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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.
Apply as Policy holder
  • Only if you hold LIC policy issued before 13 Feb '22
  • Must have linked policy with PAN before 28 Feb '22
  • Price range: Rs. 842-889 (at Rs. 60 discount)
  • You can apply both as regular and policyholder
Apply as Employee
  • Only if you are LIC employee
  • Price range: Rs. 857-904
  • Offered at Rs. 45 discount per share
  • You are eligible to apply in all three categories

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
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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