LIC IPO Details
Life Insurance Corporation of India is one of the top life insurance providers in India with an approximate 69% market share and total asset value of Rs. 31,00,000 crore (FY 2018-19). While the LIC IPO opening date and the issue size is still unannounced, it is estimated that with this IPO, LIC intends to sell approximately 25% of the government stake and raise somewhere between Rs. 70,000 crore to Rs. 1,00,000 crore. It will be a 100% book built issue and will likely be one of the biggest IPOs to hit the market this year.
LIC IPO Dates
| Open Date | 4th May 2022 |
| Close Date | 9th May 2022 |
| Allotment Date | 12th May 2022 |
| Initiation of Refunds | 13th May 2022 |
| Credit of Shares to Demat Account | 16th May 2022 |
| Listing Date | 17th May 2022 |
LIC IPO Lot Size
| Minimum Lot Size | 1 |
| Maximum Lot Size | 14 |
LIC IPO Review/Ratings
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LIC IPO Subscription Breakup
| QIBs | 50% |
| Non-Institutional Investors | 15% |
| Retail Individual Investors | 35% |
How To Apply For LIC IPO?
- Go to the IPO Section => IPO Listing => Open IPO.
- On tapping LIC IPO, you can directly click on Subscribe to apply or even view the IPO details.
- On the Subscribe Screen/Page, you will be required to enter the number of lots, cut-off price, UPI ID and tap Verify.
- Once you select ‘Subscribe’. Your bid will be executed.
- You can check the status of your IPO bid in the IPO Transactions section.
Apply for the LIC IPO with Choice FinX