LIC IPO Dates Announced with Share Price, GMP, Lot Size, and more (May 2022)

Checkout all the latest updates of the Biggest IPO of all time in LIC IPO as its Dates, Share Price, GMP, Lot Size, Financials, and more details are now out.

by FighterMan Updated: 03 May, 2022, 11:59 IST
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The highly anticipated upcoming IPO of 2022 is finally here. We are talking about the LIC IPO by Life Insurance Corporation of India. It will be the biggest IPO of all time surpassing Paytm’s ₹18,300 crore IPO.

The government will sell its 3.5% stake in LIC via this IPO. Earlier it was 5% but due to the Russia-Ukraine war and other geological tensions it has come down by 9.4 crore shares. Also due to this, the LIC IPO which was supposed to open in March 2022 got delayed.

LIC Company officials will meet on 26th April 2022 i.e. today to discuss the IPO details like share price, lot size, discounts, etc. You can check How to Link Your LIC Policy with PAN to apply for LIC IPO Quota?

https://cdn0.desidime.com/attachments/photos/762363/medium/84016381650954982_4.?1650954984

LIC IPO Details 

Issue size

₹21,000 crores

Offer for sale (No of shares)

22.14 crores

Employee/Shareholder discount per share

₹60 (LIC policyholders) | ₹45 (retail and employees)

Face value

₹10

LIC IPO Dates

The LIC IPO issue will open on 4th and close on 9th, but make a note that you cannot apply on 7th and 8th May as the stock market is closed on weekends.

Issue opens

4th May 2022

Issue closes

9th May 2022

Issue opens for anchor investors

2nd May 2022

Allotment Notification 12th May 2022
Refunds 13th May 2022
Shares Allotment 16th May 2022
Listing on NSE & BSE 17th May 2022
LIC IPO Share Price

The LIC IPO Share Price band is ₹902-₹949 per equity share.

LIC IPO Lot Size

The LIC IPO Lot Size is 15 shares. Thus, you can apply for a min of 1 lot of 15 shares worth ₹14,235 and max 14 lots of 210 shares worth ₹1,99,290.

LIC IPO Financials as per its DRHP

You can see the LIC IPO Financials as per its DRHP for the last 3 financial years. Its assets value has shown growth, but revenue & profits have gone down in the last year by almost 50% which is a concern. However, the best part about LIC is that its revenue is almost similar to what it earns which shows that it is supremely established in the country.

Company Financials

FY 18-19

FY 19-20

FY 20-21

Till Sept 2021

Assets value

₹336k crores

₹341k crores

₹374k crores

₹404k crores

Revenue

₹2644 crores

₹2730 crores

₹2985 crores

₹1519 crores

Profits after tax

₹2627 crores

₹2710 crores

₹2974 crores

₹1504 crores

LIC IPO GMP (grey market premium) Today

Currently, the LIC IPO GMP is very low, but will pickup as the issue nears its opening. The kostak rate is currently ₹1500 i.e. you get allotment or not, you will earn ₹1500 per lot.

Date & Time GMP
26/04/22, 11:48 ₹50
27/04/22, 11:38 ₹25
02/05/22, 10:39 ₹86
03/05/22, 10:58 ₹75

Will the LIC IPO bring listing profits? Will it be beneficial for long-term investors? Please do share your views below with our budding IPO community. Before going, here's How to pay Life Insurance Premium at a Discount?

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Admin

Investors, who had bid for the issue, can check the allotment status on BSE website:

1) Visit https://www.bseindia.com/investors/appli_chec...px
2) Under the issue type, click Equity
3) Under the issue name, select Life Insurance Corporation of India Limited in the dropbox
4) Write the application number
5) Add the PAN card ID
6) Click on ‘I am not a Robot’ and hit submit

Deal Newbie Deal Newbie
Rosh_0007 wrote:

Did anyone got allotment?

yes , 1 lot of 15 shares . Applied for same 

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