IPO Status: Closed [4th May 2022 to 9th May 2022]
LIC, India's only state-owned insurance company IPO is on the deck. The government is looking to disinvest through an offer for sale (OFS) of 20,557 Cr. LIC IPO opens for subscription from 4 May to 9 May 2022. It is a book building IPO and issue price is fixed at Rs. 902-Rs. 949 per share and one can apply for the lot size of 51 shares and its multiples. The company offers a retail discount of 45 per share to all retail investors. Scroll down the page to get the complete details of LIC IPO Details 2022 including its business overview, pros and cons, company's financials, important dates, allotment, and more.
LIC IPO constitutes an employee reservation of 1,581,249 equity shares and offers an employee discount of Rs. 45 per share.
LIC IPO issue offers 10% policyholders reservation quota of 22,137,492 equity shares for eligible policyholders. The company offers a policyholders discount of Rs. 60 per share. If you are a LIC Policyholder by the cut-off date of 13 Feb 22, (DRHP filing date), then link your PAN number with your LIC policy now to become an eligible policyholder to apply under the policyholders reservation category. The record date to update PAN with LIC policy was 28 Feb 22.
|IPO Issue Opening Date:||4th May 2022|
|IPO Issue Closing Date:||9th May 2022|
|IPO Issue Price:||₹902-949 Per Share|
|IPO Listing At:||BSE, NSE|
|IPO Issue Type:||Book Build Issue|
|IPO Issue Size:||₹20,557 Cr|
|Offer for Sale:||221,374,920 equity shares|
|Face Value:||₹10 Per Equity Share|
|IPO Discount:||LIC Retail & Employee Discount: ₹45 per share
LIC Policyholders Discount: ₹60 per share
|Promoter Holding Pre IPO:||100%|
|Promoter Holding Post IPO:||96.50%|
|Allotment Status:||Allotment Status|
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In this section we have covered all important dates related to LIC IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.
|IPO Issue Open||4th May 2022|
|IPO Issue Close||9th May 2022|
|Basis of Allotment Date*||12th May 2022|
|Refunds Initiation*||13th May 2022|
|Credit of Shares to Demat*||16th May 2022|
|IPO Listing Date*||17th May 2022|
* - Tentative Dates
|Market Lot:||15 Shares|
|1 Lot Amount:||₹14235|
|Max Retail Lots:||210 shares (14 lots)|
|Min HNI Lots:||225 shares (15 lots)|
LIC is the dominant market player in the Indian insurance industry with 64.1% market share in terms of Gross writtern premium (GWP) and 66.2% market share in terms of New Businesss Premium (NBP) in Fiscal 2021. It is enjoying the monopoly position and brand reputation of the most trusted insurance company. The product portfolio of the company comprises life insurance plans, health insurance plans, investment management, and mutual funds. LIC has a number of insurance plans such as LIC Term Plans, LIC Pension Plans, LIC Child Plans, LIC Endowment Plans, LIC Whole Life Plans, LIC Money Back Plans, etc.
It is also recognized as the 3rd strongest and 10th most valuable global insurance brand. The business has an overseas market presence with having branch offices in Fiji, the UK, Bahrain, Kuwait, Qatar, Oman, Kenya, Mauritius, Nepal, Sri Lanka, Singapore, Bangladesh, New Zealand, etc.
LIC has a omni-channel distribution platform including insurance agents, bancassurance partners, alternate channels, digital sales, Micro Insurance agents, and Point of Sales Persons-Life Insurance scheme. As of December 31, 2021, the company has approximately 1.33 million individual agents, 2048 branch offices, and 1559 satellite offices in 91% of districts in India.
|Category||No. of Shares||Upper end (in Rs. Cr)||Size (%)|
|Incorporation||Sector||IPO Issue Size||Website|
The fund raised through the LIC IPO will be utilized towards the following purposes;
The table below is live update of IPO bidding details from NSE and BSE.
