Life Insurance Corporation of India
Bookbuilding IPO · NSE, BSE
- Price band
- ₹902-949
- Lot size
- 15 shares
- Issue amount
- ₹20,557.23 cr
- Total subscription
- 0×
- Opens
- 4 May 2022
- Closes
- 9 May 2022
- Allotment
- 12 May 2022
- Listing
- 17 May 2022
Offer at a glance
Issue overview
- Issue size
- 22,13,74,920 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹13,530
- Fresh issue
- ₹0 cr
- Offer for sale
- ₹21,008.48 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,235
- Issue type
- Bookbuilding IPO
- Shares before issue
- 6,32,49,97,701
- Shares after issue
- 6,32,49,97,701
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 15 | ₹14,235 |
| sHNI | 15 | 225 | ₹2,13,525 |
| bHNI | 71 | 1,065 | ₹10,10,685 |
Share reservation
Subscription & GMP
Subscription by category
Subscription figures are awaiting publication.
GMP history
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Company information
Company profile
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.
Promoters
The President of India, acting through the Ministry of Finance
Government of India
Registrar & documents
Lead manager
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
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Yogakshema, Jeevan Bima Marg Nariman Point, Mumbai 400 021,
+91 22 6659 8732
[email protected]Company website ↗Understanding LICI IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.