May 4, 2022 - May 9, 2022
RHP
LIC IPO is a book built issue of Rs 21,008.48 crores. The issue is entirely an offer for sale of 22.14 crore shares.
LIC IPO bidding started from May 4, 2022 and ended on May 9, 2022. The allotment for LIC IPO was finalized on Thursday, May 12, 2022. The shares got listed on BSE, NSE on May 17, 2022.
LIC IPO price band is set at ₹902 to ₹949 per share. The minimum lot size for an application is 15 Shares. The minimum amount of investment required by retail investors is ₹14,235.
The issue includes a reservation of up to 1,581,249 shares for employees offered at a discount of Rs 45 to the issue price.
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 Limited, Kotak Mahindra Capital Company Limited, Nomura Financial Advisory And Securities (India) Pvt Ltd and SBI Capital Markets Limited are the book running lead managers of the LIC IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to LIC IPO RHP for detailed information.
LIC IPO Details
| IPO Date | May 4, 2022 to May 9, 2022 |
| Listing Date | May 17, 2022 |
| Face Value | ₹10 per share |
| Price Band | ₹902 to ₹949 per share |
| Lot Size | 15 Shares |
| Total Issue Size | 221,374,920 shares (aggregating up to ₹21,008.48 Cr) |
| Offer for Sale | 221,374,920 shares of ₹10 (aggregating up to ₹21,008.48 Cr) |
| Retail Discount | Rs 45 per share |
| Employee Discount | Rs 45 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
LIC IPO Reservation
LIC IPO offers 221,374,920 shares. 39,531,236 (17.86%) to QIB, 29,648,427 (13.39%) to NII, 69,179,663 (31.25%) to RII, 1,581,249 (0.71%) to employees 59,296,853 (26.79%) to Anchor investors. 4,611,977 RIIs will receive minimum 15 shares and (sNII) and (bNII) will receive minimum 225 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 59,296,853 (26.79%) | NA |
| QIB Shares Offered | 39,531,236 (17.86%) | NA |
| NII (HNI) Shares Offered | 29,648,427 (13.39%) | |
| Retail Shares Offered | 69,179,663 (31.25%) | 4,611,977 |
| Employee Shares Offered | 1,581,249 (0.71%) | NA |
| Total Shares Offered | 221,374,920 (100%) |
LIC IPO Timeline (Tentative Schedule)
LIC IPO opens on May 4, 2022, and closes on May 9, 2022.
| IPO Open Date | Wednesday, May 4, 2022 |
| IPO Close Date | Monday, May 9, 2022 |
| Basis of Allotment | Thursday, May 12, 2022 |
| Initiation of Refunds | Friday, May 13, 2022 |
| Credit of Shares to Demat | Monday, May 16, 2022 |
| Listing Date | Tuesday, May 17, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 9, 2022 |
LIC IPO Lot Size
Investors can bid for a minimum of 15 shares and in multiples thereof. Thebelow table depicts the minimum and maximum investment by retail investors and HNI in terms ofshares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 15 | ₹14,235 |
| Retail (Max) | 14 | 210 | ₹199,290 |
| Lot Size Calculator | |||
LIC IPO Promoter Holding
The President of India, acting through the Ministry of Finance, Government of India is the company promoter.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 96.50% |
About Life Insurance Corporation of India (LIC)
LIC is the largest insurance provider company in India. It has a market share of above 66.2% in new business premium. The company offers participating insurance products and non-participating products like 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 lakh crore. LIC operates through 2048 branches, 113 divisional offices, and 1,554 Satellite Offices. It operates globally in Fiji, Mauritius, Bangladesh, Nepal, Singapore, Sri Lanka, UAE, Bahrain, Qatar, Kuwait, and the United Kingdom.
Key positive factors
- LIC is a part insurance and part investment products company. Their plans are a combination of insurance and investment with a guaranteed return.
- LIC has over 13.5 lakh agents who play brings most of the new business. LIC plans offer 'fixed returns' along with life insurance coverage. This makes it easy to sell by agents and brings peace of mind to the insurers.
- LIC has high trust in the public for both life insurance as well as investment done with them. LIC is synonymous with insurance in India.
- LIC manage asset of Rs 39 lakh crores. That is more money than the entire mutual fund industry combined. They invest these funds across stocks and bonds. They own 4% of all listed stocks in India and more government bonds than the RBI.
