LIC IPO

About the company

# **LIC IPO** ## **How to check LIC IPO allotment status?**  Typically, it takes up to six days after the closing date of an IPO for the allotment process to complete. However, when the allotment process is complete, you can check the status of your application by visiting the LIC IPO allotment status page. You will need your PAN card number, IPO application number, or the DP/Client ID to check the allotment status. [ ](https://kcas.kfintech.com/ipostatus/) The LIC IPO , which is the country’s biggest-ever public offering so far, has become the most talked about topic since the company decided to go public. The Indian government, which is the 100% owner of the insurance giant, will offload 3.5% of its stake in the company through the IPO route. Out of 22.1 crore shares being offered by the government, 35% are reserved for retail investors, 15% for non-institutional investors (NIIs) and 50% for Qualified Institutional Buyers (QIBs). To give you a clear picture of the LIC IPO , we have gathered all the relevant IPO details . ## **About the Life Insurance Corporation of India IPO** Life Insurance Corporation of India (LIC) was established in September 1956 by merging over 240 private insurers. LIC began its operations with a capital of ₹5 crore and is the largest life insurer since then. As of December 31, 2021, LIC had 4,983 offices spread across all 36 states and union territories of India. This comprises one central office, eight zonal offices, 113 divisional offices and over 4,700 branch/satellite and mini offices. In over 65 years, LIC has covered over 91% of the districts across India. It also has operations in Nepal, Bangladesh, Singapore, Sri Lanka, Bahrain, Fiji, England, Mauritius, Bangladesh and Singapore. As of March 2021, the insurance giant had a market share of 64.1% in terms of gross written premium (GWP) and 81.1% in terms of the number of group policies issued. It has assets under management (AUM) to the tune of ₹40.1 lakh crore as of December 31, 2021. This is more than 3 times the AUM of all private insurance players and 1.2 times the AUM of the entire mutual fund industry in India. It also holds the largest agent network among life insurance entities, accounting for 55% of the total agent network in India. LIC has become synonymous with the word insurance and with a variety of financial products under its umbrella, it is the go-to company for most people as far as financial planning is concerned. ### **LIC financial snapshot** | **FY20**| **FY21**| **9MFY22** ---|---|---|--- Total Assets|34,14,174 crores|3,746,404 crores|40,90,786 crores Net Premium|382,475 crores|405,398 crores|2,85,341 crores Net Profit|2,710 crores|2,974 crores|1,715 crores ## **Competitive analysis: LIC vs peers** After the life insurance sector was opened up, many private players made their foray into the space. Currently, there are 23 life insurance companies in India. Despite the rising competition, LIC has managed to remain the largest player in the life insurance sector. Let’s take a look at how India’s largest life insurer stacks up against peers. LIC’s product portfolio is largely not linked to capital markets, making it less susceptible to market volatility. Also, the demand for non-linked products has been on the rise. This segment’s share in new business premium (NBP), which is the premium earned from new policies, increased to 89% in FY21 from 87% in FY16. LIC has been able to keep its costs under control. Its operating expense to NBP ratio has remained in single digit. As LIC is a matured business, the operating expense ratio has been lower than most of the private players. LIC holds a dominant position in the industry. It is currently India's largest life insurer in terms of the NBP. In the first nine months of FY22, LIC's NBP stood at ₹1.2 lakh crore, accounting for around 61% of the market share. However, the private players have managed to grow faster than the state-owned life insurance behemoth over FY19-21. LIC India IPO - At a glance Company Name Life Insurance Corporation of India (LIC) Registrar KFin Technologies Private Limited Comapny Established 1st September 1956 Company Owner Government of India Net Worth ₹28.3 trillion No. of Employees ~1,140,000 No. of Policy Holders 29,00,00,000 LIC IPO Size 20,557 crore LIC IPO Discount for Retail Investor & Employee ₹45 LIC IPO Open Date 4 May, 2022 LIC IPO Close date 9 May, 2022 LIC IPO Price Band ₹902 - ₹949 QIB Quota 50% HNI Quota 15% Retail Investors Quota 35% Minimum Investment for LIC IPO ₹13,530 LIC IPO Share Price Face Value ₹10/- LIC IPO for Policyholders Available (Ask your Insurance Agent to provide details) Listing At BSE, NSE Fresh Issue 0 Offer for sale  221,374,920 Equity Shares ###  

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   04 May 2022

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   09 May 2022

   Last day to place your bid

3. Basis of Allotment

   Completed
   06 May 2022

   Share allotment finalised

4. Refund Initiation

   Completed
   13 May 2022

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   12 May 2022

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   17 May 2022

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.