LIC IPO Allotment Status – LIC IPO Date, Price, GMP, Review, Analysis & Details, Get LIC IPO Issue Date, Closing Date, Allotment Date, LIC IPO Lot Size, Listing Date
LIC IPO Allotment Status – LIC IPO Review, Dates, Allotment, Size, Live Bid Details, GMP
LIC IPO Allotment Status: Hello friends, have you applied for LIC IPO and want to check LIC IPO allotment status? In this post, we have tried to provide all the information related to LIC IPO Allotment Status.
LIC Initial Public Offering (IPO) is not issued right now After ILC IPO issue the IPO Allotment will be scheduled to be finalized.
LIC IPO Details
Life Insurance Corporation of India is one of the top life insurance companies in India it provides life insurance services in India with an approximate 69% market share in insurance services business and ILC Total asset value of Rs. 31,00,000 Crore according to the financial year 2018-19. The Government has decided to sell 25% stake and raise somewhere between rupees 70,000 crore to 1,00,000 crore. It will be a 100% book-built issue and will likely be one of the biggest IPOs to hit the market this year.
LIC is the only government- owned insurance company in India. LIC was established in 1956, LIC was set up by merging around 245 insurance companies. The life insurance Corporation of India had a monopoly in the life insurance market until the 1990s, after which the government opened up to the private sector. For a long time, the term ‘LIC’ was synonymous with life insurance. Life Insurance Corporation of India has around 2,048 branches all over India. As per the latest report of life insurance Corporation of India, there are 8 zonal offices in India. Zonal offices are located in Kolkata, Bhopal, Chennai, Delhi, Patna, and Hyderabad, Kanpur, Mumbai. Besides zonal and branch offices, there are 113 Divisional Offices, 1,526 Satellite Offices and 1,178 Mini Offices.
LIC IPO Allotment Status – Overview:
| IPO Opening Date | May 4, 2022 |
| IPO Closing Date | May 9, 2022 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹902 to ₹949 per equity share |
| Market Lot | 15 Shares |
| Min Order Quantity | 15 Shares |
| Listing At | BSE, NSE |
| Issue Size | 221,374,920 Eq Shares of ₹10 (aggregating up to ₹21,008.48 Cr) |
| Offer for Sale | 221,374,920 Eq Shares of ₹10 (aggregating up to ₹[.] Cr) |
| Retail Discount | Rs 45 per share |
| Employee Discount | Rs 45 per share |
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offe |
| NII (HNI) Shares Offered | Not less than 15% of the Net Offe |
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LIC Strengths and Risks
Strengths
- The big network of LIC agents in India is humongous. According to Life Insurance Council, the number of LIC agents 13.53 as on 31 March 2021 were 13.53 lakh compared to a total of 11.01 lakh agents for over 20 private life insurance companies.
- The life insurance Corporation of India offers a wide variety of endowment plans, life insurance plans, whole life plans, term insurance plans, money back plans and insurance riders.
- According to the annual report,LIC has a market share around 69% in the life insurance market.
- The life insurance Corporation of India, LIC has various businesses like LIC Mutual Fund, LIC Housing Finance, LIC Cards Services. LIC Pension Fund in 2019, recently LIC has acquired IDBI Bank as well.
- Life insurance Corporation of India has over 1.14 lakh employees.
Risks
- Life insurance Corporation of India also directly operates through its foreign branch offices in Mauritius (Port Louis) Fiji (Suva and Lautoka), and the United Kingdom (Wembley).
- The LIC faces competition from various private sector companies which are offering better service to their policyholders.
- Being a PSU, there are various restrictions on LIC.
- Life insurance Corporation of India also needs to change its internal policies because in India there are various changes in the fiscal/ monetary policy in the country.
