Check the LIC IPO Launch Date, Share Price, GMP, Profile and more

LIC IPO is estimated to launch on 11th April 2022. Thus, you will have to wait for some time. It will most probably have 5 days for investors to subscribe to it which makes it the longest duration IPO till date.

The price of 1 share in the LIC IPO is estimated to be anywhere between Rs 400 to Rs 600. It is calculated on the basis of paid up capital and valuation costs which are rumoured to be Rs 25k Crore and Rs 10 Lakh Crore respectively.

As of now i.e. 18th March 2021, 11 am, the Grey Market Premium of LIC IPO is Rs 7000. Thus, its GMP is unbelievable, but market traders believe that it will end on Rs 2000.

The Life Insurance Corporation of India aka LIC was started in 1956. It is managed by the Government of India, and is the largest life insurance company in the country. Currently, it stands at 28 Crores in no of policies and Rs 45 Lakh Crore in total premium. These numbers are staggering & incredible. The company’s headquarters is in Mumbai, and is spread across a majority of cities and villages in the country. It is also into health insurance, pension plans, unit linked plans, and micro insurance.

LIC has 68.9% market share in new business premium collection and 60.9% share in annual premium collection. Moreover, it manages 72% of the market and has 66.24% intake in 1st year premium collection.

There are many Stock Market Brokers available for IPO Subscriptions, but which are the ones giving the best advice, services, grey market insights, and more, is the question. Well, there are 2 brokers who have established themselves as one of the best in this industry. Those are Zerodha and 5paisa.

Zerodha is the biggest stock broker in India with regards to active retail clients. Currently, it has 4M+ investors and traders in India. It alerts you for an upcoming IPO beforehand via its Kite app so that you don’t miss the application deadline. Moreover, you can apply instantly directly from the app, but subject to funds availability in your account.

Let’s have a look at the popular Zerodha plans and their pricing.

5paisa is a fast growing stock broking company. Currently, it has 1M+ customers in India. It is well known for its excellent trading platforms. It includes research tools like Swing Trader, Smart Investor, Smallcase, Portfolio Analyser, and Sensibull for analysis.

5paisa has a flat fee for unlimited number of trades in all segments. It also features add-on packs starting from Rs 249/month. These packs give discounted brokerage, advisory calls, portfolio analysis, research of 4K+ companies, and much more.

This year has been a year of IPOs. You can check the latest updates on Nazara IPO, Anupam Rasayan IPO, and EaseMyTrip IPO as they are currently trending. What are your views on the LIC IPO? Do share with us in the comments below.