LIC IPO will be one of the biggest IPO ever in India The biggest IPO till date is recorded by Paytm but now after LIC IPO hit the market, this record will be of LIC IPO.
The Government insurance company LIC IPO is ready to hit the market 04 May 2022 and closes on 09 May 2022. according to the RHP draft, a total of 221,374,920 crore shares of LIC will be issued through offer for sale. There will be no fresh issue of LIC IPO.
LIC IPO Latest Update :
- Government may reduce LIC IPO size by 40%: Report
- LIC IPO: Centre amends FEMA rules to allow 20% FDI in insurer
- LIC gets Sebi approval to launch India’s biggest ever IPO Date 09 Mar 2022
- Govt may review timing of LIC IPO amid Ukraine crisis: FM Sitharaman
- Presenting the budget for LIC’s IPO on 1 February, Finance Minister Nirmala Sitharaman announced that the government wants to reduce its 100% stake in LIC. To sell this stake, the government is going to adopt the route of IPO, according to the draft submitted with SEBI, a separate share is being reserved for the policyholders of LIC in this IPO. In the draft, it has been proposed to reserve 10 percent i.e. about 3.16 crore shares for the policy holders of LIC.
- How to Link Pan card with LIC Policy to Invest LIC IPO
- LIC IPO will be India’s biggest IPO ever Market is speculating to open IPO within mid-March.
The Government insurance company LIC IPO will open on 04 May 2022 and closes on 09 May 2022.. The company wants to raise ₹20,557.00 crore Approx through this IPO. The IPO will have a fresh issue of ₹- crore and an offer for sale Approx of ₹20,557.00 crore. The company fixed the price band of this IPO at ₹902 to ₹949 Per Share. The company has reserved 50% for QIB, 35% for retail and 15% for NII in this IPO. You can check here to know LIC IPO GMP and LIC IPO subscription status here.
The Life insurance Corporation (LIC) of India was established on 1 September 1956 headquartered in the city of Mumbai. LIC is India’s only government-owned insurance provider company. They are providing life insurance in India for more than 65 years and is the largest life insurer company in India. LIC was formed by merging and nationalizing 245 private life insurance companies in India on September 1, 1956, with an initial capital of ₹50.00 million. From our Corporation’s incorporation until 2000, we were the only life insurer in India.
The 64.1% market share in terms of premiums (or GWP), a 66.2% market share in terms of New Business Premium (or NBP), a 74.6% market share in terms of number of individual policies issued, a 81.1% market share in terms of number of group policies issued for Fiscal 2021, as well as by the number of individual agents, which comprised 55% of all individual agents in India as at March 31, 2021.
The Currently LIC functions with 2048 fully computerized branch offices, 8 zonal offices, around 113 divisional offices, 2,048 branches and 1408 satellite offices and the Central Office. it also has 73 customer zones and 25 metro-area service hubs located in different cities and towns of India. It also has a network of 1,537,064 individual agents, 342 Corporate Agents, 109 Referral Agents, 114 Brokers and 42 Banks for soliciting life insurance business from the public.
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LIC IPO Review :
■ Apply for Long Term
LIC IPO Date & Price Band & Details :
| IPO Open : | 04 May 2022 |
| IPO Close : | 09 May 2022 |
| IPO Size : | ₹20,557.00. Approx Cr |
| Face Value : | ₹10 Rs. Equity Share |
| Price Band : | ₹902–₹949 Per Share |
| Listing On : | BSE, NSE |
| Issue Size : | ₹20,557.00. Approx Cr |
| Fresh Issue : | ₹- Cr |
| Offer For Sale : | ₹20,557.00. Cr |
| Discount : | RII – ₹45, EMP – ₹60 |
LIC IPO Market Lot :
LIC IPO Minimum Market lot is 1 Lot with 15 shares with ₹14,235 Application amount. The retail investors can apply up to 14 lots with 210 Shares or ₹199,290 amounts.
| Minimum Lot Size : | 1 Lot |
| Minimum Share : | 15 Shares |
| Minimum Amount : | ₹14,235 |
| Maximum Lot Size : | 14 Lot |
| Maximum shares : | 210 Shares |
| Maximum Amount : | ₹199,290 |
LIC IPO Shares Offer :
A Total of 221,374,920 shares are to be bid for the public issue by LIC IPO with N/A for Fresh issue and 221,374,920 for offer for sale Shares.