|# of Shares Offered||39,531,236 (24.39%)||29,648,427 (18.29%)||69,179,663 (42.68%)||1,581,249||22,137,492||162,078,067||1||4th May 2022 19:02||0.33x||0.27x||0.60x||1.17x||1.99x||0.67x||2||5th May 2022 19:02||0.40x||0.47x||0.93x||2.22x||3.11x||1.03x||3||6th May 2022 19:02||0.56x||0.76x||1.23x||3.06x||4.01x||1.38x||4||7th May 2022 19:02||0.67x||1.08x||1.46x||3.54x||4.67x||1.66x||5||8th May 2022 19:02||0.67x||1.24x||1.59x||3.79x||5.04x||1.79x||6||9th May 2022 19:02||2.83x||2.91x||1.99x||4.40x||6.12x||2.95x|
Past performance and financial results of LIC.
|LIC IPO Financials (₹ in Cr)||31-Dec-2021||31-Mar-2021||31-Mar-2020||31-Mar-2019|
Last Updated on 2022-05-17T11:07:00+00:00
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase LIC IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply LIC IPO with Zerodha.
Alternate approch to apply in LIC IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
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To subscribe or apply in LIC IPO, you can use the following methods:
|LIC IPO Applying Mode||Method||Details|
|Online Application||3-in-1 Trading Account|
If your broker is 3-in-1 service provider, you can apply in LIC IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.
|Online Application||2-in-1 Trading Account|
Brokers like Zerodha, TradeSmart Online provides access to applying in LIC IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.
This is one of the most popular mode of applying in LIC IPO. Most of the Syndicate Banks provide access to apply in LIC IPO via ASBA process. You must have your net banking access, DP ID information to apply in LIC IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.
|Offline Application||Physical Form|
You can apply in LIC IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.
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Applying in LIC IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download LIC IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply LIC IPO, please refer article >> Link
Steps to download the online application form for LIC IPO
Other relevant questions:How to fill LIC IPO form? How to fill LIC IPO form online? LIC IPO online form? LIC IPO online form fill up? LIC IPO blank form download? LIC IPO bid form? LIC IPO full form? LIC IPO form nse? LIC IPO form bse? LIC IPO form online? LIC IPO form print? LIC IPO application amount?
LIC IPO is going to be list on 17-05-2022. NSE Code for LIC is LICI. BSE Code for LIC is 543526.
Other relevant questions:When LIC IPO will be listing? LIC IPO NSE listing date?LIC IPO date of listing.LIC IPO BSE listing date?
LIC IPO Allotment Date is 12-05-2022.
Other relevant questions:LIC IPO share allotment date?LIC IPO allotment date?
If you are a policyholder then link your PAN card at the earliest to become eligible policyholders. The cut-off date to have LIC policy is 13 Feb 22 and the last date to register PAN card with your LIC policy is 28 Feb 22. Here are the steps explained on how to link a PAN card to your LIC Policy;
Linking LIC Policy with PAN card process;
If you have successfully completed the above steps, then it is important to check the PAN card status online to know whether it is successfully linked to your LIC policy or not. Policyholders can check the PAN linking status online through the LIC’s official website.
Steps to check PAN card availability status in LIC policy;
LIC, the country’s biggest insurer company’s IPO has a policyholders’ reservations of 10%. Any person who has atleast one LIC Policy by record date, 13 Feb 22 (DRHP filling date), and have registered their PAN card number to the policy by the record date, 28 Feb 22 will be eligible policyholders. They can subscribe to the LIC IPO under the policyholder’s reservation quota.
LIC, India’s biggest public insurer has fixed the cut-off date, 13 Feb 22 to have a LIC policy. One who has an insurance policy must link their PAN card number to the LIC policy online through its official UID Seeding web app by 28 Feb 22 to become an eligible policyholder.
If you have a LIC Policy but have not updated PAN details by 28 Feb 22 will not be considered as eligible policyholders to subscribe to the LIC IPO.
LIC is India’s biggest public insurance company with a 64.1% market share in terms of premium. LIC IPO is going to be India’s biggest IPO on boards with an embedded value of Rs. 5.4 trillion. Currently, LIC is fully owned by the Government of India (GOI) and is looking to disinvest around 5% stake through an offer for sale. Check out the key facts about LIC to decide how good is LIC IPO? Or is it worth buying LIC IPO?
To apply under the Policyholders reservation portion category, policy papers must be issued on or before the date of DRHP filling, 13 Feb 2022. Having a policy with LIC doesn’t qualify you as an eligible policyholder as it is also important to register your PAN card with the insurance policy by 28 Feb 22 to apply to the IPO under the Policyholders reservation category. It is necessary that you should not have exited by way of surrender, maturity, or death claim on the IPO offer opening date.
