{"id":12168,"date":"2022-04-27T13:31:34","date_gmt":"2022-04-27T08:01:34","guid":{"rendered":"https:\/\/flattrade.in\/kosh\/?p=12168"},"modified":"2022-05-02T16:57:12","modified_gmt":"2022-05-02T11:27:12","slug":"life-insurance-corporation-of-india-ipo-lic-ipo","status":"publish","type":"post","link":"https:\/\/flattrade.in\/kosh\/life-insurance-corporation-of-india-ipo-lic-ipo\/","title":{"rendered":"Life Insurance Corporation Of India IPO (LIC IPO)"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"12168\" class=\"elementor elementor-12168\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7d6e2cca elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7d6e2cca\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-28605b2f\" data-id=\"28605b2f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-770cb9a elementor-widget elementor-widget-text-editor\" data-id=\"770cb9a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Life Insurance Corporation of India plans to raise Rs 21,000 crore through initial public offering (IPO). The subscription for the IPO will begin on May 4 and will end on May 9, 2022. The government has fixed a price band of Rs 902-949 per share and the face value of each equity share is Rs 10.<\/p><p>The IPO comprises of only Offer For Sale of 221,374,920 equity shares.\u00a0LIC policyholders will get a discount of Rs 60 per equity share to the final issue price and retail participant will get a discount of Rs 45 apiece to the final issue price.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-457fb892 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"457fb892\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5b969135\" data-id=\"5b969135\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2677b851 elementor-widget elementor-widget-heading\" data-id=\"2677b851\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><br>Company Summary <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-41995fed elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"41995fed\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6cafe4b\" data-id=\"6cafe4b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6bbf9544 elementor-widget elementor-widget-text-editor\" data-id=\"6bbf9544\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Life Insurance Corporation is a state-owned company, which has been providing life insurance in India for more than 65 years.<\/p><p>LIC as a brand was recognised as the third strongest and 10th most valuable global insurance brand as per the \u201cInsurance 100 2021 report\u201d released by Brand Finance. <br \/><br \/>It is the largest life insurer in India, with a 64.1% market share in terms of Gross Written Premium (or GWP), a 66.2% market share in terms of new business premium (or NBP), a 74.6% market share in terms of number of individual policies issued, a 81.1% market share in terms of number of group policies issued for fiscal 2021, as well as by the number of individual agents, which comprised 55% of all individual agents in India as at March 31, 2021, according to Crisil report.<\/p><p>For fiscal 2021, LIC issued approximately 21 million individual policies in India, representing approximately 75% market share in new individual policy issuances.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7ce7ad5a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7ce7ad5a\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1eef24db\" data-id=\"1eef24db\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b9c5069 elementor-widget elementor-widget-heading\" data-id=\"b9c5069\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><br>Company Products and Operations<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5d77ca28 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5d77ca28\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7658d68c\" data-id=\"7658d68c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6dc2aa0a elementor-widget elementor-widget-text-editor\" data-id=\"6dc2aa0a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The company has a slew of participating insurance products and non-participating products insurance products which include savings insurance products, term insurance products, health insurance products, annuity and pension products and unit linked insurance products.<\/p><p>The company&#8217;s individual products include specially designed products for specific segments, such as special products for women and children and Micro Insurance products. In addition, they also offer provide additional benefits along with the base product to cover for additional risks, such as accidental disability, death, critical illness and premium waiver on the death of the proposer.<\/p><p>As at September 30, 2021, their individual product portfolio in India comprised of 32 different products &#8211; 17 participating products and 15 non-participating products &#8211; and seven individual riders.<\/p><p>LIC group products comprise of group term insurance products, group savings insurance products; group savings pension products; and group annuity products. As at September 30, 2021, our Corporation\u2019s group product portfolio in India comprised 10 group products.<\/p><p>LIC&#8217;s omni-channel distribution platform for individual products currently comprises of (i) individual agents, (ii) bancassurance partners, (iii) alternate channels (corporate agents, brokers and insurance marketing firms), (iv) digital sales (through a portal on our Corporation\u2019s website), (v) Micro Insurance agents and (vi) Point of Sales Persons-Life Insurance scheme.<\/p><p>LIC has the largest individual agent network among life insurance entities in India, comprising approximately 1.35 million individual agents as at March 31, 2021, which was 7.2 times the number of individual agents of the second largest life insurer, according to Crisil.<\/p><p>As at September 30, 2021, our LIC had 2,048 branch offices and 1,554 satellite offices in India, covering 91% of all districts in India.<\/p><p>LIC&#8217;s operations are present in India and it has one branch in each of Fiji, Mauritius and the United Kingdom and subsidiaries in Bahrain with operations in Qatar, Kuwait, Oman and the United Arab Emirates, Bangladesh, Nepal, Singapore and Sri Lanka.