- Leading insurance provider company in India and fifth largest global insurer by GWP.
- A range of life insurance products to meet varied insurance needs of individuals.
Key challenges
- LIC has poor new policy growth as they continue losing market share to private insurance players, especially in urban areas.
- The margin in insurance + investment products is low.
- It's very difficult to value LIC as the business model is unlike any other company. LIC collects money upfront and then promises to compensate policyholders at a later stage. The premiums they collect (part insurance and part investment) cannot be recognized as revenue.
Company Financials
| Particulars | For the year/period ended (₹ in Millions) | ||||
|---|---|---|---|---|---|
| 31-Dec-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | ||
| Total Assets | 40,907,867.78 | 37,464,044.68 | 34,141,745.74 | 33,663,346.17 | |
| Profit After Tax | 17,153.12 | 29,741.39 | 27,104.78 | 26,273.78 | |
Key Performance Indicator
The market capitalization of LIC IPO is Rs 600242.28 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 201.91 |
Objects of the Issue (LIC IPO Objectives)
The IPO aims to utilize the net proceeds towards the following purposes;
- 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.
LIC IPO Review (Apply)
[Dilip Davda] Ever since LIC announced its IPO plans, it became the talk of the town and more so after filing its DRHP in February 2022. Investors across the board were busy calculating its valuations considering its mammoth size of business and market share amidst competition. Now that it has filed RHP and its issue details are announced, its pricing mirroring embedded value and business growth trajectory appears reasonable. With its investor-friendly move with a discount to its pillars i.e. policyholders as well as retail investors, the issue has now turned more attractive. The government of India has again shown their investor-friendly gestures with such moves amidst troubling times like the Russia-Ukraine war, spiralling inflation, and weak global markets. Investors may consider investing in this mega insurer’s maiden mini offer for medium to long term rewards. Read detail review...
LIC IPO Subscription Status (Bidding Detail)
The LIC IPO is subscribed 2.95 times on May 9, 2022 7:00:00 PM. The public issue subscribed 1.99 times in the retail category, 2.83 times in the QIB category, and 2.91 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 2.83 |
| NII | 2.91 |
| Retail | 1.99 |
| Employee | 4.40 |
| Policyholder | 6.12 |
| Total | 2.95 |
LIC IPO Details by Investor Category
| Category | Bidding at | Max Bid Amount | Basis of Allotment | Discount | Final Price |
|---|---|---|---|---|---|
| HNI | At price | Rs 9,067 Cr | Proportionate | No | Rs 949 |
| Retail | Cut-off | Not above Rs 2 lakhs | Draw of Lot | Rs 45 per share | Rs 904 |
| Employee | Cut-off | Not above Rs 2 lakhs | Proportionate | Rs 45 per share | Rs 904 |
| Policy Holders | Cut-off | Not above Rs 2 lakhs | Proportionate | Rs 60 per share | Rs 889 |
LIC IPO Researved Category (Policyholder, Employee and Retail)
Read more details at LIC Policyholder(s) IPO Reservation - Explained
LIC IPO Multiple Applications
A LIC policyholder can apply for LIC IPO shares using 2 IPO applications in the following categories:
- Policyholder + Retail Category
- Policyholder + HNI (NII) Category
LIC IPO Limits in Reserved Quotas
- Rs 2 lakh investment limit in policyholders, employees, and retail investors' quotas.
- Policyholders can Increase limits by bidding in the "policyholders + retail" quota (Rs 2 + 2 lakh).
- Employees can Increase limits by bidding in the "employee + policyholders + retail" quota (Rs 2+2+2 lakh).
Advantages of Reserved Quota in LIC IPO
- Policyholders get Rs 60 per share discount on the final offer price.
- Rs 45 per share discount in retail and employees' quota.
Eligible Policyholders for Reserved Policyholders Quota in LIC IPO
- Policy should be bought on or before February 13, 2022.
- Annuity policyholder is eligible, but not the beneficiary.
- the Last date for updating PAN details in your policy was February 28, 2022.
