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Life Insurance Corporation of India IPO

Life Insurance Corporation of India IPO

IPO Date :
Issue Price :
Allotment Date :
Listing Date :
List Price :
Lot Size:
Subscription:
Listed Price: ₹ 872.00 (-8.11%)

The public market debut of Life Insurance Corporation of India's was completed on 17-05-2022 with its listing on the NSE, BSE exchange. The IPO process raised 22,13,74,920 Shares in total capital, consisting of TBD in new equity and ₹21008.48 Cr in existing share sales through the OFS route.

The offering featured a price range of ₹902 to ₹949 and minimum application size of 15 shares. Investor response during the subscription period from 04-05-2022 to 09-05-2022 influenced the final allotment ratios across investor categories.

Final allotment was announced on 12-05-2022, distributing shares to successful subscribers. The listing established a continuous market for the company's shares, enabling liquidity, valuation transparency, and broader investor participation.

Life Insurance IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Life Insurance IPO Key Performance Indicator
Company Financials ( In Crores )

Life Insurance IPO About Company

Life Insurance Corporation of India (LIC) is India’s largest insurance provider, commanding over 66.2% market share in new business premium and offering a wide range of participating and non-participating products, including unit-linked, savings, term, health, and annuity & pension plans. As of September 30, 2021, LIC managed assets worth about ₹39 lakh crore—more than the entire Indian mutual fund industry combined—and operated through 2,048 branches, 113 divisional offices, and 1,554 satellite offices, with overseas presence in countries such as the UK, UAE, Singapore, and Sri Lanka. Backed by strong public trust, a vast agency force of over 13.5 lakh agents, and a product mix combining insurance with guaranteed investment returns, LIC is the leading insurer in India and the fifth-largest globally by GWP; however, it faces challenges such as slowing new policy growth amid rising competition from private players, relatively low margins on insurance-investment products, and complexity in valuation due to its unique long-term liability-driven business model.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Life Insurance IPO Strength Factors

NA


Life Insurance IPO Risk Factors

NA


Life Insurance IPO Lead Manager(s)

  • Axis Capital Limited
  • Bofa Securities India Limited
  • Citigroup Global Markets India Private Limited
  • Goldman Sachs (India) Securities Private Limited
  • ICICI Securities Limited
  • J.P. Morgan India Private Limited
  • Jm Financial Limited
  • Kotak Mahindra Capital Company Limited
  • Nomura Financial Advisory And Securities (India) Private Limited
  • SBI Capital Markets Limited

Life Insurance IPO Promoter(s)

  1. The President of India, acting through the Ministry of Finance
  2. Government of India



Life Insurance IPO Company Details

Life Insurance Corporation of India
Phone:
address:

Life Insurance IPO Registrar

Kfin Technologies Limited
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Life Insurance IPO FAQs