LIC IPO Date and Price Details 2022

LIC IPO Date :  IPO of the Life Insurance Corporation of India is likely to open on from 4 May 2022. April Month SEBI approved the initial public offering proposal of LIC. The company has filed the Draft Red Herring Prospectus with the market regulator.

LIC IPO Date And Price Details :

IPO Opening Date 4th May
IPO Closing Date 9th May
Issue Type Book Built Issue IPO
Face Value 10 per equity share
IPO Price Update Soon
Market Lot Update Soon
Min Order Quantity Update Soon
Listing AtBSE, NSE
Issue Size316,249,885 Eq Shares of Rs 10
Offer for Sale316,249,885 Eq Shares of Rs 10
LIC IPO Details

LIC Financial Details

  NameFY19FY20FY21
Total Assets3,366,335 crores3,414,175 crores3,746,404 crores
Net Premium339,972 crores382,476 crores405,398 crores
Net Profit2,627 crores2,710 crores2,974 crores
LIC Financial Details

LIC IPO for Policyholders Discount Details

If you are an LIC policyholder and have linked your PAN with the policy, you can apply in the reserved quota. Around 10% of the IPO has been reserved for policyholders. The chances of getting an LIC IPO allotment are higher through this channel.

LIC IPO Date and Price Details

LIC is also planning to offer a discount to its customers. Since the IPO is based on a book-building process, the company will announce the price band ahead of the launch of the public offer. However, if you are not a LIC policyholder or have not linked your PAN to the policy, you can still apply from the general category.

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How to apply under the policyholder category?

To apply for any IPO, you need a demat account. If you don’t have one, you can simply open it with a few steps. Click here to open a demat account with Upstox. If you have an Upstox account and want to apply for LIC under the policyholder category, all you need to do is follow these simple steps.

  • Login to your Demat account .
  • After successfully logging in, click on ‘Discover’.
  • Look for LIC IPO and click on ‘LIC – Policyholder’.
  • Now fill in all the required information.
  • Enter the bid price.
  • Confirm and click on ‘Apply’.
  • You receive the mandate on your UPI app,which you need to accept.

To be eligible for applying via the policyholder’s category, you must have an LIC policy dated on or before 13 February 2022. Also, your PAN must be linked with the policy. Only if these conditions are fulfilled, you can apply via the policyholder category and enjoy these benefits.

  • 10% reserved allocation for LIC policyholders
  • Potential discount on the issue price

How to apply LIC IPO Investors Category ?

  • Login to Demat account
  • After successfully logging in, click on ‘Discover’.
  • Look for LIC IPO and click on ‘LIC – All Investors’
  • Now fill in all the required information
  • Enter the bid price
  • Confirm and click on ‘Apply’
  • Accept the mandate on your UPI app.

How to check LIC IPO Allotment Status?

The LIC IPO status is currently unavailable since the public offer has not yet been launched. Typically, it takes up to six days after the closing date of an IPO for the allotment process to complete.

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However, when the allotment process is complete, you can check the status of your application by visiting the LIC IPO allotment status page. You will need your PAN card number, IPO application number, or the DP/Client ID to check the allotment status.

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