Dates Related to the LIC IPO are mentioned below:

IPO Opening Date 4th May, 2022
IPO Closing Date 9th May, 2022
Basis of Allotment Date 12th May, 2022
Refund Initiation Date 13th May, 2022
Credit of Shares in Demat Account 16th May, 2022
IPO Listing Date 17th May, 2022

LIC IPO has reserved up to 10% of the issue for their policyholders under LIC Policyholder’s category. In such cases, the allotment chances increase.

  • Visit LIC official website: www.licindia.com & click on ‘Online PAN registration’.

  • Enter the details like your date of birth (DOB), email ID, name as per PAN card, mobile number and policy number. In case multiple policies, you need to add all the policy numbers.

  • Enter the OTP sent on your policy registered mobile number.

  • After the authentication, you can check the status on ‘Online checking policy PAN status’

Below are the lead managers appointed for managing the LIC IPO:

  • Goldman Sachs (India) Securities
  • Citigroup Global Markets India
  • Nomura Financial Advisory and Securities India
  • SBI Capital Market
  • JM Financial
  • Axis Capital, BofA Securities
  • JP Morgan India
  • ICICI Securities
  • Kotak Mahindra Capital Co. Ltd.

LIC IPO is getting listed at BSE and NSE stock exchanges.

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