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IPO

Life Insurance Corporation of India

LIC is India's largest government owned Insurance company with highest market share among the industry. LIC is largest asset manager in India which is around 18.5% of India's annualized GDP.

RHP
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DRHP
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Open Date

2022-05-04

Close Date

2022-05-09

IPO Details

Check out the issue details for Life Insurance Corporation of India IPO as disclosed in SEBI.

IPO Price

₹ 949

Price Band

₹ 902 - 949

Issue Size

21008.48 Cr.

Issue Type

Book Built

Open

2022-05-04

Close

2022-05-09

Listingprice

₹ 872

ListingGain

-8.11%

Listing Date

2022-05-17

CMP

₹ 661.65

Current Return

-30.28%

Company Financials

You can get the following financial statements of Life Insurance Corporation of India as of now.

Subscription Details

The details about the LIC IPO or Life Insurance Corporation IPO is as:

  • The issue size of the IPO is 21008.48 Cr.
  • The price band for LIC IPO is Rs 902 - 949.
  • 2.21 Cr shares are reserved for Policyholders of LIC.
  • 1.58 Cr shares are reserved for Employees of LIC.
  • The shares of LIC IPO will list on 17th May 2022.
  • The latest tentative GMP of LIC IPO is Rs 10.
  • Policy Holders will get a discount of Rs 60 per share in the issue.
  • LIC Employees and retail investors will get a discount of Rs 45 per share in the issue.
  • The IPO of LIC is subscribed 2.95 Times as of 9th May 2022.

LIC IPO Valuation

The approx valuation of LIC IPO or Life Insurance Corporation IPO company based on its price band and DRHP (prospectus) is: 

Particulars Value
Upper Price Band Rs 949
Existing Shares (Qty) 632.4 Cr
Market Cap 600147.6 Cr
EPS (FY21) Rs 4.70
PE Ratio 201.9x
Industry PE 79.7x

 

LIC IPO Issue Size

LIC IPO or Life Insurance Corporation IPO issue size is 21003.48 Cr

Issue Amount
Fresh Issue 0 Cr
Offer For Sale 21008.48 Cr

 

LIC IPO Market Lot

An Individual can apply for a minimum 1 lot of 15 shares and a maximum of 14 lots of 210 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 15 Rs 14,235
 Maximum 14 210 Rs 1,99,290

 

LIC IPO share offer

The IPO of LIC is subscribed 2.95 Times as of 9th May 2022. The issue of LIC ipo is Oversubscribed. The category-wise shares subscription are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 2.83 Times
Non-Institutional Minimum 15% 2.91 Times
Retail Individual Minimum 35% 1.99 Times
Employee 1.58 Cr Shares 4.40 Times
Policyholder 2.21 Cr Shares 6.12 Times
Total   2.95 Times

 

LIC IPO Grey Market Premium

As on GMP (Tentative)
9 May 2022 Rs 40
10 May 2022 Rs 30
11 May 2022 Rs 10
12 May 2022 Rs 10
13 May 2022 Rs 10

It is purely for informational purposes and invest in an IPO after thoroughly researching on your own.

 

Allotment Details

Find below the dates for LIC IPO or Life Insurance Corporation IPO:

Schedule Date
Basis of Allotment 12 May 2022
Refunds 13 May 2022
Credit to Demat Account 16 May  2022
IPO Listing Date 17 May 2022

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Other Income 0 0 0 0 0
Profit Before Tax 2248.36 2459.41 2703.48 2720.75 2906.77
Tax 16.62 13.01 14.99 8.04 6.21
Net Profit 2231.74 2446.4 2688.5 2712.71 2900.57

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Equity and Liabilities
Share Capital 100 100 100 100 100
Borrowings 0 0 0 0 0
Total Liabilities 2529146.67 2791615.21 3055612.66 3123732.48 3728902.44
Other N/C Assets 103203.18 88308.34 75922.87 32756.1 33097.56
Total Assets 2529146.67 2791615.21 3055612.66 3123732.48 3728902.44
Assets
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2022
Other Income 67787.46
Profit Before Tax 2313.24
Tax -58.32
Net Profit 2371.55
Adjusted EPS (Rs) 3.75

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Profit from operations 0 0 0 0 0
Adjustment 92777.02 82993.94 42836.88 86826.68 72219.07
Tax Paid -13527.18 -13095.94 -18154.47 -11337.08 -11791.58
Operating Cash Flow 70555.14 67931.01 19764.75 74768.69 55723.07
Investing Cash Flow -78248.89 -75609.88 1979.42 -85722.03 -54012.82
Financing Cash Flow -2497.03 -2369.73 -2252.42 -2608.25 0
Net Cash Flow -10190.79 -10048.6 19491.74 -13561.59 1710.25
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