Life Insurance Corporation of India IPO (LIC IPO)

Mainboard

Insurance

Listed On: May 17, 2022 at ₹ 872.0(NSE)

₹ 14235 /15 Shares

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Price Summary

Last Closing

904.95 (-4.64%)

52 Week High

1,222.00

52 Week Low

608.00

Last Update

25-Nov-2024 3:30 PM

IPO Details

04 May, 2022

Open Date

09 May, 2022

Close Date

12 May, 2022

Allotment Date

17 May, 2022

Listing Date

Issue Price

₹902-949 per equity share
Policy Holder Discount : ₹60 Per Share
Retail & EMP Discount : ₹45 Per Share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

KFintech Private Limited

List Price

872.0(NSE)

Listing Date

2022-05-17

Market Lot

15 Shares (₹14,235*/-)

Lead Manager

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

Issue Size

Offer for Sale : 221,374,920 Eq Shares of ₹10(aggregating up to Approx ₹21,008.48 Cr)

Retail Portion

35% (Number of Retail Applications : 46,11,970 Approx)

Subscription

2.95 times

IPO Docs

DRHP RHP

IPO Subscription Details

As on	QIB	NII	Retail	Employee	Total
Shares Offered / Reserved	39,531,236	29,648,427	RII: 69,179,663 / PH: 22,137,492	1,581,249	162,078,067
Day 1 - 04-05-22 07:00 PM	0.33 x	0.27	RII: 0.60x/ PH: 1.99 x	1.17 x	0.67 x
Day 2 - 05-05-22 07:00 PM	0.40 x	0.47	RII: 0.93x/ PH: 3.11 x	2.22 x	1.03 x
Day 3 - 06-05-22 07:00 PM	0.56 x	0.76	RII: 1.23x/ PH: 4.01 x	3.06 x	1.38 x
Day 4 - 07-05-22 07:00 PM	0.67 x	1.08	RII: 1.46x/ PH: 4.67 x	3.54 x	1.66 x
Day 5 - 08-05-22 07:00 PM	0.67 x	1.24	RII: 1.59x/ PH: 5.04 x	3.79 x	1.79 x
Day 6 - 09-05-22 07:00 PM	2.83 x	2.91	RII: 1.99x/ PH: 6.12 x	4.40 x	2.95 x

Total No. of Applications: 7337575 (Approx)

Valuations

Earnings Per Share (EPS)

₹4.70/-

P/E Ratio

202

RoNW

45.65%

Net Asset Value (NAV) - As on 31.03.21

₹10.30

Company Financials All values are in ₹ Cr.

	30-Sep-21	31-Mar-21	31-Mar-20	31-Mar-19
Assets	40,43,459.67	37,46,404.46	34,14,174.57	33,66,334.61
Revenue	1,519.72	2,985.57	2,730.95	2,644.99
Profit After Tax	1,504.01	2,974.13	2,710.47	2,627.37

About The Company

LIC is India's only government-owned insurance provider company. It is the largest company in the Indian insurance space with a market share of above 64.1% in terms of premiums and 66.2% market share in terms of New Business Premium. The company offers participating insurance products and non-participating products i.e. unit linked insurance products, saving insurance products, term insurance products, health insurance, and annuity & pension products.

As of 30 Sep, 2021, it has a total AUM of Rs. 39,558,929.24 million. The company has 8 Zonal offices in Delhi, Mumbai, Kolkata, Chennai, Kanpur, Patna, Bhopal, and Hyderabad. As of 30 Sep 2021, the firm operates through 2048 branches, 113 divisional offices, and 1,554 Satelite offices.. It operates globally in Fiji, Mauritius, Bangaldesh, Nepal, Singapore, Sri Lanka, UAE, Bahrain, Qatar, Kuwait, and the United Kingdom. As of March 31, 2021, it has the largest agent network of 1.35 million life insurance agents.

	P/B Ratio	P/E Ratio	RoNW	Net Worth
LIC India	72.94	202	45.65%	7,03,709
SBI Life Insurance	10.00	82	15.4%	81,913
HDFC Life Insurance	13.29	101	20.30%	65,402
ICICI Prudential	7.72	111	14.60%	62,305

- Promoter(s)

Pre Issue Share Holding: 100%

Post Issue Share Holding: 96.50%

Company Promoter(s)

The President of India, acting through the Ministry of Finance, Government of India

IPO - Issue Objectives

To achieve the benefits of listing the equity shares on the stock exchange.
To carry out an offer for sale of 221,374,920 shares by selling shareholders.

IPO - Anchor Investors

LIC raises a total of Rs 5,627 crore in anchor book; overseas funds pour in just Rs 1,624 crore

Over 70% of anchor allotment made to domestic mutual funds.
SBI Mutual Fund subscribed to shares worth over Rs 1,000 crore via four different schemes. ICICI Prudential MF subscribed to shares worth over Rs 700 crore through over half a dozen schemes and HDFC MF subscribed to shares worth over Rs 650 crore of the insurer via 10 different schemes. Aditya Birla Sun Life MF and Axis MF were other major subscribers among
Among foreign funds, the Singapore government’s sovereign wealth fund (GIC) subscribed to shares worth over Rs 400 crore through three funds and BNP Investments subscribed to shares worth nearly Rs 450 crore.

IPO - FAQs

Ans. Life Insurance Corporation of India IPO (LIC IPO) is a Mainboard IPO. The issue is priced at ₹902-949 per equity share Policy Holder Discount : ₹60 Per Share Retail & EMP Discount : ₹45 Per Share. The minimum order quantity is 15 Shares. The IPO opens on May 4, 2022, and closes on May 9, 2022. KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Life Insurance Corporation of India IPO (LIC IPO) opens on May 4, 2022 and closes on May 9, 2022.

Ans. The size of Life Insurance Corporation of India IPO (LIC IPO) is Offer for Sale : 221,374,920 Eq Shares of ₹10(aggregating up to Approx ₹21,008.48 Cr).

Ans. The IPO price band is set between ₹902-949 per equity share Policy Holder Discount : ₹60 Per Share Retail & EMP Discount : ₹45 Per Share.

Ans. To apply for Life Insurance Corporation of India IPO (LIC IPO) IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Life Insurance Corporation of India IPO (LIC IPO) in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Life Insurance Corporation of India IPO (LIC IPO) is May 12, 2022.

Ans. The Life Insurance Corporation of India IPO (LIC IPO) will be listed on May 17, 2022.

Ans. Follow the steps to check the allotment status for Life Insurance Corporation of India IPO (LIC IPO) here.