LIC IPO have 10% reservation of 22,137,492 equity shares for eligible policyholders. Eligible Policyholders can place a maximum bid amount of upto Rs. 200,000(net of policyholders discount) under the LIC IPO Policyholder Reservation Portion. They are also allowed to apply in the retail category with a maximum bid amount of Rs. 200,000 thus, LIC Policyholders can place 2 application with a maximum bid amount of Rs. 2 lakh + Rs. 2 Lakh = Rs. 4 Lakh. Policyholders can apply to the LIC IPO at the cut-off price and the bid amount will be the cap price.
If the LIC IPO policyholders reservation category is oversubscribed (application exceeds the shares offered) than the allotment will be done on a proportionate basis, provided the value of allocation to an Eligible Policyholder will not exceed the bid limit of Rs. 200,000 (net of Policyholder Discount). Thus, policyholder who apply for the LIC IPO shares will get the allotment but the quantity of shares will be depend on the extent of policyholder reservation portion's oversubscription.
Policyholders have to meet the following two conditions to meet the eligibility criteria to apply under the policyholder's reservation category.
Eligible policyholders who have a Trading & Demat account with any broker can apply for the LIC IPO.
LIC IPO issue have not less than 35% of the issue size reserved for retail institutional bidders (RIBs). Retail investors can bid upto a maximum bid amount of Rs. 200,000 and entitled to apply at cut-off price. The company offers retail investors a discount of Rs. 45 per share. The maximum amount to bid under the retail category is 14 lots * 15 shares in one lot * 949 equals to the maximum bid amount for retail investors to Rs. 199,290 with net bid value of Rs. 189840, net of employees discount. Retail investors can place a bid for atleast 1 IPO lot.
If the issue is oversubscribed, then allotment to each RIB will not be less than the minimum bid lot, subject to shares offered in the retail portion, and remaining shares if any will be allotted on a proportionate basis.
Permanent employees of LIC or its subsidiary companies or director who are working in India and continue to be an employee or directors during the IPO bid-offer opening period will be qualified as an eligible employees.
Eligible Employees can subscribe to the LIC IPO under the Employees Reservation category with a maximum bid amount of upto Rs. 200,000.
No, if you have a joint life policy with LIC then any one of the two policyholders will be eligible to apply as a policyholder under the Policyholder Reservation Portion category. Whoever among the two is applying for the IPO must have PAN linked with the policy in LIC records. Applicant or bidder also have a Demat account in his/her name, or if you have a joint Demat account then applicant policyholder must be the first or primary holder.
No, the allotment to LIC IPO applicants as policyholders is not guaranteed as it depends on the competitive bidding and subscription under the category. The issue has approximately 10% reserved for eligible policyholders.
Whether LIC IPO will be profitable or not is unpredictable. It is the largest IPO that is going public soon to list on the BSE and NSE. The LIC IPO listing gains depends on several factors such as follows:
LIC IPO constitutes an employee reservation of 1,581,249 equity shares with the net issue size of 143 cr. The IPO comprises an employee discount of Rs. 45 per share to all eligible employee applying under the employee reservation category. Eligible employees of LIC can apply under the Employee Reservation category at the cut-off price and the bid amount at the upper cap will be locked. The maximum bid amount by eligible employees will not exceed Rs. 200,000 (net of employees discount).
LIC has fixed 28 Feb 22 as the record to register PAN card with your policy. The record date here is the last date to link PAN card with LIC policy to become an eligible policyholders. Policyholders can link PAN card with their insurance policy on the LIC UID Seeding web platform and check Policy PAN status online.
LIC IPO public issue have upto 10% reservation for its policyholders. The company has offered the discount of Rs 60 per share for eligible policyholders under the Policyholders reservation category. It is around a 6.32% LIC IPO discount for policyholders.
LIC policyholders can link PAN card in LIC policy online on the LIC UID Seeding Web App platform. Here is the link to register PAN card with your policy. You just need to fill out some basic details like PAN card number, mobile number, DOB as per PAN, policy number, etc. and enter the OTP.
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