LIC IPO GMP, LIC Grey Market Premium Today
LIC IPO: LIC IPO GMP (LIC IPO Grey Market Premium), LIC IPO Date, LIC IPO Review, LIC IPO Benefits & Risks. We will update LIC GMP daily. LIC Limited is India's leading Electronic Manufacturing Services (EMS) company. Also, all information related to LIC IPO like price band, all dates, issue size and retail parts etc. All the important information about LIC IPO is given below.
LIC IPO
We are talking about LIC IPO which every investor is eagerly waiting for. Life Insurance Corporation of India aka LIC IPO will be the biggest ever to be launched in India. The LIC IPO grey market premium is given below.
LIC will sell about 10 percent of its stake through IPO. LIC IPO will be listed on NSE and BSE. Life Insurance Corporation of India's initial public offering (IPO) is also expected to file DRHP (Draft Red Herring Prospectus) by the end of this month with market regulator SEBI (Securities and Exchange Board of India) to raise around Rs 21,000 crores through IPO (Initial public offering).
LIC IPO will open on 04 May 2022 and close on 09 May 2022. The price band of the LIC IPO is ₹902 to ₹949. The company is looking to raise around ₹21,000 crores through an initial public offering (IPO). LIC IPO QIB quota is 50%, NII quota is 15% and RII quota is 35%. LIC IPO listing date is May 2022. LIC Limited IPO GMP (Grey Market Premium) running well in the grey market.
In this IPO ₹60 discounts will be given to policyholders and ₹40 discount for employees. The IPO of LIC will be listed on NSE and BSE. LIC IPO face value is ₹10 per equity share.
The government is going to sell 5% of its stakes through the LIC (Life Insurance Corporation of India) IPO. LIC has around a 72% market share. And also LIC has a share of about 66% of the total premium collection. About 245 insurance companies are merged in LIC (Life Insurance Corporation of India). They have around 2000+ branches in the LIC of India.
We will talk about LIC's financial, benefits, and risks of investing in the company.
Read About
What is LIC IPO GMP Today?
LIC IPO GMP is ₹-10.
What is the LIC IPO Date?
LIC IPO Opening date is 04 May 2022.
What is LIC IPO Expected Return?
LIC IPO Expected Returns is approx 5%.
About LIC (Life Insurance Corporation of India)
In this article, we will talk about the beginning of LIC and its current status. In the year 1956 LIC had 5 Zonal Offices, 33 Divisional Offices, and 212 Branch Offices apart from the Corporate Office. Life insurance contracts are long-term contracts and it was felt during the currency of the policy to require a variety of services. Then in subsequent years, LIC was reorganized to expand operations and set up a branch office in each district headquarters. And then a large number of new branch offices were opened. As a result of the restructuring the servicing functions were shifted to branches as well as branches were made into accounting units, this worked wonders with the performance of the corporation.
With a new business of about 200.00 crores in the year 1957, the corporation crossed 1000.00 crores in the year 1969-70 itself. It took another 10 years for LIC to cross the 2000.00 crore mark of new business. Whereas with the restructuring in the early 80s, by the year 1985-86 LIC had already crossed 7000.00 Crore Sum Assured on new policies.
But today LIC works with 2048 fully computerized Branch Offices, 8 Regional Offices, 113 Divisional Offices, 1381 Satellite Offices, and Corporate Office. LIC's wide area network covers 113 divisional offices. Also connects all the branches through the metro area network. Simultaneously, LIC has tied up with a few banks and service providers to provide online premium collection facilities in select cities.
And LIC's ECS and ATM premium payment facility is in addition to the convenience of the customers. Also apart from online kiosks and IVRS, information centers have been set up in Ahmedabad, Mumbai, Hyderabad, Kolkata, Bangalore, Chennai, New Delhi, Pune, and many other cities. With a view to providing easy access to its policyholders, LIC has launched its Satellite Liaison Offices.
Not only this, LIC continues to be the leading life insurer even in the liberalized scenario of Indian insurance. LIC is fast moving ahead on a new growth path surpassing its previous record. According to the company, LIC has issued more than one crore policies during the current year. LIC has crossed the milestone of issuing 1,01,32,955 new policies by October 15, 2005. It has registered a healthy growth rate of 16.67% as compared to the same period last year.