| Category | Shares Offers | Amount |
| Fresh issue : | – | ₹– |
| Offer For Sale : | 221,374,920 | ₹21,008.48 Cr |
| Total : | 221,374,920 | ₹21,008.48 Cr |
LIC IPO Reservation :
LIC IPO Total Reservation of 221,374,920 shares are to be bid for the public issue by LIC IPO with 98,828,089 for QIB and 29,648,427 for NII 69,179,663 For RII & 1,581,249 Shares EMP.
| Category | Reservation | Shares | Amount |
| QIB : | 50% | 98,828,089 | ₹937.97 Cr |
| NII : | 15% | 29,648,427 | ₹281.46 Cr |
| RII : | 35% | 69,179,663 | ₹625.48 Cr |
| EMP : | – % | 1,581,249 | ₹143.00 Cr |
| PHRP : | – % | 22,137,492 | ₹196.80 Cr |
| Total : | 100% | 221,374,920 | ₹20431.40 Cr |
LIC IPO EPS :
The LIC company’s EPS growth is Increasing every year, which is shown to you in the table here.
| Year | EPS Growth in (Rs.) |
| 2022-6M | ₹2.38 |
| 2022 | ₹4.70 |
| 2020 | ₹4.29 |
| 2019 | ₹4.15 |
LIC IPO Peer Comparison PE :
The LIC IPO, According to DRHP of the company some company is listed whose PE Multiple is shown in this table.
| Sr. No. | Company | PE Ratio |
| 1. | SBI Life Insurance Company Limited | 81.46 |
| 2. | HDFC Life Insurance Company Limited | 94.26 |
| 3. | ICICI Prudential Life Insurance Company Limited | 81.83 |
LIC IPO Dates :
LIC IPO Date is 04 May 2022 and closes on 09 May 2022. The allotment will be finalized on 12 May 2022 and the IPO may list on 17 May 2022.
| Open Date : | 04 May 2022 |
| Close Date : | 09 May 2022 |
| Allotment Date : | 12 May 2022 |
| Refund Date : | 13 May 2022 |
| Share Credit Date : | 16 May 2022 |
| Listing Date : | 17 May 2022 |
LIC IPO Form :
There are two ways to apply in LIC IPO. You can apply for LIC IPO through ASBA available in your bank account. You have to go to your online bank login and select LIC IPO in the Invest section and apply through your bank account. Another option is you can apply for LIC IPO through IPO form download through NSE and BSE. See the LIC IPO Form – Download the NSE Form and BSE Form IPO Form, fill it, and submit it to your bank or your broker.
LIC Company Financial Report ( in millions) :
| Year | Revenue | Expense | PAT |
| 2022-6M | ₹15,197.24 | ₹2.48 | ₹15,040.13 |
| 2021 | ₹29,855.71 | ₹52.24 | ₹29,741.39 |
| 2020 | ₹27,309.56 | ₹124.40 | ₹27,104.78 |
| 2019 | ₹26,449.96 | ₹26.31 | ₹26,273.78 |
About LIC Company :
Source LIC Official The story of insurance is probably as old as the story of mankind. The same instinct that prompts modern businessmen today to secure themselves against loss and disaster existed in primitive men also. They too sought to avert the evil consequences of fire and flood and loss of life and were willing to make some sort of sacrifice in order to achieve security. Though the concept of insurance is largely a development of the recent past, particularly after the industrial era – past few centuries – yet its beginnings date back almost 6000 years.
Life Insurance in its modern form came to India from England in the year 1818. Oriental Life Insurance Company started by Europeans in Calcutta was the first life insurance company on Indian Soil. All the insurance companies established during that period were brought up with the purpose of looking after the needs of European community and Indian natives were not being insured by these companies. However, later with the efforts of eminent people like Babu Muttylal Seal, the foreign life insurance companies started insuring Indian lives. But Indian lives were being treated as sub-standard lives and heavy extra premiums were being charged on them.
Bombay Mutual Life Assurance Society heralded the birth of first Indian life insurance company in the year 1870, and covered Indian lives at normal rates. Starting as Indian enterprise with highly patriotic motives, insurance companies came into existence to carry the message of insurance and social security through insurance to various sectors of society. Bharat Insurance Company (1896) was also one of such companies inspired by nationalism. The Swadeshi movement of 1905-1907 gave rise to more insurance companies.
The United India in Madras, National Indian and National Insurance in Calcutta and the Co-operative Assurance at Lahore were established in 1906. In 1907, Hindustan Co-operative Insurance Company took its birth in one of the rooms of the Jorasanko, house of the great poet Rabindranath Tagore, in Calcutta. The Indian Mercantile, General Assurance and Swadeshi Life (later Bombay Life) were some of the companies established during the same period. Prior to 1912 India had no legislation to regulate insurance business. In the year 1912, the Life Insurance Companies Act, and the Provident Fund Act were passed.
