LIC IPO

Life Insurance Corporation of India

₹13,530 /15 sharesMinimum Investment

LIC IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
BSE & NSE₹949.00₹872.00-₹77.00 (8.11%)

LIC IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
4 May ‘22 - 9 May ‘22₹13,53015₹902 - ₹949
Issue SizeIPO Doc
21000.00Cr
RHP PDF

Application Details

For LIC IPO, eligible investors can apply as Regular, Policy holder & Employee.

Subscription Status As on 09 May '22, 5:21 PM

  • Retail Individual Investor
    1.97x
  • Non-Institutional Investor
    2.91x
  • Qualified Institutional Buyers
    2.83x
  • Employees
    4.36x
  • Policyholders
    6.06x
  • Total
    2.94x

About LIC

Life Insurance Corporation of India (LIC) has been providing life insurance in India for more than 65 years and is the largest life insurer in India. LIC was formed in 1956 by merging and nationalizing around 245 private life insurance companies. It has a 64.1% market share in terms of premiums (or GWP), a 66.2% market share in terms of New Business Premium (or NBP), a 74.6% market share in terms of the number of individual policies issued, and an 81.1% market share in terms of the number of group policies issued for Fiscal 2021. It is also the largest asset manager in India. Until 2000, it was the only life insurance company in the country. LIC has a broad, diversified product portfolio covering various segments across individual products and group products. These include savings insurance products; term insurance products; health insurance products; annuity and pension products; and unit-linked insurance products. ;
Parent Organisation
Life Insurance Corporation of India
Founded
1956
Managing Director
M R Kumar
LIC IPO Review | How to apply (with discount) for LIC IPO on Groww? | Life Insurance Corporation

Strengths & Risks

  • Enormous agent network, strong track record, and its lineage of 65 years.
  • Fifth largest life insurer globally by GWP and the largest player in the fast-growing and underpenetrated Indian life insurance sector.
  • Trusted brand and a customer-centric business model.
  • A cross-cyclical product mix that caters to diverse consumer needs and an individual product portfolio that is dominated by participating life insurance policies.
  • Presence across India through an Omnichannel distribution network with an unparalleled agency force.
  • Harnessing technology capabilities to support customer connect and drive operating efficiencies.
  • Largest asset manager in India with an established track record of financial performance and profitable growth.
  • Robust risk management framework.
  • A highly experienced and qualified management team, distinguished Board, and strong corporate governance framework.
  • Any unfavourable publicity that impacts its brand name, reputation, and perception.
  • Adverse persistency metrics or an adverse variation in persistency metrics.
  • Impact of the segregation of the single consolidated ‘Life Fund’ of LIC into two separate funds, viz., a participating policyholders’ fund and a non-participating policyholders’ fund.
  • Difference in the number and/or value of claims from the assumptions used in pricing its products and setting reserves for its products.
  • Dependence on the sales of participating products and single premium products for a significant portion of its revenue.
  • A highly competitive industry.

Financials

*All values are in Rs. Cr
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