Financials
| Particulars | 2019 | 2020 | 2021 |
|---|---|---|---|
| Revenue | 2645 Cr | 2731 Cr | 2986 Cr |
| Profit | 2627 Cr | 2710 Cr | 2974 Cr |
| Total Assets | 3366334 Cr | 3414174 Cr | 3746404 Cr |
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LIC IPO Allotment Important Dates
| IPO Opening Date | May 4, 2022 |
| IPO Closing Date | May 9, 2022 |
| Basis of Allotment | May 12, 2022 |
| Initiation of Refunds | May 13, 2022 |
| Credit of Shares to Demat | May 16, 2022 |
| IPO Listing Date | May 17, 2022 |
Step to check LIC IPO Allotment Status through BSE India Website-
- To check LIC IPO Allotment Status first you have to visit official website of BSE or use the direct link which is given on this page.
- After that, you have to select the issue type (Equity or Debt) from the homepage of the BSE website and issue name (LIC IPO).
- After that you need to enter your application number and PAN number to check LIC IPO Allotment Status.
- Now Click on the option for “I’m not a robot”.
- And after completing it click on submit button and your Allotment status will be display on the screen.
LIC IPO Price, Size, Share Offerings
| Price Band | ₹902 to ₹949 per equity share |
| Face Value | Rs. 1 |
| Fresh Issue | 221,374,920 Eq Shares of ₹10 (aggregating up to ₹21,008.48 Cr) |
| Offer for Sale | 221,374,920 Eq Shares of ₹10 (aggregating up to ₹[.] Cr) |
| LIC IPO Size | Rs. 21000 Crores |
LIC IPO Subscription Status
| Date / Day | NII | QIB | RII | Total Subscription |
| 4th May – 1st Day | ||||
| 5th May – 2nd Day | ||||
| 6th May – 3rd Day | ||||
| 7th May – 4th Day | ||||
| 8th May – 5th Day | ||||
| 9th May- 6th Day |
LIC IPO Lot Size
The LIC IPO market lot size is 15 shares. A retail-individual investor can apply for up to 14 lots (210 shares or ₹199,290).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 15 | ₹14,235 |
| Maximum | 14 | 210 | ₹199,290 |
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LIC IPO Registrar
KFintech Private Limited
Phone: 04067162222, 04079611000
Email: lic.ipo@kfintech.com
Website: https://karisma.kfintech.com/
LIC IPO Lead Manager(s)
- BofA Securities India Limited
- Goldman Sachs (India) Securities Private Limited
- Axis Capital Limited
- ICICI Securities Limited
- J.P. Morgan India Private Limited
- Citigroup Global Markets India Private Limited
- SBI Capital Markets Limited
- JM Financial Consultants Private Limited
| Important Links for IPO Allotment Status | |
| Allotment Status on BSE Website | Check Here |
| Allotment Status of Registrar Website | Check Here |
| Read More IPO Related Articles | Click Here |
LIC IPO Allotment FAQs
Below we provide you questions and answers which is frequently asked questions will help you clear all allotment related queries:
When is LIC IPO Opening Date?
LIC IPO Opening on May 4, 2022.
When is LIC IPO Closing Date?
LIC IPO Closed on May 9, 2022.
When is LIC IPO Allotment Date?
IPO Allotment date is May 12, 2022. check LIC IPO Allotment Status from this article.
What is the LIC IPO Refund Date?
The LIC IPO Amount refund date is May 13, 2022.
When is LIC IPO into Demat Account Date?
The LIC IPO Credit of Shares to Demat Account is on May 16, 2022.
When is LIC IPO Listing Date?
The LIC Share Listing Date is on May 17, 2022.
How to check the LIC IPO Allotment Status?
Using your application number or PAN number you can easily check LIC IPO Allotment Status.
Who decides IPO Allotment?
The Registrar of the IPO issues decided the allotment of the shares and who the owners shall be. This is a lengthy process, which takes a week and in certain cases of over subscription, may take longer than a week. As the registrar carries on the process, you need to visit the registrar’s official website to check the LIC IPO allotment status.
What is the IPO Allotment date?
This date is referred to the day when the IPO of any company allotment is disclosed to the public. The details of the allotment of IPO can be found on the website of the registrar of the particular IPO. It shows the owners or stock and generally requires a week to implement the allotment process.
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