The Life Insurance Companies Act, 1912 made it necessary that the premium rate tables and periodical valuations of companies should be certified by an actuary. But the Act discriminated between foreign and Indian companies on many accounts, putting the Indian companies at a disadvantage.
The first two decades of the twentieth century saw lot of growth in insurance business. From 44 companies with total business-in-force as Rs.22.44 crore, it rose to 176 companies with total business-in-force as Rs.298 crore in 1938. During the mushrooming of insurance companies many financially unsound concerns were also floated which failed miserably. The Insurance Act 1938 was the first legislation governing not only life insurance but also non-life insurance to provide strict state control over insurance business. The demand for nationalization of life insurance industry was made repeatedly in the past but it gathered momentum in 1944 when a bill to amend the Life Insurance Act 1938 was introduced in the Legislative Assembly.
However, it was much later on the 19th of January, 1956, that life insurance in India was nationalized. About 154 Indian insurance companies, 16 non-Indian companies and 75 provident were operating in India at the time of nationalization. Nationalization was accomplished in two stages; initially the management of the companies was taken over by means of an Ordinance, and later, the ownership too by means of a comprehensive bill.
The Parliament of India passed the Life Insurance Corporation Act on the 19th of June 1956, and the Life Insurance Corporation of India was created on 1st September, 1956, with the objective of spreading life insurance much more widely and in particular to the rural areas with a view to reach all insurable persons in the country, providing them adequate financial cover at a reasonable cost.
LIC had 5 zonal offices, 33 divisional offices and 212 branch offices, apart from its corporate office in the year 1956. Since life insurance contracts are long term contracts and during the currency of the policy it requires a variety of services need was felt in the later years to expand the operations and place a branch office at each district headquarter. Re-organization of LIC took place and large numbers of new branch offices were opened.
As a result of re-organisation servicing functions were transferred to the branches, and branches were made accounting units. It worked wonders with the performance of the corporation. It may be seen that from about 200.00 crores of New Business in 1957 the corporation crossed 1000.00 crores only in the year 1969-70, and it took another 10 years for LIC to cross 2000.00 crore mark of new business. But with re-organisation happening in the early eighties, by 1985-86 LIC had already crossed 7000.00 crore Sum Assured on new policies.
Today LIC functions with 2048 fully computerized branch offices, 113 divisional offices, 8 zonal offices, 1381 satallite offices and the Corporate office. LIC’s Wide Area Network covers 113divisional offices and connects all the branches through a Metro Area Network. LIC has tied up with some Banks and Service providers to offer on-line premium collection facility in selected cities. LIC’s ECS and ATM premium payment facility is an addition to customer convenience.
Apart from on-line Kiosks and IVRS, Info Centres have been commissioned at Mumbai, Ahmedabad, Bangalore, Chennai, Hyderabad, Kolkata, New Delhi, Pune and many other cities. With a vision of providing easy access to its policyholders, LIC has launched its SATELLITE SAMPARK offices. The satellite offices are smaller, leaner and closer to the customer. The digitalized records of the satellite offices will facilitate anywhere servicing and many other conveniences in the future.
LIC continues to be the dominant life insurer even in the liberalized scenario of Indian insurance and is moving fast on a new growth trajectory surpassing its own past records. LIC has issued over one crore policies during the current year. It has crossed the milestone of issuing 1,01,32,955 new policies by 15th Oct, 2005, posting a healthy growth rate of 16.67% over the corresponding period of the previous year.
From then to now, LIC has crossed many milestones and has set unprecedented performance records in various aspects of life insurance business. The same motives which inspired our forefathers to bring insurance into existence in this country inspire us at LIC to take this message of protection to light the lamps of security in as many homes as possible and to help the people in providing security to their families.
Some of the important milestones in the life insurance business in India are :
- 1818: Oriental Life Insurance Company, the first life insurance company on Indian soil started functioning.
- 1870: Bombay Mutual Life Assurance Society, the first Indian life insurance company started its business.
- 1912: The Indian Life Assurance Companies Act enacted as the first statute to regulate the life insurance business.
- 1928: The Indian Insurance Companies Act enacted to enable the government to collect statistical information about both life and non-life insurance businesses.
- 1938: Earlier legislation consolidated and amended to by the Insurance Act with the objective of protecting the interests of the insuring public.
- 1956: 245 Indian and foreign insurers and provident societies are taken over by the central government and nationalised. LIC formed by an Act of Parliament, viz. LIC Act, 1956, with a capital contribution of Rs. 5 crore from the Government of India.
