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.
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