LIC IPO Details

All You Need To Know About LIC IPO Price Band, GMP, Subscription Data


LIC is the largest insurance provider company in India. It has a market share of above 66% in new business premium. The business uses participating insurance coverage products and non-participating products like unit-linked insurance policy items (ULIPS), conserving insurance coverage products, term insurance policy items, health insurance, as well as annuity & pension plan products.

LIC IPO Details

The Price Band Of LIC IPO is: Rs. 902 – Rs. 949

With a ₹ 60 discount to policyholders and a ₹ 45 discount for retail investor

User Can Apply On IPO Through Their Brokers Such As Zerodha, UpStox Etc

Minimum Lot Size is 1 Lot ( 15 Share) & maximum lot Size is 14 Share (210  Shares)

LIC IPO Will open On May 4 For Subscription and Will End On May9, 2022

Allotment Of LIC IPO Will be Finalized On may 12, 2022 And Listing Will be Done On May 17, 2022

LIC IPO Issue Size is 221,374,920 Eq Shares of Face Value ₹10  aggregating up to ₹21,008.48 Cr

50% of the net offer is reserved for QIB & 35% is reserved for Retail Category

LIC IPO Grey Market Premium

The GMP Of LIC IPO is Rs 28 As Of 27 April 2022

We don’t participate in grey market trading or facilitate the purchase or sale of initial public offering

LIC IPO Allotment Status

Users Can Check Their LIC IPO Allotment Status on May 12, 2022 On The Registerer Website

Lead Managers For LIC IPO

– Kotak Mahindra Capital – Goldman Sachs (India) Securitie – JP Morgan India Private Ltd – ICICI Securitie – JM Financial – Citigroup Global Markets India Private Ltd – Nomura Financial Advisory and Securities (India) Private Ltd – Axis Capital – BofA Securitie – SBI Capital Market Ltd

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