Everything You Need To Know About LIC IPO

LIC IPO: If everything goes well for the IPO, it will dethrone Paytm to become the biggest IPO, India has ever seen. The government will use it to meet its disinvestment targets of Rs 65,000 crore for FY23.

LIC IPO Date | New Delhi: The day seems to be very close now. According to the latest media reports, the LIC IPO date has been fixed for May 4. The LIC IPO will most likely open on May 4 and close on May 9. The reports seem to have brought some respite from the anxieties of the investors, who had been waiting for the LIC IPO for quite some time now. The ongoing Russia Ukraine war had led to a postponement in the LIC IPO date, which was earlier supposed to come before March 31.

LIC IPO: Everything You Need To Know

• LIC IPO Date: The IPO will most likely open for applications on May 4 and close on May 9.
• LIC IPO Price: According to reports from various consultancy firms, the price band may be anywhere around Rs 950-1,000 per equity share. However, no official number has been revealed yet.
• LIC IPO Valuation: The valuation of the company, accoding to actuarial firm Milliman, is expected to be around Rs 5.4 lakh crore. However, according to the government's intention of selling 3.5 per cent of its stake for Rs 21,000 crore, the valuation comes to be around Rs 6 lakh crore.
• LIC IPO Amount: The government is aiming to sell 3.5 per cent of its stake in the company for Rs 21,000 crore. For this, it will sell 22 crore shares of LIC.
• LIC IPO Date Postponed: The date of the IPO was earlier decided to be before March 31. But it was put on hold due to high market volatility owing to the Russia Ukraine war.LIC IPO Details: If the government does not launch the IPO by May 12, they will have to file a fresh LIC IPO DRHP (draft red herring prospectus) with the Securities Exchange Board of India (SEBI). The embedded value may also be affected.

The company is the fifth-biggest insurer in the world. If the government's plan becomes a success, it will be the biggest IPO India has seen so far.

LIC is the country’s oldest and largest life insurance firm. It was formed by merging and nationalising 245 private life insurance companies on September 1, 1956, with an initial capital of Rs 5 crore. LIC now manages around Rs 40 lakh crore assets and is the fifth-largest life insurer globally and the largest asset manager in the country.


As of December 31, 2021, it covered 91 per cent of all districts and had 1.33 million individual agents, and had a market share of 61.6 per cent in terms of premiums or GWP, 61.4 per cent in terms of New Business Premium, 71.8 per cent in terms of number of individual policies issued, and 88.8 per cent in terms of number of group policies.


Investors who wish to subscribe to LIC IPO can bid in a lot of 15 equity shares and multiples thereafter. At the upper price band, they will be shelling out Rs 14,235 (excluding discounts) to get a single lot of LIC. The shares will be listed on both BSE as well as the National Stock Exchange (NSE).

The applicants also must note that the cut-off time for UPI mandate confirmation is Tuesday, May 10, 2021, upto 12:00 pm. If they fail to do so then their application may not be considered.

Kotak Mahindra Capital Company, Axis Capital, BofA Securities India, Citigroup Global Markets India, Nomura Financial Advisory and Securities India, Goldman Sachs India Securities, ICICI Securities, JM Financial, JP Morgan India and SBI Capital Markets are the book running lead managers to the offer while KFin Technologies is the registrar of the issue.




LIC IPO: Investors are at the edge of their seats as India's biggest public issue, the Life Insurance Company (LIC) initial public offering (IPO) opened to primary markets this morning. The Centre has fixed the LIC IPO price band at ₹902 to ₹949 per equity share. The LIC IPO has been valued at ₹21,000 crore. The public issue opened first to anchor investors on May 2 and it will remain open for bidding to the general public 4 till May 9, 2022.

Here's everything you need to know about LIC IPO:

1. The total value of LIC IPO is set at ₹21,000 crore, making it India's biggest public issue to date.
2. Around 15.81 lakh shares have been reserved for employees and around 2.21 crore shares for policyholders.
3. Applicants can apply in lots - one LIC IPO lot comprises 15 LIC shares. An applicant can apply for a minimum of one and a maximum of 14 lots.