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-22ce02f8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"22ce02f8\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6580b8fb\" data-id=\"6580b8fb\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4f05c595 elementor-widget elementor-widget-heading\" data-id=\"4f05c595\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><br>Company Financials<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-15df0c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"15df0c\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3b823939\" data-id=\"3b823939\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-24edd326 elementor-widget elementor-widget-text-editor\" data-id=\"24edd326\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<table><tbody><tr><td rowspan=\"2\"><p><strong>Particulars<\/strong><\/p><\/td><td colspan=\"4\"><p style=\"text-align: center;\"><strong>For the year\/period ended (Rs in millions)<\/strong><\/p><\/td><\/tr><tr><td><p style=\"text-align: right;\"><strong>9M FY22<\/strong><\/p><\/td><td style=\"text-align: right;\"><p><strong>FY21<\/strong><\/p><\/td><td style=\"text-align: right;\"><p><strong>FY20<\/strong><\/p><\/td><td><p style=\"text-align: right;\"><strong>FY19<\/strong><\/p><\/td><\/tr><tr><td><p><strong>Total Assets<\/strong><\/p><\/td><td><p style=\"text-align: right;\">40,907,867.78<\/p><\/td><td style=\"text-align: right;\"><p>37,464,044.68<\/p><\/td><td style=\"text-align: right;\"><p>34,141,745.74<\/p><\/td><td><p style=\"text-align: right;\">33,663,346.17<\/p><\/td><\/tr><tr><td><p><strong>Total Income<\/strong><\/p><\/td><td><p style=\"text-align: right;\">5,122,792.05<\/p><\/td><td style=\"text-align: right;\"><p>7,037,094.45<\/p><\/td><td style=\"text-align: right;\"><p>6,456,054.72<\/p><\/td><td><p style=\"text-align: right;\">5,708,095.70<\/p><\/td><\/tr><tr><td><p><strong>Profit After Tax<\/strong><\/p><\/td><td><p style=\"text-align: right;\">17,153.12<\/p><\/td><td style=\"text-align: right;\"><p>29,741.39<\/p><\/td><td style=\"text-align: right;\"><p>27,104.78<\/p><\/td><td><p style=\"text-align: right;\">26,273.78<\/p><\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-349597f3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"349597f3\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1e180052\" data-id=\"1e180052\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-43538389 elementor-widget elementor-widget-heading\" data-id=\"43538389\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><br>Company Strengths<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4bc61b47 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4bc61b47\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-aec4a57\" data-id=\"aec4a57\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-74ef04b5 elementor-widget elementor-widget-text-editor\" data-id=\"74ef04b5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li>Fifth largest life insurer globally by Gross Written Premium and the largest player in the fast growing and under-penetrated Indian life insurance sector.<\/li><li>Trusted and well-established brand as well as a customer-centric business model.<\/li><li>Cross-cyclical product mix that caters to diverse consumer needs and an individual product portfolio that is dominated by participating life insurance policies.<\/li><li>Presence across India through an omni-channel distribution network with an unparalleled agency force.<\/li><li>Harnessing technology capabilities to support customer connect and drive operating efficiencies.<\/li><li>Largest asset manager in India with an established track record of financial performance and profitable growth.<\/li><li>Robust risk management framework.<\/li><li>Highly experienced and qualified management team, distinguished Board and strong corporate governance framework.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7aece74d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7aece74d\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-31787345\" data-id=\"31787345\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2a21bb2 elementor-widget elementor-widget-heading\" data-id=\"2a21bb2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><br>Company Promoters<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3577611 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3577611\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5deb8d7\" data-id=\"5deb8d7\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6c5d9aee elementor-widget elementor-widget-text-editor\" data-id=\"6c5d9aee\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>President of India acting through the Ministry of Finance, Government of India, is the promoter of the company.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-42586413 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"42586413\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-696016c8\" data-id=\"696016c8\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-266b7334 elementor-widget elementor-widget-heading\" data-id=\"266b7334\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><br>Purpose of the IPO <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-556a3f4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"556a3f4\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-42f3aa2b\" data-id=\"42f3aa2b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-40cb5702 elementor-widget elementor-widget-text-editor\" data-id=\"40cb5702\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li>\u00a0To achieve the benefits of listing the equity shares on the stock exchanges.<\/li><li>To carry out the Offer for Sale of up to 221,374,920 equity shares by the selling shareholder.