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LIC plans to bring an IPO to sell 3.5% of its stake and get listed on BSE and NSE stock exchanges. This fast-track IPO is part of the disinvestment of government stake in LIC. The government of India is planning to raise funds of Rs 21000 corer through this IPO.

The LIC IPO 2022 offers a great opportunity to retail investors and employees to invest in the company for the long term as well as making quick listing day gains. It is also speculated the LIC Policy Holders may get a reserved quota in this IPO. In the Union Budget speech for 2020-21,

Finance Minister Nirmala Sitharaman had said:

Listing of companies on stock exchanges disciplines the company and provides access to financial markets and unlocks its value. It also gives an opportunity for retail investors to participate in the wealth so created. The government now proposes to sell a part of its holding in LIC by way of Initial Public Offer (IPO).

Competitive Strength

  • In FY 2018-19, LIC’s total asset volume was Rs 31.11 lakh crore
  • In 2018-19, LIC’s total premium receivable was 2 lakh crore
  • In 2019, LIC’s investment volume stood at Rs 29.84 lakh crore, including investments in debt and equity
  • LIC is the country’s largest insurer with 68.9 percent market share in the new business premium collection and 60.9 percent in annual premium collection

LIC IPO Details

IPO Opening Date 04-05-2022
IPO Closing Date 09-05-2022
Issue Type Book Building Offer
Face Value ₹10 per equity share
IPO Price ₹902 to ₹949 per equity share
Market Lot 15 Share Lot
Min Order Quantity 15 Share
Listing At May 17, 2022
Issue Size Rs 21000 corer*
Fresh Issue Rs 21000 corer*
Offer For Policy Holders Rs 60 Discount
Offer For retail investor and employees Rs 45 Discount

Will LIC policyholders get any benefit if they apply?

There are reports that LIC will reserve up to 10% of the issue size in the IPO for LIC policyholders thus providing a greater chance of allotment.

How do I apply to the LIC IPO?

You can apply for the LIC IPO using by following two steps:
  • Enter your bid on e-IPO
  • Accept UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

If you don’t have an account with Nirman Broking, you can open one online and receive your login credentials within 2 hours. You can sign up using your mobile number on our website. Follow the simple on-screen instructions to open an account. You will be required to enter your PAN, bank account details, and personal details to continue with the sign-up.

Check out this video walkthrough to learn more.

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