LIFE INSURANCE CORP.OF INDIA IPO was launched on 4-May-22. Here is all you need to know about this IPO.
The Life Insurance Corporation of India was established on 1 September 1956, when the Parliament of India passed the Life Insurance of India Act that nationalised the insurance industry in India . Over 245 insurance companies and provident societies were merged to create the state-owned LIC. LIC is India's only government-owned insurance provider company. It's the largest insurance company in India with a dominant market share.
LIFE INSURANCE CORP.OF INDIA IPO Details | |
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Issue Opening Date | 4-May-22 |
Issue Closing Date | 9-May-22 |
Issue Type | ONLY OFFERS FOR SALE |
Issue Size (INR bn) | 205.6 |
Fresh Issue (No.of shares) | - |
Offer for Sale (No.of shares) | 221,374,920 |
Face Value (INR) | 10.00 |
IPO Price Band (INR) | 902 to 949 |
Market Lot (No.of shares) | 15 |
Min Order Quantity | 15 |
Listing At | BSE / NSE |
Pricing Method | BOOKBUILDING |
Year of Incorporation | 1956 |
Industry | INSURANCE |
Total Issue Size (No.of shares) | 221,374,920 |
Objects Of Issue | COMPANY WILL NOT RECEIVE ANY PROCEEDS FROM THE OFFER |
Registrar Details | KFIN TECHNOLOGIES LTD. |
LIFE INSURANCE CORP.OF INDIA IPO Timetable | |
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Bid/Offer Launch Date | 4-May-22 |
Bid/Offer Close Date | 9-May-22 |
Basis of Allotment Finalization Date | - |
Initiation of Refunds | - |
Credit of Shares to Demat Account | - |
Listing Date | 17-May-22 |
LIFE INSURANCE CORP.OF INDIA IPO Shares Offered | |
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Category | Shares Offered |
QIB | 98,828,089 |
HNI | 29,648,427 |
Retail | 69,179,663 |
Employee | 1,581,249 |
Others | - |
Total | 221,374,920 |
LIFE INSURANCE CORP.OF INDIA IPO Promoter Holding | |
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Pre Issue Share Holding | 100% |
Post Issue Share Holding | 97% |
LIFE INSURANCE CORP.OF INDIA Overall Subscription details (Times subscribed) | |
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Category | Subscription Status |
QIB | 1.73 |
HNI | 2.38 |
Retail | 1.61 |
Employee | 2.95 |
Others | - |
Total | 2.05 |
LIFE INSURANCE CORP.OF INDIA Date wise Subscription | |||||||
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Date | QIB | HNI | Retail | Employee | Mutual Funds | Others | Total |
Day 1 (4-May-22) | 0.31 | 0.27 | 0.60 | 1.17 | 0.79 | - | 0.76 |
Day 2 (5-May-22) | 0.38 | 0.47 | 0.93 | 2.22 | 0.79 | - | 1.02 |
Day 3 (6-May-22) | 0.65 | 1.24 | 1.59 | 3.79 | 1.00 | - | 1.58 |
LIFE INSURANCE CORP.OF INDIA Financials | ||||
---|---|---|---|---|
Year Ending | - | - | - | |
Total Income | (Rs m) | - | - | - |
Total Expenditure | (Rs m) | - | - | - |
Net Profit After Tax | (Rs m) | - | - | - |
Company Address | YOGAKSHEMA, JEEVAN BIMA MARG, NARIMAN POINT, MUMBAI 400021, MAHARASHTRA |
Data Sourced from:
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Below is the schedule for the same:
LIFE INSURANCE CORP.OF INDIA IPO
IPO opens on: 4-May-22
IPO closes on: 9-May-22
The lot size of LIFE INSURANCE CORP.OF INDIA IPO is 15 shares. Investors will need to apply for a minimum order of 15 shares and in multiples thereof.
An investor can apply in LIFE INSURANCE CORP.OF INDIA IPO online using either UPI or Application Supported by Blocked Amount (ASBA) as payment method.
While ASBA IPO application is available in the net banking section, UPI IPO application is offered by brokers who don't offer banking services.
The tentative finalization of basis of allotment for LIFE INSURANCE CORP.OF INDIA IPO will be done on -, and the allotted shares will be credited to your demat account by -.
The tentative listing date of LIFE INSURANCE CORP.OF INDIA IPO is scheduled for 17-May-22.
Shares of LIFE INSURANCE CORP.OF INDIA are expected to list on BSE / NSE.
At present, one share of LIFE INSURANCE CORP.OF INDIA has a face value of Rs 10.00.
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