LIC IPO ANNOUNCED| LIC IPO DATE 2022 | LIC IPO GMP | LIC IPO
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
| Particulars | Details |
|---|---|
| Bidding Status | Open |
| Bidding Period | 4th May 2022 to 9th May 2022 |
| Allotment of Shares | 12th May 2022 |
| Refund amount if not allotted | 13th May 2022 |
| Face Value | Rs.10 per equity share |
| Listing on | NSE, BSE |
| Bid Lot | 15 Shares |
| Minimum Order Quantity | 15 Equity shares |
Table of Contents
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
| Particulars | 2021 | 2020 | 2019 |
| Total Assets | 37,464,044.68 Crore | 34,141,745.74 Crore | 33,663,346.17 Crore |
| Total Revenue | 703,709.45 Crore | 645,605.47 Crore | 570,809.57 Crore |
| Profit After Tax | 2,974.14 Crore | 2,710.48 Crore | 2,627.38 Crore |
LIC IPO Allotment Overview
Important Dates in LIC IPO DATE 2022
| Bidding Open | 04-05-2022 |
| Bidding Close | 09-05-2022 |
| Allotment Date | 12-05-2022 |
| Initiation of Refunds ( if not allotted) | 13-05-2022 |
| share credit in Demat account | 16-05-2022 |
| LIC IPO Listing Date | 17-05-2022 |
LIC IPO Details
| Particular | Details |
|---|---|
| IPO Name | LIC |
| Issuing Company | Life Insurance Corporation of India |
| IPO Registrar | KFintech Private Limited |
| Promoters | President of India, Ministry of finance, Government of India |
| Type of issue | Book Built Issue |
| Size of IPO | 221,374,920 Equity Shares of ₹10 (aggregating up to ₹21008.48. Cr) |
| IPO price band | Rs. 902 to Rs. 949 per equity share |
| Bidding Period | 04th May 2022 to 09th May 2022 |
| Face Value | Rs.10 per equity share |
| Listing on | NSE, BSE |
| Bid Lot | 15 Shares |
| Minimum Order Quantity | Equity shares |
| Website | http://www.licindia.in/ |
| Registration Portal | https://karisma.kfintech.com/ |
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%.
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.
https://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
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