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2c1d9b39 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2c1d9b39\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6a99cd55\" data-id=\"6a99cd55\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6c517687 elementor-widget elementor-widget-heading\" data-id=\"6c517687\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><br>IPO Details<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-25adfda5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"25adfda5\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c3854c\" data-id=\"c3854c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-352f45f8 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"352f45f8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<table><tbody><tr><td><p><strong>IPO Opening Date<\/strong><\/p><\/td><td><p>04-May-22<\/p><\/td><\/tr><tr><td><p><strong>IPO Closing Date<\/strong><\/p><\/td><td><p>09-May-22<\/p><\/td><\/tr><tr><td><p><strong>Issue Type<\/strong><\/p><\/td><td><p>Book Built Issue IPO<\/p><\/td><\/tr><tr><td><p><strong>Face Value<\/strong><\/p><\/td><td><p>Rs 10 per equity share<\/p><\/td><\/tr><tr><td><p><strong>IPO Price<\/strong><\/p><\/td><td><p>Rs 902 to Rs 949 per equity share<\/p><\/td><\/tr><tr><td><p><strong>Market Lot<\/strong><\/p><\/td><td><p>15 Shares<\/p><\/td><\/tr><tr><td><p><strong>Minimum Order Quantity<\/strong><\/p><\/td><td><p>15 Shares<\/p><\/td><\/tr><tr><td><p><strong>Listing At<\/strong><\/p><\/td><td><p>BSE, NSE<\/p><\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-573f9575 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"573f9575\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-765a4ffb\" data-id=\"765a4ffb\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4b2ccfc9 elementor-widget elementor-widget-heading\" data-id=\"4b2ccfc9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">IPO Lot Size <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f214848 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f214848\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-85b30d6\" data-id=\"85b30d6\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-63113a2 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"63113a2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<table><tbody><tr><td><p><strong>Application<\/strong><\/p><\/td><td><p><strong>Lots<\/strong><\/p><\/td><td><p><strong>Shares<\/strong><\/p><\/td><td><p><strong>Amount (Cut-off)<\/strong><\/p><\/td><\/tr><tr><td><p><strong>Minimum<\/strong><\/p><\/td><td><p>1<\/p><\/td><td><p>15<\/p><\/td><td><p>Rs 14,235<\/p><\/td><\/tr><tr><td><p><strong>Maximum<\/strong><\/p><\/td><td><p>14<\/p><\/td><td><p>210<\/p><\/td><td><p>Rs 199,290<\/p><\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c44dcdd elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c44dcdd\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-bbd447e\" data-id=\"bbd447e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-19dc56c elementor-widget elementor-widget-heading\" data-id=\"19dc56c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">IPO Allotment Details\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-020c834 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"020c834\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ac4f316\" data-id=\"ac4f316\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a3fd601 elementor-widget elementor-widget-text-editor\" data-id=\"a3fd601\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f233c9b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f233c9b\" data-element_type=\"section\"><div class=\"elementor-container elementor-column-gap-default\"><div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d10b194\" data-id=\"d10b194\" data-element_type=\"column\"><div class=\"elementor-widget-wrap elementor-element-populated\"><div class=\"elementor-element elementor-element-ba8f533 elementor-widget elementor-widget-text-editor\" data-id=\"ba8f533\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\"><div class=\"elementor-widget-container\"><div class=\"elementor-text-editor elementor-clearfix\"><p><span style=\"color: #000000;\">Life Insurance Corporation of India\u2019s\u00a0IPO allotment date is on May 12,\u00a02022 and expected initiation of refund is on May 13, 2022. The shares are likely to be listed on the exchanges on May 17, 2022.<\/span><\/p><p><span style=\"color: #000000;\">You can check your allotment in<\/span>\u00a0<a href=\"https:\/\/www.bseindia.com\/investors\/appli_check.aspx\"><strong>BSE<\/strong><\/a>\u00a0<span style=\"color: #000000;\">or\u00a0<\/span><a href=\"https:\/\/risop.kfintech.com\/ipostatus\/ipos.aspx\"><strong>KFin Technologies<\/strong><\/a><\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/section>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1633992a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1633992a\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3e46535\" data-id=\"3e46535\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-435f6e4 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"435f6e4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/ipo.ftconline.in:8084\/IPOWEB\/Index\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Apply for LIC IPO<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"Life Insurance Corporation of India plans to raise Rs 21,000 crore through initial public offering (IPO). The subscription&hellip;","protected":false},"author":5,"featured_media":15292,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"csco_display_header_overlay":false,"csco_singular_sidebar":"","csco_page_header_type":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"csco_post_video_bg_volume":false,"footnotes":""},"categories":[15],"tags":[46,43,78,26,77,24,23],"class_list":{"0":"post-12168","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ipos","8":"tag-market-news","9":"tag-market-update","10":"tag-nifty","11":"tag-nse","12":"tag-sensex","13":"tag-share-market","14":"tag-stock-market","15":"cs-entry","16":"cs-video-wrap"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Life Insurance Corporation Of India IPO (LIC IPO) - Flattrade Kosh<\/title>\n<meta name=\"description\" content=\"Life Insurance Corporation of India plans to raise Rs 21,000 crore through initial public offering (IPO). The subscription for the IPO will begin on May 4 and will end on May 9, 2022. The government has fixed a price band of Rs 902-949 per share and the face value of each equity share is Rs 10.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/flattrade.in\/kosh\/life-insurance-corporation-of-india-ipo-lic-ipo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Life Insurance Corporation Of India IPO (LIC IPO) - Flattrade Kosh\" \/>\n<meta property=\"og:description\" content=\"Life Insurance Corporation of India plans to raise Rs 21,000 crore through initial public offering (IPO). The subscription for the IPO will begin on May 4 and will end on May 9, 2022. 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The subscription for the IPO will begin on May 4 and will end on May 9, 2022. 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