Status
Listed
Price band
₹902–₹949
Shares in one lotA lot is the smallest bundle of shares you can apply for. Lot size, in the glossary
15 shares
Minimum money
₹14,235 for 1 lot
Issue size
₹20,557.23 crore
Dates
4 May 2022 – 9 May 2022
Official links
- Allotment statusAllotment is the decision of who gets shares after the issue closes. Basis of allotment, in the glossary
How to apply
Use UPI and ASBA. The guide covers the close, allotment, and the T+3 listing.
Open the guideRelated guides
Life Insurance Corporation of India (LIC) IPO is listed. It opens on 4 May 2022 and closes on 9 May 2022. The price band is ₹902 to ₹949. One lot is 15 shares, and the minimum amount is ₹14,235. The issue size is ₹20,557.23 crore, with an offer for sale of ₹20,557.23 crore. In FY21, total income was ₹7,03,709.45 crore and profit after tax was ₹2,974.14 crore. Total income was up 9% from ₹6,45,605.47 crore in FY20. Profit after tax was up 9.7% from ₹2,710.48 crore in FY20.
The total subscription for Life Insurance Corporation of India (LIC) is 2.95 times.
Life Insurance Corporation of India (LIC) listed at ₹872.
Life Insurance Corporation of India (LIC) is India's largest life insurer and is majority-owned by the Government of India. Its IPO was a government stake sale.
Dates
Opens
4 May 2022
Closes
9 May 2022
AllotmentAllotment is the decision of who gets shares after the issue closes. Basis of allotment, in the glossary
12 May 2022
Refunds
13 May 2022
Demat credit
16 May 2022
Listing
17 May 2022
Subscription
Subscribed 2.95x overall. Final, as of 9 May 5 pm IST.
Total
2.95x
Issue structure
Offer for sale
₹20,557.23 crore
Reservation
Share kept for each group. The percents are the published figures.
| Part | Amount |
|---|---|
| Retail | 35% |
| Large bids | 15% |
| Big funds | 50% |
Issue
- Face value
- ₹10
- Offer for saleOFS means offer for sale. Existing owners are selling shares. The company does not get that money.
- ₹20,557.23 crore
- Exchanges
- BSE, NSE
- Registrar
- Kfin Technologies Ltd.
Reservation
- Retail
- 35%
- Large bidsNII means a bid bigger than the retail limit, and not from a big institution. How allotment works
- 15%
- Big fundsQIB means a big institution, such as a mutual fund or a bank. How allotment works
- 50%
Financials
₹ crore, for the last three reported years.
Total income and profit
Each chart has its own scale. Amounts are in ₹ crore.
Total income
Profit after tax
| Year | Total income | Profit |
|---|---|---|
| FY19 | ₹5,70,809.57 crore | ₹2,627.38 crore |
| FY20 | ₹6,45,605.47 crore | ₹2,710.48 crore |
| FY21 | ₹7,03,709.45 crore | ₹2,974.14 crore |
Net worth
₹ crore, for each year that reports net worth.
| Year | Net worth |
|---|---|
| FY19 | ₹815.33 crore |
| FY20 | ₹854.65 crore |
| FY21 | ₹6,514.64 crore |
| Year | Total income | PAT | Net worth | Assets | Borrowings |
|---|---|---|---|---|---|
| FY19 | 5,70,809.57 | 2,627.38 | 815.33 | — | — |
| FY20 | 6,45,605.47 | 2,710.48 | 854.65 | — | — |
| FY21 | 7,03,709.45 | 2,974.14 | 6,514.64 | — | — |
Listing
- Listing price
- ₹872
- Close on listing day
- ₹875.25
- Listing gainListing gain is how far the first traded price sits above or below the issue price. Capital gains, in the glossary
- -8.11% versus ₹949
Frequently asked questions
When does this issue open?
It opens on 4 May 2022 and closes on 9 May 2022.
What is the lot size and the minimum amount?
One lot is 15 shares. The minimum amount is ₹14,235 for 1 lot.
When are allotment and listing?
Allotment is on 12 May 2022. Listing is on 17 May 2022.
What is the price band?
The price band is ₹902 to ₹949.
What is the issue size?
The issue size is ₹20,557.23 crore.
How many times was it subscribed?
The total subscription is 2.95 times, checked 9 May 2022, 5:00 pm IST.
What was the listing gain?
The listing gain against the top of the price band is -8.11%.
This page is a calendar of dates and prices. It is not a recommendation to apply.