LIC IPO | Review

Spread the love

Life Insurance Corporation (LIC), has come up with an initial public offer (IPO). It will open on May 4-9, 2022 at Rs.902-949 a share. The IPO issue size is around Rs.21,008 crore. The minimum bid will be for 15 shares and in its multiples thereafter.


The most awaited IPO of the year is finally going to open on May 4, 2022. The most hyped thing about its IPO size has been reduced to Rs.21,000 cr. Earlier, the rumors were that it will be around Rs.60,000 cr. Today, LIC is the largest insurance provider in India. It has more than 60% market share in the insurance sector. LIC offers participating insurance products as well as non-participating insurance products such as ULIPs, term insurance products, health insurance, mutual funds, and annuity & pension products. Also, it is the biggest institutional investor in India for FY2021. It also has a global presence across the world. Apart from these, there are many interesting facts about LIC.


President of India – 100%

Strength & Weakness

Highly trusted brandStiff competition from private players
Sovereign guarantee by Govt of IndiaHighly depends on the agents
Robust distribution networkPolitical risk 
Highly experienced management teamSlow decision making
Robust risk management frameworkLower use of technology
Largest player in the Indian life insurance sectorSubject to complex regulatory requirements


HDFC LifeTata AIA LifeICICI Prudential Life
Max Life InsuranceSBI LifeBajaj Allianz

Company Financials

YearRevenue (in Crore)Profit (in Crore)

Object of Issue

1) To achieve the benefits of listing on the exchange

2) Offer for Sale by the President of India

LIC IPO Lot Size


LIC IPO details

IPO Opening Date 4th May 2022
IPO Closing Date 9th May 2022
Face Value Rs.10 per Equity Share
IPO Price Rs.902-949 per share
Market Lot 15 shares
Minimum Order Quantity 15 shares
Listing At NSE, BSE
No. of shares offered221,374,920 shares
Issue Size Up to Rs.21,008.48 Crore
QIB Shares Offered 50% of the offer
Retail Shares Offered 35% of the offer 
NII/HNI Shares Offered 15% of the offer 


Retailers – Rs.45Employees – Rs.45Policyholders – Rs.60

LIC IPO Timetable

IPO Date4-9 May, 2022
Allotment Date12 May, 2022
Initiation of Refunds13 May, 2022
Credit of share to Demat a/c16 May, 2022
IPO Listing Date17 April, 2022

Book Lead Managers


About the author

Shankar Awale

Hey! I am Shankar Awale an aspiring blogger with an obsession for all things of Finance. This blog is dedicated to help people to learn about Financial Knowledge in easy language.

View all posts


Leave a Reply

Your email address will not be published. Required fields are marked *