Bookbuilding IPO | ₹20,557 Cr | Listed at BSE, NSE
LIC IPO is a book build issue of ₹20,557.23 crores. The issue is entirely an offer for sale of 22.14 crore shares of ₹20,557.23 crore.
LIC IPO bidding started from May 4, 2022 and ended on May 9, 2022. The allotment for LIC IPO was finalized on May 12, 2022. The shares got listed on BSE, NSE on May 17, 2022.
LIC IPO price band is set at ₹949 per share. The lot size for an application is 15. The minimum amount of investment required by an retail is ₹14,235 (15 shares) (based on upper price). The lot size investment for sNII is 15 lots (225 shares), amounting to ₹2,13,525, and for bNII, it is 71 lots (1,065 shares), amounting to ₹10,10,685.
The issue includes a reservation of up to 15,81,249 shares for employees offered at a discount of ₹45.00 to the issue price.
Axis Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to LIC IPO RHP for detailed Information.
IPO Open
Wed, May 4, 2022
IPO Close
Mon, May 9, 2022
Issue Price
₹949 per share
Market Cap (Pre-IPO)
₹6,00,242.28 Cr
| IPO Date | 4 to 9 May, 2022 |
| Listed on | Tue, May 17, 2022 |
| Face Value | ₹10 per share |
| Price Band | ₹902 to ₹949 |
| Issue Price | ₹949 per share |
| Lot Size | 15 Shares |
| Sale Type | Offer For Sale |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Retail Discount | Rs 45.00 per share |
| Employee Discount | ₹45.00 |
| Total Issue Size | 22,13,74,920 shares (agg. up to ₹20,557 Cr) |
| Share Holding Pre Issue | 6,32,49,97,701 shares |
| Share Holding Post Issue | 6,32,49,97,701 shares |
| BSE Script Code / NSE Symbol | 543526 / LICI |
| ISIN | INE0J1Y01017 |
LIC IPO offers total 22,13,74,920 shares. Out of which 9,88,28,089 (44.64%) allocated to QIB, 3,95,31,236 (17.86%) allocated to QIB (Ex- Anchor), 2,96,48,427 (13.39%) allocated to NII 6,91,79,663 (31.25%) allocated to RII and 5,92,96,853 (26.79%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 9,88,28,089 (44.64%) | NA |
| − Anchor Investor Shares Offered | 5,92,96,853 (26.79%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 3,95,31,236 (17.86%) | NA |
| NII (HNI) Shares Offered | 2,96,48,427 (13.39%) | NA |
| Retail Shares Offered | 6,91,79,663 (31.25%) | 46,11,977 |
| Employee Shares Offered | 15,81,249 (0.71%) | NA |
| Other Shares Offered | 2,21,37,492 (10.00%) | NA |
| Total Shares Offered | 22,13,74,920 (100.00%) |
Investors can bid for a minimum of 15 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 15 | ₹14,235 |
| Retail (Max) | 14 | 210 | ₹1,99,290 |
| S-HNI (Min) | 15 | 225 | ₹2,13,525 |
| S-HNI (Max) | 70 | 1,050 | ₹9,96,450 |
| B-HNI (Min) | 71 | 1,065 | ₹10,10,685 |
LIC IPO raises ₹5,627.27 crore from anchor investors. LIC IPO Anchor bid date is May 3, 2022.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, May 3, 2022 |
| Shares Offered | 5,92,96,853 |
| Anchor Portion (₹ Cr.) | 5,627.27 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Jun 11, 2022 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Aug 10, 2022 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
LIC is the largest insurance provider company in India. It has a market share of above 66.2% in new business premium. The company offers participating insurance products and non-participating products like unit-linked insurance products, saving insurance products, term insurance products, health insurance, and annuity & pension products.
