LIC IPO Date, Price, Market Lot, Subscription and GMP

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LIC IPO date is scheduled to open on 4 May 2022. The IPO price band is set at INR902 – 949 per share . There are no fresh shares being issued and all shares in the mega issue will be offered by the Government of India through Offer For Sale (OFS).

Promoters of LIC – President of India, acting through the Ministry of Finance, Government of India

LIC Business Description

LIC is the largest life insurer in India with a 64.1% market share in terms of Gross Written Premium (GWP), a 66.2% market share in terms of New Business Premium (NBP), a 74.6% market share in terms of number of individual policies issued, an 81.1% market share in terms of number of group policies issued for Fiscal 2021, as well as by the number of individual agents (1.35 million), which comprised 55% of all individual agents in India as at March 31, 2021.

The company is the largest asset manager in India as at September 30, 2021, with AUM (comprising policyholders’ investment, shareholders’ investment and assets held to cover linked liabilities) of INR39,558,929.24 million on a standalone basis, which was more than 3.3 times the total AUM of all private life insurers in India and approximately 16.2 times more than the AUM of the second-largest player in the Indian life insurance industry in terms of AUM.

The company’s brand, LIC, was recognised as the third strongest and 10th most valuable global insurance brand as per the “Insurance 100 2021 report” released by Brand Finance. As at September 30, 2021, its individual product portfolio in India comprised 32 individual products (17 participating products and 15 non-participating products) and seven individual riders.

LIC IPO Date, Size & Price Band

LIC IPO Date 4 – 9 May 2022
IPO Price Band INR902 – 949 per share

Discount – INR40 per share for retail investors & employees
Discount – INR60 per share for policyholders|
|Fresh issue|NIL|
|Offer For Sale|221,374,920 shares (INR19,552.15 – 20,592.61 crore)|
|Total IPO size|221,374,920 shares (INR19,552.15 – 20,592.61 crore)|
|Minimum bid (lot size)|15 shares|
|Face Value|INR 10 per share|
|Retail Allocation|35%|
|Listing On|NSE, BSE|

LIC’s Financial Performance

FY2019 FY2020 FY2021 9M FY2022
Total Income 570,809.6 645,605.5 703,709.4 512,279.2
Surplus (2,416.1) (10,148.9) 3,861.8 1,642.8
Transfer to Shareholders’ Account 2,599.5 2,695.5 2,962.6 1,637.8
Profit After Tax 2,627.4 2,710.5 2,974.1 1,715.3

LIC Public Offer Timetable

IPO Opening Date 4 May 2022
IPO Closing Date 9 May 2022
Finalisation of Basis of Allotment 13 May 2022
Initiation of refunds 14 May 2022
Transfer of shares to demat accounts 16 May 2022
Listing Date 17 May 2022
Opening Price on NSE Coming soon
Closing Price on NSE Coming soon

LIC Valuations & Margins

FY2019 FY2020 FY2021 9M FY2022
EPS 4.15 4.29 4.70 2.71
PE ratio
RONW (%) 322.25 317.14 45.65 20.84
ROCE (%)
EBITDA (%)
Debt/Equity
NAV 1.29 1.35 10.30 13.01
  • On annualized basis

LIC IPO Subscription – Live Updates

Category Shares Offered Day 1 Day 2 Day 3
QIB 3,95,31,236 0.33
NII 2,96,48,427 0.25
Retail 6,91,79,663 0.56
Employee 15,81,249 1.03
Policyholder 2,21,37,492 1.84
Total 16,20,78,067 0.62

Subscription figures in number of times, at 5 PM

LIC Offer FAQs

How many shares in LIC IPO are reserved for HNIs and retail investors?

The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.

How to apply in LIC IPO?

The best way to apply in LIC IPO is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.

What are LIC IPO Dates?

LIC IPO opens on 4 May 2022 and closes on 9 May 2022.

When is LIC IPO allotment date?

LIC IPO allotment is expected to be finalized by 12 May 2022.

When is LIC IPO listing date?

LIC IPO listing date is 17 May 2022.