LIC IPO Prospectus
LIC IPO Rating
3822
4.1
Rating:
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LIC IPO Listing Details
| Listing Date | May 17, 2022 |
| BSE Script Code | 543526 |
| NSE Symbol | LICI |
| ISIN | INE0J1Y01017 |
| Final Issue Price | ₹949 per share |
Listing Day Trading Information
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹949.00 |
| ₹867.20 |
| ₹860.10 |
| ₹920.00 |
| ₹875.45 |
| NSE |
|---|
| ₹949.00 |
| ₹872.00 |
| ₹860.00 |
| ₹918.95 |
| ₹875.25 |
Life Insurance Corporation of India (LIC) Contact Details
Life Insurance Corporation of India (LIC)
Yogakshema, Jeevan Bima Marg
Nariman Point, Mumbai 400 021,
Phone: +91 22 6659 8732
Email: [email protected]
Website: http://www.licindia.in/
LIC IPO Registrar
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/
LIC IPO - Buy or Not
LIC IPO Recommendation Summary
| Review By | Subscribe | Neutral | Avoid |
|---|---|---|---|
| Brokers | 17 | 0 | 0 |
| Members | 46 | 3 | 12 |
Read All ReviewsPost Your Review Manage Reviews
LIC IPO Lead Manager(s)
- Axis Capital Limited (Past IPO Performance)
- Bofa Securities India Limited (Past IPO Performance)
- Citigroup Global Markets India Private Limited (Past IPO Performance)
- Goldman Sachs (India) Securities Private Limited (Past IPO Performance)
- ICICI Securities Limited (Past IPO Performance)
- J.P. Morgan India Private Limited (Past IPO Performance)
- Jm Financial Limited (Past IPO Performance)
- Kotak Mahindra Capital Company Limited (Past IPO Performance)
- Nomura Financial Advisory And Securities (India) Pvt Ltd (Past IPO Performance)
- SBI Capital Markets Limited (Past IPO Performance)
Lead Manager Reports
LIC IPO Questions
1. Is there a chance of listing gain in LIC IPO?
The listing gain in an IPO share depends on many factors:
- Demand and supply of IPO shares on the day of listing
- IPO shares pricing
- The market situation on the day of listing
- The demand for IPO shares (IPO oversubscription)
- Russia Ukraine conflict
It is not easy to predict listing gains in LIC IPO due to its large size. We have not seen such a large IPO in India before.
2. Is it good to apply for LIC IPO?
It is difficult to say at this point. The decision depends on many factors like issue price, discounts offered, and the market situation on the day of listing.
Note that IPO share price varies a lot in the first few weeks of listing. It is considered a high-risk investment as one can make or lose big money.
3. When will LIC IPO open?
LIC IPO opens on May 4, 2022 and closes on May 9, 2022.
4. What is LIC IPO expected price?
The LIC IPO price is Rs 902 to Rs 949 per equity share. A discount of Rs 45 is offered to Retail Investors and Rs 60 to LIC Policyholders.
The effective price for LIC IPO shares at the upper price band will be Rs 949 for QIB and NII, Rs 904 for retail, and Rs 889 for Policyholders.
5. How to check if LIC policy linked to PAN Number for LIC IPO?
You could check if your LIC policy is linked to your PAN by submitting an online request. Check PAN availability status in LIC Policy. You would need the following details to check:
- LIC Policy Number
- Date of Birth
- PAN Number
If your policy is linked correctly, you will get a message like "Your PAN details are available in our records as per input provided for the policy number."
LIC IPO FAQs
LIC IPO is a main-board IPO of 221,374,920 equity shares of the face value of ₹10 aggregating up to ₹21,008.48 Crores. The issue is priced at ₹902 to ₹949 per share. The minimum order quantity is 15 Shares.
The IPO opens on May 4, 2022, and closes on May 9, 2022.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in LIC IPO using UPI as a payment gateway. Zerodha customers can apply in LIC IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in LIC IPO through Zerodha
- Visit the Zerodha website and login to Console.
- Go to Portfolio and click the IPOs link.
- Go to the 'LIC IPO' row and click the 'Bid' button.
- Enter your UPI ID, Quantity, and Price.
- ‘Submit’ IPO application form.
- Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Zerodha IPO Application Process Review for more detail.
The LIC IPO opens on May 4, 2022 and closes on May 9, 2022.
LIC IPO lot size is 15 Shares, and the minimum amount required is ₹14,235.
You can apply in LIC IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for LIC IPO will be done on Thursday, May 12, 2022, and the allotted shares will be credited to your demat account by Monday, May 16, 2022. Check the LIC IPO allotment status.
The LIC IPO listing date is on May 17, 2022.