Till now LIC has crossed many milestones and has set an unprecedented performance record in various aspects of the life insurance business.
Important Links:
- LIC Website
- LIC DRHP
- LIC RHP
Purpose of the offer
- To avail of the benefits of listing equity shares on the stock exchange by the company.
- The government wants to sell its stake through LIC's IPO.
- The company is looking to sell about 316,249,885 equity shares through IPO.
LIC IPO GMP Today (Grey Market Premium)
| DATE | GMP | KOSTAK | Subject to Sauda |
|---|---|---|---|
| 18 May | ₹ | ₹ | ₹ |
| 17 May | ₹- | ₹- | ₹- |
| 16 May | ₹- | ₹- | ₹- |
| 15 May | ₹- | ₹- | ₹- |
| 14 May | ₹- | ₹- | ₹- |
| 13 May | ₹-10 | ₹- | ₹- |
| 12 May | ₹-10 | ₹- | ₹- |
| 11 May | ₹-10 | ₹- | ₹- |
| 10 May | ₹30 | ₹- | ₹- |
| 09 May | ₹40 | ₹800 | ₹2000 |
| 08 May | ₹50 | ₹800 | ₹2000 |
| 07 May | ₹60 | ₹1000 | ₹2000 |
| 06 May | ₹60 | ₹1000 | ₹1500 |
| 05 May | ₹65 | ₹1000 | ₹1500 |
| 04 May | ₹65 | ₹1000 | ₹1500 |
| 03 May | ₹90 | ₹1500 | ₹2000 |
| 02 May | ₹90 | ₹1500 | ₹2000 |
| 01 May | ₹90 | ₹1500 | ₹2000 |
| 30 April | ₹90 | ₹1500 | ₹2000 |
| 29 April | ₹75 | ₹1000 | ₹1500 |
| 28 April | ₹25 | ₹500 | ₹1000 |
| 27 April | ₹25 | ₹400 | ₹1000 |
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LIC IPO Date and Price Band Details
LIC IPO open date: 04 May 2022, Closing date: 09 May 2022, and Listing date: 17 May 2022. The price band of LIC IPO is ₹902 to ₹949 per share. LIC IPO issue size is Rs 21,000 crores. LIC Ipo retails portion is 35%, QIB Portion is 50%, and NII Portion is 15%.
| IPO Open: | 04 May 2022 |
| IPO Close: | 09 May 2022 |
| Listing Date: | 17 May 2022 |
| Listing On: | NSE & BSE |
| IPO Size: | Approx ₹21,000Crores |
| Fresh Issue: | Approx ₹- Crores |
| Offer For Sale: | Approx 316,249,885 Equity Shares |
| Price Band: | ₹902 to ₹949 per share |
| Face Value: | ₹10 per Equity share |
| QIB Portion: | 50% |
| Retail Portion: | 35% |
| NII Portion: | 15% |
| Discount: | ₹45 for Employee & Retail investor, And ₹60 for Policyholder |
LIC IPO Market Lot & Size
LIC IPO's minimum lot size is 15 shares with ₹14,235 application amount and the maximum lot size is 210 shares with ₹199,290 application amount.
| Minimum Lot: | 01 |
| Minimum Lot Size: | 15 Shares |
| Minimum Amount: | ₹14,235 |
| Maximum Lot: | 13 |
| Maximum Lot Size: | 210 Shares |
| Maximum Amount: | ₹199,290 |
LIC IPO Allotment & Listing Date
| Ipo Opening Date: | 04 May 2022 |
| IPO Closing Date: | 09 May 2022 |
| Basis of Allotment: | 12 May 2022 |
| Refund Date: | 13 May 2022 |
| Credit to Demat Account: | 16 May 2022 |
| Listing Date: | 17 May 2022 |
LIC IPO Review
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LIC Ipo Review
[Note: Rated by Happiest Post]
Review For Listing Gain
Review For Short term
Review For Long term
Strength
- LIC is the largest and leading insurance provider company in India.
- The company has a range of life insurance products of a wide variety to meet the diverse insurance needs of the people.
- LIC has a vast agent network across the country.
- The company has a track record of excellent financial performance over the last several financial years.
- The company has a very experienced promoter and management team.
- The company's network consists of 1.34 million agents, 3463 active micro insurance agents, and about 174 alternative channels.
- LIC is one of the most trusted brands in the country.
