LIC IPO ANNOUNCED | LIC IPO DATE 2022 | LIC IPO GMP

LIC IPO ANNOUNCED| LIC IPO DATE 2022 | LIC IPO GMP | LIC IPO

LIC IPO DATE 2022
LIC IPO DATE 2022

LIC IPO : LIC IPO is the India’s biggest IPO, LIC IPO date has been announced, LIC IPO will open on 4th may 2022 and will closed on 9th may 2022. By LIC IPO government is diluting it’s stake around 5% to raise around Rs. 75,000 crore. The price band, Bidding Period and lot size yet to be announced. LIC IPO DATE 2022

ParticularsDetails
Bidding StatusOpen
Bidding Period4th May 2022 to 9th May 2022
Allotment of Shares12th May 2022
Refund amount if not allotted13th May 2022
Face Value Rs.10 per equity share
Listing onNSE, BSE
Bid Lot15 Shares
Minimum Order Quantity 15 Equity shares
LIC IPO

What does LIC ( Life Insurance Company) do?

LIC (Life Insurance Company ) is life insurance corporation of India was established in 1956, it is the largest insurance provider in India. LIC is statutory corporation established by an Act of parliament which is LIC Act 1956, LIC is dealing in Life insurance, Health insurance and investment management in mutual fund.

LIC has network of around 1,50,000 individuals agents and around 2000 branch offices, 8 zonal offices and around 120 divisional offices.

LIC is the largest player in the insurance market, it is the only PSU in insurance market. LIC provides Life insurance, health insurance, saving insurance, term insurance and pension insurance. LIC holdings in other major Indian companies include 8.11% in Canara Bank, 2.13% in Birla Capital, 2.68% in Reliance Infrastructure, 4.80% in Bank of Baroda, 5.96% in PTC India Ltd.

What is in LIC IPO?

LIC IPO has biggest Indian investor, LIC has a large number of investments in 2021, it has bought Rs. 90,000 crores worth of shares in other companies. LIC holdings in other major Indian companies include 8.11% in Canara Bank, 2.13% in Birla Capital, 2.68% in Reliance Infrastructure, 4.80% in Bank of Baroda, 5.96% in PTC India Ltd.

LIC Reported profit after tax (PAT) of Rs. 1487 Crore for the first six months of financial year 2022. For retail investor 35% quota is available in LIC IPO. In insurance sector LIC has market Leadership, Powerful brand value, strong product portfolio, Strong agent network of 1.35 million, Increasing awareness about the importance of life insurance in India nowadays is key opportunities & strengths in insurance sector and rising of incomes among the middle class family is also the opportunities in insurance sector.

In LIC IPO 10% of the IPO size is reserved for the LIC policyholders and if you are an investor along with LIC policyholder your chances increases to get allotment in LIC IPO to get this special benefit as an investor you just need to link your PAN with your policy.

Government already started dilution from its stake in PSU’s with LIC IPO the Indian Government will dilute a stake of 5% and raise around Rs. 75,000 Crores to Rs 1 lakh Crore. LIC is the only PSU in insurance Sector to hold a market share of about 70% even though many private insurer have entered the market . In LIC IPO 10% of the IPO size is reserved for the policyholders.

LIC Financials Data Summary

 Particulars202120202019
Total Assets37,464,044.68 Crore34,141,745.74 Crore33,663,346.17 Crore
Total Revenue703,709.45 Crore645,605.47 Crore570,809.57 Crore
Profit After Tax2,974.14 Crore2,710.48 Crore2,627.38 Crore
LIC Financials Data Summary

LIC IPO Allotment Overview

Important Dates in LIC IPO DATE 2022

Bidding Open04-05-2022
Bidding Close09-05-2022
Allotment Date12-05-2022
Initiation of Refunds ( if not allotted)13-05-2022
share credit in Demat account16-05-2022
LIC IPO Listing Date17-05-2022
LIC IPO Allotment Overview

LIC IPO Details

ParticularDetails
IPO NameLIC
Issuing CompanyLife Insurance Corporation of India
IPO RegistrarKFintech Private Limited
PromotersPresident of India, Ministry of finance, Government of India
Type of issueBook Built Issue
Size of IPO221,374,920 Equity Shares of ₹10
(aggregating up to ₹21008.48. Cr)
IPO price bandRs. 902 to Rs. 949 per equity share
Bidding Period04th May 2022 to 09th May 2022
Face Value Rs.10 per equity share
Listing onNSE, BSE
Bid Lot 15 Shares
Minimum Order Quantity  Equity shares
Websitehttp://www.licindia.in/
Registration Portal   https://karisma.kfintech.com/
LIC IPO DATE 2022

Competitive Analysis of LIC in Market

LIC is the largest company in insurance sector in India with 61.16% market share however there is some competitor insurance company is also available in market which are Max Life Insurance with 2.56%, ICICI Prudential with 5.06%, HDFC Life with 8.36%, SBI Life with 9.13% and some others with 15.14%.

LIC IPO DATE 2022
Competitive Analysis of LIC in Market

You can check the below procedure on allotment date which is 12-05-2022

How To Check LIC IPO Allotment Status via BSE:

Step 1: Click on the below mention link or go for the BSE website: https://www.bseindia.com/static/investors/application_statuschecksystem.aspx

Step 2 : Scroll Down and find the link Application Status Check or click here to redirect.

Step 3: Now you will be redirected to new page here you have to fill required details or make selection.

  • select the issue type click on Equity
  • Now Choose here IPO Name (LIC)
  • Now you have to enter your IPO Bidding Application number in the box which you received on your mobile through SMS when you made your booking otherwise you can find the details in your Demat account.
  • Finally enter your PAN Card number and check the captcha box then You will get Your Booking Details.

FAQ ( LIC IPO DATE 2022 )

When LIC IPO will open?

LIC IPO will open on 04 May 2022 and close on 9 May 2022

How to Link PAN With LIC Policy ( LIC PAN Link Online )?

To get the benefit of LIC IPO 10% reserved Quota for LIC Policyholder, Policyholder must link his or her PAN with LIC Policy. To know more about how to link PAN with LIC Policy please click on below link.
http://einfonet.in/link-pan-with-lic-policy/

What is the price band of LIC IPO?

LIC IPO Price Band Rs. 902 – 949 per share and this is 15 shares of 1 lot.

Who is the LIC Promoters?

The President of India acting through the finance ministry, Government of India.

we have Provided the First Option in the Above Article to check Vedant Fashions IPO Allotment Status

Please See Also

What is IPO ?

What is Dividend | Types of Dividend

Link PAN with LIC Policy

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