LIC IPO Message Board
4961 Comments
1826.Nimboo ka aachar| Link| Bookmark|June 17, 2022 4:39:36 PM
I have only 1 thing to say to all those who applied for long term and did not sell on listing day in this sandalwood IPO.
Pls remain invested in this sandalwood for the rest of your life.
Keep holding your lic shares 'jindagi ke saat bhi aur jindagi ke baad bhi.'
1826.1.ipo share| Link| Bookmark|June 18, 2022 7:27:12 AM
IPO Guru (1600+ Posts, 700+ Likes)
@Nimboo Ka Achar
I think what you are saying is absolutely true.
After creating false trap (pulling back to 700 level), LIC again resumed it's downward journey.
Doesn't seem to have formed any base yet. God knows where it will stop.
Very surprising that big investors are unable to foresee hidden valuation which Authorities have assumed while fixing it's pricing.
Who will solve this mystery?????
1825.Ipo tracker| Link| Bookmark|June 16, 2022 1:52:38 PM(500+ Posts, 200+ Likes)
You win by centimeters
But you lose by meters
1823.All Time High| Link| Bookmark|June 15, 2022 10:39:30 AM
Top Contributor (200+ Posts, 100+ Likes)
Sudden uptrend now (~30 up). 🤔🙄
1822.Jetha Lal| Link| Bookmark|June 13, 2022 4:21:37 PM IPO Guru (1000+ Posts, 2100+ Likes)
Many times I mentioned that there is no institution demand and massive downfall is inevitable in this junk sandalwood.
I was going through MF holding in LIC and I found that between 12th May 2022 i.e Listing to 31st May 2022 Mutual funds have "NET SOLD" 9,88,500 qty of LIC shares in this period.
Those must be those who either participated in QIB quota or bought post listing. June MF data will clear the whole picture but till that time it will be too late to exit. Mostly probably available in 500 range.
Anchor book has benn opened to supply and see the downfall now. The game has just begun. Let's see till when SBI MF will save this suicidal share.
Disclaimer: I am not an expert, I am just learner and observer.
i agree we are all students and observers,
a bulk deal to sell LIC will be at a substantial discount.. a large open sale order will trigger a circuit algos are quite smart nowadays the only entity purchasing in bulk will be a govt entity .. in case of a lower circuit
no one will try to clutch a falling knife!
1820.Bhaskar raj| Link| Bookmark|June 13, 2022 8:35:20 PM
LIC Share Update: निवेशकों का पैसा डूबोने के मामले में एशिया में नंबर वन बना एलआईसी का आईपीओ, 17 बिलियन डॉलर घटा मार्कैट कैप govt gift to poor investors
1819.Jetha Lal| Link| Bookmark|June 13, 2022 6:53:28 PM IPO Guru (1000+ Posts, 2100+ Likes)
A $17 Billion loss puts LIC IPO among top Asia wealth destroyer.
Just imagine what would have happened if they would have come with their earlier price band of Rs 2000/per share.
Say thanks to Putin to initiate Ukraine's demilitarization.
The management’s communication with investors is confusing. They haven’t held an analyst call after the results. So there is no clarity on how the company is planning to grow, what is going to be its strategy.
This sandalwood is really stinky.
1819.2.Jetha Lal| Link| Bookmark|June 13, 2022 8:10:54 PM IPO Guru (1000+ Posts, 2100+ Likes)
@ipo share ji
Today's Delivered quantity (NSE+BSE) is 34,39,719 which amounts to approx Rs 233 crores in value out of Rs 4,307 crores (total anchor portion).
Today supply is nothing in front of supply which is possible in near future.
Bulk is deal is never possible in LIC because to make bulk deal happen one has to buy shares worth Rs 2,113 crores because bulk deals means 0.5% of total value of company needs to buy/sell by an investor.
Block deal mostly happen two investors exchange shares in separate window on exchange and it mostly happen when promoter or big investor sell stake in open market with predetermined investor and price.
Bulk/block deal is not possible in LIC in near future.
Thank you 🙏
1816.B.M.SURANA| Link| Bookmark|June 13, 2022 9:52:49 AM IPO Guru (2700+ Posts, 5200+ Likes)
अंग्रेजी में पढ़े लिखे "एक्सपर्ट" अपने को तिस मार खां समझते हैं! यह बात स्पष्ट कर दूं Forum पर किसी को मैं व्यक्तिगत ना जानता हूँ ना मेरा को लेना देना है! यह भी बता दूँ मैं Chennai/ Raipur से हूँ! ऐजेंडा कौन चला रहा है सबको मालूम है! मेरा ऐजेंडा 1 ही था नये और भोले भाले निवेशकों को घाटे से बचाना! और अंग्रेज़ी के ऐक्सपर्ट मैं बार बार "महान" लोगों का नाम मेनसन नहीं करता!