The General insurance business in India, on the other hand, can trace its roots to the Triton Insurance Company Ltd., the first general insurance company established in the year 1850 in Calcutta by the British.
Some of the important milestones in the general insurance business in India are :
- 1907: The Indian Mercantile Insurance Ltd. set up, the first company to transact all classes of general insurance business.
- 1957: General Insurance Council, a wing of the Insurance Association of India, frames a code of conduct for ensuring fair conduct and sound business practices.
- 1968: The Insurance Act amended to regulate investments and set minimum solvency margins and the Tariff Advisory Committee set up.
- 1972: The General Insurance Business (Nationalisation) Act, 1972 nationalised the general insurance business in India with effect from 1st January 1973.
- 107 insurers amalgamated and grouped into four companies viz. the National Insurance Company Ltd., the New India Assurance Company Ltd., the Oriental Insurance Company Ltd. and the United India Insurance Company Ltd. GIC incorporated as a company.
Our Company Strengths :
- Fifth largest life insurer globally by GWP and the largest player in the fast growing and underpenetrated Indian life insurance sector.
- Trusted brand and a customer-centric business model.
- Cross-cyclical product mix that caters to diverse consumer needs and an individual product portfolio that is dominated by participating life insurance policies.
- Presence across India through an omni-channel distribution network with an unparalleled agency force.
- Harnessing technology capabilities to support customer connect and drive operating efficiencies.
- Largest asset manager in India with an established track record of financial performance and profitable growth.
- Robust risk management framework.
- Highly experienced and qualified management team, distinguished Board and strong corporate governance framework.
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Company Promoters :
■ Mangalam Ramasubramanian Kumar – Whole-time Chairperson
■ Pankaj Jain – Government Nominee Director
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
LIC IPO Lead Managers :
■ Kotak Mahindra Capital Company Limited
■ Axis Capital Limited
■ BofA Securities India Limited
■ Citigroup Global Markets India Private Limited
■ Nomura Financial Advisory And Securities (India) Pvt Ltd
■ Goldman Sachs (India) Securities Private Limited
■ ICICI Securities Limited
■ JM Financial Consultants Private Limited
■ J.P. Morgan India Private Limited
■ SBI Capital Markets Limited
LIC IPO Registrar :
KFin Technologies Private Limited
Selenium, Tower B, Plot No- 31 and 32
Gachibowli, Financial District
Nanakramguda, Serilingampally
Hyderabad 500 032
Telangana, India
Tel: +91 40 6716 2222
E-mail: [email protected]
Investor Grievance ID:[email protected]
Website: www.kfintech.com
Note: Check LIC IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
Life Insurance Corporation of India
Yogakshema, Jeevan Bima Marg
Nariman Point, Mumbai 400 021,
Maharashtra, India
Phone: +91 22 6659 8732
Email: [email protected]
Website: https://licindia.in/
LIC IPO FAQs :
What is LIC IPO?
LIC IPO is Mainboard IPO. They are going to raise ₹20,557.00. Crores via IPO. The issue is priced at ₹902-₹949 per equity share. The IPO is to be listed on NSE, BSE.
When LIC IPO will open?
The IPO is to open on 04 May – 09 May 2022 for QIB, NII & RII.
What is LIC IPO Size?
LIC IPO size is ₹20,557.00 Crores.
What is the Fresh issue size of LIC IPO?
The Fresh issue size of LIC IPO ₹- Cr.
What is the Offer For Sale size of LIC IPO?
The Offer For Sale size of LIC IPO ₹20,557.00 Cr.
What is LIC IPO Price Band?
LIC IPO Price Band is ₹902-₹949 Per share.
What is LIC IPO Minimum and Maximum Lot Size?
The minimum bid is 1 Lot, 15 Shares with ₹14,235 amount while the maximum bid is 14 Lot, 210 shares with ₹199,290.
What is LIC IPO Investors Portion?
The investors’ portion for QIB 50%, NII 15%, RII 35%.
What is LIC IPO Allotment Date?
LIC IPO allotment date is 12 May 2022.
What is LIC IPO Listing Date?
LIC IPO listing date is 19 May 2022. The IPO to list on NSE, BSE.
How to Apply the LIC IPO through Zerodha?
Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “LIC IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the LIC IPO through Upstox?
Log in to Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “LIC IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the LIC IPO through Groww?
Log in to Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “LIC IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the LIC IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest is IPOs Section and Click on IPO. You will see the IPO Name “LIC IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
| LIC IPO GMP: Click Here LIC IPO Subscription: Click Here LIC IPO Allotment: Click Here LIC IPO Listing: Click Here |
All LIC IPO-related links are available here. If you want to know the details then click on Click Here Link.
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