As of 30 Sep 2021, it has a total AUM of Rs. 39 lakh crore. LIC operates through 2048 branches, 113 divisional offices, and 1,554 Satellite Offices. It operates globally in Fiji, Mauritius, Bangladesh, Nepal, Singapore, Sri Lanka, UAE, Bahrain, Qatar, Kuwait, and the United Kingdom.
| Period Ended |
|---|
| Amount in ₹ Crore |
| KPI | |
|---|---|
| RoNW | 45.65 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 4.70 | |
| P/E (x) | 201.91 | |
| Promoter Holding | 100% | 96.50% |
| Market Cap | ₹6,00,242.28 Cr. |
| Category | Bidding at | Max Bid Amount | Basis of Allotment | Discount | Final Price |
|---|---|---|---|---|---|
| HNI | At price | Rs 9,067 Cr | Proportionate | No | Rs 949 |
| Retail | Cut-off | Not above Rs 2 lakhs | Draw of Lot | Rs 45 per share | Rs 904 |
| Employee | Cut-off | Not above Rs 2 lakhs | Proportionate | Rs 45 per share | Rs 904 |
| Policy Holders | Cut-off | Not above Rs 2 lakhs | Proportionate | Rs 60 per share | Rs 889 |
Read more details at LIC Policyholder(s) IPO Reservation - Explained
LIC IPO Multiple Applications
A LIC policyholder can apply for LIC IPO shares using 2 IPO applications in the following categories:
LIC IPO Limits in Reserved Quotas
Advantages of Reserved Quota in LIC IPO
Eligible Policyholders for Reserved Policyholders Quota in LIC IPO
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Book Running Lead Managers | 11.80 |
| 2 | Commission and processing fees for SCSBs, Sponsor Banks, brokerage, bidding charges and selling commission for Syndicate Members, Registered Brokers, RTAs and CDPs | 40.33 |
| 3 | Fees payable to the Registrar to the Offer | |
| 4 | Other regulatory expenses | 32.92 |
| 5 | Advertising and marketing for the Offer | 16.98 |
| 6 | Fees payable to Legal Counsels | 4.26 |
| 7 | Miscellaneous | 13.27 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹949.00 | ₹949.00 |
| Open | ₹867.20 | ₹872.00 |
| Low | ₹860.10 | ₹860.00 |
| High | ₹920.00 | ₹918.95 |
| Last Trade | ₹875.45 | ₹875.25 |
Lead Manager Reports
The listing gain in an IPO share depends on many factors:
It is not easy to predict listing gains in LIC IPO due to its large size. We have not seen such a large IPO in India before.
It is difficult to say at this point. The decision depends on many factors like issue price, discounts offered, and the market situation on the day of listing.
Note that IPO share price varies a lot in the first few weeks of listing. It is considered a high-risk investment as one can make or lose big money.
LIC IPO opens on May 4, 2022 and closes on May 9, 2022.
The LIC IPO price is Rs 902 to Rs 949 per equity share. A discount of Rs 45 is offered to Retail Investors and Rs 60 to LIC Policyholders.
The effective price for LIC IPO shares at the upper price band will be Rs 949 for QIB and NII, Rs 904 for retail, and Rs 889 for Policyholders.
You could check if your LIC policy is linked to your PAN by submitting an online request. Check PAN availability status in LIC Policy. You would need the following details to check:
If your policy is linked correctly, you will get a message like "Your PAN details are available in our records as per input provided for the policy number."
LIC IPO is a main-board IPO of 22,13,74,920 equity shares of the face value of ₹10 aggregating up to ₹20,557 Crores. The issue is priced at ₹949 per share. The minimum order quantity is 15.
The IPO opens on Wed, May 4, 2022, and closes on Mon, May 9, 2022.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in LIC IPO using UPI as a payment gateway. Zerodha customers can apply in LIC IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in LIC IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The LIC IPO opens on Wed, May 4, 2022 and closes on Mon, May 9, 2022.
LIC IPO lot size is 15, and the minimum amount required for application is ₹14,235.
You can apply in LIC IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for LIC IPO will be done on Thursday, May 12, 2022, and the allotted shares will be credited to your demat account by Mon, May 16, 2022. Check the LIC IPO allotment status.
The LIC IPO listing date is on Tue, May 17, 2022.