- The company has a stronghold in the offline market.
- LIC is the fifth largest life insurer globally by GWP.
Risks
- Any adverse promotion of the Company's brand may have a negative impact on the name and reputation of the Company.
- The company's revenue mainly depends on the sale of premium products.
- The company has been facing extreme competition in the insurance industry.
- The company needs to make its reach in the online market like the offline market.
- The impact of the COVID-19 pandemic on the company's business and operations is still unknown.
- A big question is whether the company will be able to retain its customers in the coming years or not.
LIC Financials
LIC Financials(in Crores)
| Year | Total Assets | Revenue | Profit |
|---|---|---|---|
| Mar 2019 | ₹33,66,334.61 | ₹2,644.99 | ₹2,627.37 |
| Mar 2020 | ₹34,14,174.57 | ₹2,730.95 | ₹2,710.47 |
| Mar 2021 | ₹37,46,404.46 | ₹2,985.57 | ₹2,974.13 |
| Sep 2019 | ₹40,43,459.67 | ₹1,519.72 | ₹1,504.01 |
Promoters
The promoters of the company are:
- President of India
- Ministry of Finance
- Government of India
Contact Details of LIC
Life Insurance Corporation of India
Yogakshema, Jeevan Bima Marg
Nariman Point, Mumbai 400 021,
Phone: +91 22 6659 8732
Email: Investors@licindia.com
Website: http://www.licindia.in/
LIC Lead Managers
- ICICI Securities Limited
- Axis Capital Limited
- SBI Capital Markets Limited
- BofA Securities India Limited
- J.P. Morgan India Private Limited
- JM Financial Consultants Private Limited
- Kotak Mahindra Capital Company Limited
- Citigroup Global Markets India Private Limited
- Goldman Sachs (India) Securities Private Limited
- Nomura Financial Advisory And Securities (India) Pvt Ltd
LIC IPO Registrars
KFintech Private Limited
Phone: 04067162222 / 04079611000
Email: lic.ipo@kfintech.com
Website: https://karisma.kfintech.com/
Conclusion
We have given the complete details of the LIC IPO above. LIC (Life Insurance Corporation of India) IPO is going to be the biggest IPO in the country. LIC's IPO date has not been announced yet. The government is going to sell some of its stakes through the IPO of LIC (Life Insurance Corporation of India).
LIC has a market share of around 72 percent. Considering the financial position of the company, the company has performed well in the last financial years. More details about LIC Limited can be found in the "Strengths" and "Risks" sections above.
LIC IPO FAQs
What is LIC IPO GMP Today?
LIC IPO GMP is ₹30 as of today.
What is the LIC IPO Opening Date?
LIC IPO Opening date is 04 May 2022.
What is the LIC IPO Closing Date?
LIC IPO Closing date is 09 May 2022.
What is the LIC IPO Allotment date?
LIC IPO Allotment Date is 12 May 2022.
What is the LIC IPO Listing Date?
LIC IPO Date is 17 May 2022.
What is LIC IPO Kostak Rate?
LIC IPO Kostak rate is ₹800.
What is LIC IPO Expected Returns?
LIC IPO Expected Returns is 5%.
What are LIC IPO minimum and maximum lot sizes?
LIC IPO minimum lot size is 15 shares with ₹14,235 amount and maximum lot size are 210 shares with ₹199,290 application amount.
Read More:
For other important information related to the stock market and Grey Market Premium, Costak rate, you can click on the links given below. Know about upcoming IPO.
How to Apply the LIC Ltd IPO with Zerodha?
1. Open your Zerodha kite app and visit the Account tab, then see for console and click on IPO.
2. If you are a Desktop user then Log in to Console on Zerodha Website. Go to Portfolio and Click on IPO.
3. You will see the IPO name "LIC Ltd".
4. Then, Click on Bid Button.
5. Then, Enter your UPI ID.
6. Then, Fill in Quantity and Price. (we recommend, that you should choose the cutoff price.)
7. Then Submit the IPO Application Form.
8. Now go to your UPI App (PhonePe, Google Pay, etc) or BHIM App to Approve the mandate.
7. Then Submit the IPO Application Form.
8. Now go to your UPI App (PhonePe, Google Pay, etc) or BHIM App to Approve the mandate.
We hope you like this article about LIC IPO. If you have a query about LIC IPO Please post a comment.
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