[ Before buying or selling consult with your financial advisor and do your own research मै शेयर बाजार का विशेषज्ञ नहीं हूँ ]
1816.1.B.M.SURANA| Link| Bookmark|June 13, 2022 2:52:56 PM IPO Guru (2700+ Posts, 5200+ Likes)
कम पढ़े लिखे और हिन्दी मिडियम में पढ़े लोग मुर्ख होते हैं??? उनको क्या मालूम LIC की कीमत??? और कुछ कह रहे हैं जिनके पास LIC के शेयर नहीं है वो चित्तौड़गढ़ Forum में क्यों है❓ क्या कर रहे हैं??? शेयर बाजार में शेयर होना जरूरी नहीं मंदी [ Short Selling ] करके भी पैसा कमाया जा सकता है!
[ Khela Hobe??? Roj Khela ho Raha hai LIC के शेयर में आज तो कमाल ही हो गया ]
1815.1.B.M.SURANA| Link| Bookmark|June 13, 2022 2:33:11 PM IPO Guru (2700+ Posts, 5200+ Likes)
[ 5 ⭐⭐⭐⭐⭐ Hotel ka Paratha LIC ]
Taj Hotel Saturday Breakfast :
Gently browned, Delicately hand-rolled whole wheat pancakes Stuffed with a mixture of lightly spiced mashed potatoes,
Sauteed onions livened up with just a hint of chilli, Mint and Coriander, Topped with a swirl of Golden Butter
Accompaniments Fluffy yoghurt and young mangoes with spices,
Rs.2150/- + Taxes
(ALOO PARATHA + CURD + PICKLE)
Hindi Translation-
(आलू पराठा , दही और आचार )
1814.GJ 😀| Link| Bookmark|June 13, 2022 1:57:07 PM
IPO Mentor (1600+ Posts, 400+ Likes)
Nifty down by more than 3%, approx 500 points,
still, LIC is down by approx 5.5%
Anchor Investors' lock-in period is ended today and all of us were expecting heavy selling due to increased free float
still nothing like that (or kind of) happened
there are other stocks too, that fell more than or equal to LIC today
seems not so bad as what we were expecting
Load more comments (1 replies)
DIPAM Secretary Tuhin Kanta Pandey
LIC IPO met with tremendous success
LIC valuation is “fair and attractive”
expressed concern over fall in share prices of Life Insurance Corporation of India (LIC) and hoped that the insurer’s management would look into it.embedded value (EV) at the end of March will give a better picture of the insurer.
“The market has not got March EV hence it is conjecturing. Rate of future growth of insurance companies can only be assessed via EV.
“LIC would update its EV by June end,” the official said. As per the draft papers filed with Sebi, LIC’s EV was over ₹5.39 lakh crore as of September 2021.
The babu has questioned the markets logic and is now switching to IDBI disinvestment .. how will LIC rescue LIC ?? time will tell
1810.colcol| Link| Bookmark|June 13, 2022 10:28:51 AM Top Contributor (400+ Posts, 100+ Likes)
Many scrips are getting hammered in the market sell - off. However, unlike most of them, only LIC has enjoyed so much of institutional support. Many experts here were claiming that since LIC is a flagship IPO that will determine the future of the divestment programme, the government will pull out all the stops to ensure a bumper listing. The question is that if LIC can't find any buyers despite the best efforts of GoI, what will happen when it is left to fend for itself and more supply hits the market in the later divestment rounds ?
u cant fool all people all the time
LIC , NIACL, GIC , SCI look at all govt cos that have gone to IPO FPO etc right since Narsimha rao regime VERY FEW are IN THE MONEY most are in MASSIVE LOSSES
ONGC ipo happend at 725 during ATAL Behari regime ,, it is now at 160 ..
IDBI was first govt ipo i invested in , in losses now ,, sold at minor loss after some 10 yrs waiting
Govt treats psus as dustbins.puts its favourites in co boards. the psus have no right to earn , but ambani adani jindal essar etc have right to earn ,, this is not congress or bjp , sala govt ch** hai aur investing public ch*****..
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