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LIFE INSURANCE CORP.OF INDIA IPO: All You Need To Know

LIFE INSURANCE CORP.OF INDIA IPO was launched on 4-May-22. Here is all you need to know about this IPO.

The Life Insurance Corporation of India was established on 1 September 1956, when the Parliament of India passed the Life Insurance of India Act that nationalised the insurance industry in India . Over 245 insurance companies and provident societies were merged to create the state-owned LIC. LIC is India's only government-owned insurance provider company. It's the largest insurance company in India with a dominant market share.

LIFE INSURANCE CORP.OF INDIA IPO Details
Issue Opening Date 4-May-22
Issue Closing Date 9-May-22
Issue Type ONLY OFFERS FOR SALE
Issue Size (INR bn) 205.6
Fresh Issue (No.of shares) -
Offer for Sale (No.of shares) 221,374,920
Face Value (INR) 10.00
IPO Price Band (INR) 902 to 949
Market Lot (No.of shares) 15
Min Order Quantity 15
Listing At BSE / NSE
Pricing Method BOOKBUILDING
Year of Incorporation 1956
Industry INSURANCE
Total Issue Size (No.of shares) 221,374,920
Objects Of Issue COMPANY WILL NOT RECEIVE ANY PROCEEDS FROM THE OFFER
Registrar Details KFIN TECHNOLOGIES LTD.
LIFE INSURANCE CORP.OF INDIA IPO Timetable
Bid/Offer Launch Date 4-May-22
Bid/Offer Close Date 9-May-22
Basis of Allotment Finalization Date -
Initiation of Refunds -
Credit of Shares to Demat Account -
Listing Date 17-May-22
LIFE INSURANCE CORP.OF INDIA IPO Shares Offered
Category Shares Offered
QIB 98,828,089
HNI 29,648,427
Retail 69,179,663
Employee 1,581,249
Others -
Total 221,374,920
LIFE INSURANCE CORP.OF INDIA IPO Promoter Holding
Pre Issue Share Holding 100%
Post Issue Share Holding 97%
LIFE INSURANCE CORP.OF INDIA Overall Subscription details (Times subscribed)
Category Subscription Status
QIB 1.73
HNI 2.38
Retail 1.61
Employee 2.95
Others -
Total 2.05
LIFE INSURANCE CORP.OF INDIA Date wise Subscription
Date QIB HNI Retail Employee Mutual Funds Others Total
Day 1 (4-May-22) 0.31 0.27 0.60 1.17 0.79 - 0.76
Day 2 (5-May-22) 0.38 0.47 0.93 2.22 0.79 - 1.02
Day 3 (6-May-22) 0.65 1.24 1.59 3.79 1.00 - 1.58
LIFE INSURANCE CORP.OF INDIA Financials
Year Ending - - -
Total Income (Rs m) - - -
Total Expenditure (Rs m) - - -
Net Profit After Tax (Rs m) - - -
Company Address YOGAKSHEMA, JEEVAN BIMA MARG, NARIMAN POINT, MUMBAI 400021, MAHARASHTRA
LIFE INSURANCE CORP.OF INDIA IPO Prospectus
DRHP
RHP

Current & Recent IPOs  |  Upcoming IPOs  |  Performance of IPOs

Data Sourced from:

primedatabase.com is India's first and still the only database dedicated to the primary capital market. Started in 1989, Prime
continues to be the single source of comprehensive information on all capital market offerings.


Have A Question On LIFE INSURANCE CORP.OF INDIA IPO?

When LIFE INSURANCE CORP.OF INDIA IPO will open?

Below is the schedule for the same:

LIFE INSURANCE CORP.OF INDIA IPO

IPO opens on: 4-May-22

IPO closes on: 9-May-22

What is the lot size of LIFE INSURANCE CORP.OF INDIA IPO?

The lot size of LIFE INSURANCE CORP.OF INDIA IPO is 15 shares. Investors will need to apply for a minimum order of 15 shares and in multiples thereof.

How to apply for LIFE INSURANCE CORP.OF INDIA IPO?

An investor can apply in LIFE INSURANCE CORP.OF INDIA IPO online using either UPI or Application Supported by Blocked Amount (ASBA) as payment method.

While ASBA IPO application is available in the net banking section, UPI IPO application is offered by brokers who don't offer banking services.

When is LIFE INSURANCE CORP.OF INDIA IPO allotment?

The tentative finalization of basis of allotment for LIFE INSURANCE CORP.OF INDIA IPO will be done on -, and the allotted shares will be credited to your demat account by -.

When is LIFE INSURANCE CORP.OF INDIA IPO listing date?

The tentative listing date of LIFE INSURANCE CORP.OF INDIA IPO is scheduled for 17-May-22.

Where are the LIFE INSURANCE CORP.OF INDIA shares supposed to be listed?

Shares of LIFE INSURANCE CORP.OF INDIA are expected to list on BSE / NSE.

What is Face value of LIFE INSURANCE CORP.OF INDIA IPO?

At present, one share of LIFE INSURANCE CORP.OF INDIA has a face value of Rs 10.00.

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PLEASE NOTE:
The information in the web site has been compiled from sources we believe to to be reliable, but we do not hold ourselves responsible for its completeness or accuracy. This is not an offer to sell or a solicitation to buy any securities. Investors are advised to read the offer document before making an investment decision.