LIC IPO Detail Review, Date, GMP, Price, Lot Size, Apply

Life Insurance Corporation of India (LIC) IPO will open on 4th May 2022. LIC is the oldest, largest and most profitable life insurance company in India.

Key Features of LIC IPO (Tentative)

• LIC IPO will be one of the largest IPOs ever launched in India till date.
• LIC IPO will open on 4th May 2022
• You can apply in this IPO from 4th May 2022 till 9th May 2022
• Issue Price band of the company is ₹ 902 to ₹ 949 per equity share.
• As per DRHP filed, LIC IPO comprises only an offer for sale (OFS) of 221, 374, 920 equity shares worth ₹ 21,008.48 Crores by Government of India.
• It has a minimum 15 shares in one lot and you have to spend a minimum ₹ 14,235 for 1 lot.
• The Government of India is looking to raise approx. ₹ 21,008.48 crores through this IPO.

What is LIC ?

• Incorporated on 1st September 1956, LIC is an insurance and investment company headquartered in Mumbai.
• LIC is owned by the Government of India.
• They have products like term plans, pension plans, investment plans and health plans.
• LIC works on agent modal and they have 13.5 lakhs active agents base.
• LIC manages AUM (Assets under management) of ₹ 39 lakh crores.
• As of 30 Sep 2021, LIC operates through 2048 branches with 113 divisional offices, 8 zonal offices and 1,554 satellite offices.
• Mr. M. R. Kumar is the chairman of LIC.
• On the revenue front, LIC has been profitable for the last 3 consecutive years. Positive sign for investors.

Grey Market Premium of LIC IPO GMP

• Grey market is an unregulated market to trade ipo shares before listing.
• LIC IPO price band is placed at ₹ 902 to ₹ 949.
• But the grey market premium of this share is currently 0.84% i.e. at ₹8.
• So the share price of LIC IPO in the grey market is ₹957 (₹949 + ₹8)

Click here to Get Details IPO Grey Market Premium (GMP) Live

LIC IPO Live Subscription Status

LIC IPO subscribed 2.95 times overall on it’s final day. (Retail – 1.99 times, QIB – 2.83 times, NII – 2.91 times)

Click here to Get Details IPO Subscription Status Live

LIC IPO Date, Lot Size, Allotment (Tentative)

LIC IPO Details

IPO Start Date	May 04, 2022
IPO Close Date	May 09, 2022
Fresh Equity Share Issue	NA
Offer For Sale (OFS) Equity Share	221, 374, 920 equity shares worth ₹21,008.48 Crores
Face Value	₹ 10 Per Equity Share
Price Band	₹ 902 – ₹ 949 Per Equity Share
Retail Quota Share	35 %
QIB Quota	50 %
NII Quota	15 %
Listing on	NSE & BSE
Employee Discount	₹ 45 per share
Retail Discount	₹ 45 per share
DRHP	View

LIC IPO Timetable

IPO Start Date	May 04, 2022
IPO Close Date	May 09, 2022
Basis of Share Allotment Date	May 12, 2022
Refunds Date	May 13, 2022
Credit of shares to Demat Account Date	May 16, 2022
IPO Listing Date	May 17, 2022

LIC IPO Lot Size

Minimum Lot Size	15 shares for 1 lot
Minimum Amount	₹ 14,235 For 1 Lot
Maximum Lot Size	210 Shares (14 Lot)
Maximum Amount	₹ 1,99,290 (For 14 Lot)

LIC IPO Financial Report (2019-2021)

Company is making profits for the last three years which is a strong positive sign for the investors.

Year	Revenue	Expense	PAT (Profit After Tax)
2021 (6M)	₹ 1520	₹ 0.25	₹ 1504
2021	₹ 2986	₹ 5.22	₹ 2974
2020	₹ 2731	₹ 1.24	₹ 2710
2019	₹ 2645	₹ 2.63	₹ 2627

LIC IPO – Basis of Allotment

• LIC IPO’s 50 % quota is reserved for the QIB category.
• 15 % quota is reserved for NII Category and
• 35 % quota is reserved for retail investors.

How to Apply in LIC IPO ?

• You can apply for the LIC IPO through the ASBA facility available in your bank account.
• Just login to your online banking. GO to the IPO section and apply for LIC IPO
• Also you can apply this IPO through your trading account
• One more way to apply in this IPO is through forms which you can download from NSE and BSE website.
• After downloading forms, fill it properly and submit it to the respective banks or to your broker.

How to apply for the LIC IPO through Zerodha?

• Login to your console in Zerodha through desktop or app.
• Then go to your portfolio and click on IPO.
• You will see LIC IPO
• Then click on the bid button.
• After this enter your UPI ID, price and quantity (lot size)
• Click the submit button.
• At last you have to go to your UPI app to approve the mandate.

How to apply for the LIC IPO through Upstox?

• Login to your Upstox account through desktop or app.
• You will see the name LIC IPO
• Then hit the bid button.
• Click the submit button.
• At last you have to go to your UPI app to approve the mandate.

LIC IPO Allotment Status

You can check LIC IPO allotment status on Registrar and Transfer Agent Website

Also you can check the allotment status on NSE Website

Other Information in LIC IPO

LIC Promoters

• The President of India
• Ministry of Finance
• Government of India

LIC IPO Lead Managers

• 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

LIC Contact Information

Life Insurance Corporation of India

Yogakshema, Jeevan Bima Marg
Nariman Point, Mumbai 400 021,

• Phone: +91 22 6659 8732
• Email: Investors@licindia.com
• Website: http://www.licindia.in/

LIC IPO Registrar Contact Information

KFintech Private Limited

• Phone: 04067162222, 04079611000
• Email: lic.ipo@kfintech.com
• Website: https://karisma.kfintech.com/

Paisa kaudi recommendation on LIC IPO

LIC is the largest insurance company in India. LIC is the most awaited IPO in India. Revenue wise LIC is in profits from last 3 consecutive years. Price range is convincing. One must go for this IPO.

Keep checking the GMP for more clear picture.

I hope this covers all the points on LIC IPO.

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