LIC IPO date is scheduled to open on 4 May 2022. The IPO price band is set at INR902 – 949 per share. There are no fresh shares being issued and all shares in the mega issue will be offered by the Government of India through Offer For Sale (OFS).
Promoters of LIC – President of India, acting through the Ministry of Finance, Government of India
LIC Business Description
LIC is the largest life insurer in India with a 64.1% market share in terms of Gross Written Premium (GWP), a 66.2% market share in terms of New Business Premium (NBP), a 74.6% market share in terms of number of individual policies issued, an 81.1% market share in terms of number of group policies issued for Fiscal 2021, as well as by the number of individual agents (1.35 million), which comprised 55% of all individual agents in India as at March 31, 2021.
The company is the largest asset manager in India as at September 30, 2021, with AUM (comprising policyholders’ investment, shareholders’ investment and assets held to cover linked liabilities) of INR39,558,929.24 million on a standalone basis, which was more than 3.3 times the total AUM of all private life insurers in India and approximately 16.2 times more than the AUM of the second-largest player in the Indian life insurance industry in terms of AUM.
The company’s brand, LIC, was recognised as the third strongest and 10th most valuable global insurance brand as per the “Insurance 100 2021 report” released by Brand Finance. As at September 30, 2021, its individual product portfolio in India comprised 32 individual products (17 participating products and 15 non-participating products) and seven individual riders.
LIC IPO Date, Size & Price Band
| LIC IPO Date | 4 – 9 May 2022 |
| IPO Price Band | INR902 – 949 per share Discount – INR45 per share for retail investors & employees Discount – INR60 per share for policyholders |
| Fresh issue | NIL |
| Offer For Sale | 221,374,920 shares (INR19,552.15 – 20,592.61 crore) |
| Total IPO size | 221,374,920 shares (INR19,552.15 – 20,592.61 crore) |
| Minimum bid (lot size) | 15 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
LIC’s Financial Performance
| FY2019 | FY2020 | FY2021 | 9M FY2022 | |
| Total Income | 570,809.6 | 645,605.5 | 703,709.4 | 512,279.2 |
| Surplus | (2,416.1) | (10,148.9) | 3,861.8 | 1,642.8 |
| Transfer to Shareholders’ Account | 2,599.5 | 2,695.5 | 2,962.6 | 1,637.8 |
| Profit After Tax | 2,627.4 | 2,710.5 | 2,974.1 | 1,715.3 |
LIC Offer News
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- LIC RHP
- LIC DRHP
LIC Public Offer Timetable
| IPO Opening Date | 4 May 2022 |
| IPO Closing Date | 9 May 2022 |
| Finalisation of Basis of Allotment | 13 May 2022 |
| Initiation of refunds | 14 May 2022 |
| Transfer of shares to demat accounts | 16 May 2022 |
| Listing Date | 17 May 2022 |
| Opening Price on NSE | INR872 per share (down 3.54% from retail allotment price) |
| Closing Price on NSE | INR875.25 per share (down 3.18% from retail allotment price) |
LIC Valuations & Margins
| FY2019 | FY2020 | FY2021 | 9M FY2022 | |
| EPS | 4.15 | 4.29 | 4.70 | 2.71 |
| PE ratio | – | – | – | – |
| RONW (%) | 322.25 | 317.14 | 45.65 | 20.84 |
| ROCE (%) | – | – | – | – |
| EBITDA (%) | – | – | – | – |
| Debt/Equity | – | – | – | – |
| NAV | 1.29 | 1.35 | 10.30 | 13.01 |
LIC IPO Subscription – Live Updates
| Category | Shares Offered | Day 1 | Day 2 | Day 3 | Day 4 | Day 5 | Day 6 |
| QIB | 3,95,31,236 | 0.33 | 0.40 | 0.55 | 0.67 | 0.67 | 2.83 |
| NII | 2,96,48,427 | 0.25 | 0.44 | 0.67 | 1.08 | 1.22 | 2.91 |
| Retail | 6,91,79,663 | 0.56 | 0.87 | 1.18 | 1.46 | 1.58 | 1.97 |
| Employee | 15,81,249 | 1.03 | 2.05 | 2.93 | 3.54 | 3.77 | 4.35 |
| Policyholder | 2,21,37,492 | 1.84 | 2.90 | 3.86 | 4.67 | 5.02 | 6.04 |
| Total | 16,20,78,067 | 0.62 | 0.97 | 1.32 | 1.65 | 1.78 | 2.93 |
LIC IPO Allotment
LIC IPO allotment is now available on KFin Technologies’ website. Click on this link to get allotment status.
LIC Offer Registrar
Kfin Technologies Private Limited
Selenium Tower B, Plot 31 & 32
Gachibowli Financial District
Nanakramguda, Serilingampally
Hyderabad 500 032, Telangana
Phone: +91 40 6716 2222
Email: [email protected]
Website: www.kfintech.com.com
LIC Contact Details
Life Insurance Corporation of India
Yogakshema, Jeevan Bima Marg,
Nariman Point,
Mumbai 400 021,
Phone: +91 22 6659 8732
Email: [email protected]
Website: www.licindia.in
LIC Offer FAQs
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
The best way to apply in LIC IPO is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
LIC IPO opens on 4 May 2022 and closes on 9 May 2022.
LIC IPO allotment is expected to be finalized by 12 May 2022.
LIC IPO listing date is 17 May 2022.
