IPO Date: 4th to 9th May 2022

Price Band

₹902 to ₹949

Issue Size

₹21,008.48 Cr.

Face Value

₹10 per equity share

Market Lot



The Life insurance pot of India was established on 1 September 1956, when the Parliament of India passed the Life Insurance of India Act that nationalized the insurance assiduity in India. Over 245 insurance companies and provident societies were intermingled to produce the state- possessed Life Insurance Corporation of India.

As of 2019, Life Insurance Corporation of India had total life fund of ₹28.3 trillion. The total value of vended programs in the time 2018 – 19 is ₹21.4 million. Life Insurance Corporation of India settled 26 million claims in 2018 – 19. It has 290 million policy holders.

LIC invests in sectors similar as banks, cement, chemicals and diseases, electricity and transmission, electrical and electronics, engineering, construction and structure, presto- moving consumer goods, finance and investments, healthcare, hotels, information technology, essence and mining, motor vehicles, and ancillaries, Oil and natural coffers, retail, textiles, transportation, and logistics.

LIC is going to open their public issue offer on 04 May and close on 09 may 2022

India's largest IPO will happen on May 4th, with a closing date of May 9th. The anchor investment opens on 02 May 2022. The central government was originally slated to sell about 5% of its stake, but it brought the share sale down to 3.5%. The price range for equity shares is Rs 902 to Rs 949.

Employees and retail investors will get a discount of Rs 45 per share, while policyholders will enjoy a discount of Rs 60 per share.

What are benefits for LIC Policyholders in LIC IPO?

In 2022-2023 budget officials announced that, up to 10 per cent of the LIC IPO issue size would be reserved for its policyholders. LIC officials inform to its policyholders to update their PAN card details, so they can avail the advantage in the proposed public offer.

If you are a LIC policyholder and going to apply for upcoming LIC IPO then you need a Demat account and also your PAN card details must be updated on your policy records.

How can LIC Policyholders check and update PAN with LIC policy?

How can LIC Policyholders link PAN card details with LIC policy?

  • Either go to LIC’s official website or visit the direct page
  • If you go to the website, on the home page itself select the ‘Online PAN Registration’ tab
  • In the Online PAN Registration page, tap the ‘Proceed’ button at the bottom.
  • Thereafter, on the new page, enter date of birth, gender, email id, PAN, full name as per PAN, mobile number, and LIC policy number.
  • Click the declaration checkbox.
  • Enter the captcha into the box.
  • From your registered mobile number, request an OTP.
  • On receiving the OTP, key in the digits into the portal and submit.

Competitive Strength

  • Leading insurance provider company in India and fifth largest global insurer by GWP.
  • A range of life insurance products to meet varied insurance needs of individuals.
  • Strong omni-channel distribution network; 1.34 million agents, 3463 active Micro insurance agents, 174 alternate channel, etc.
  • Largest asset manager in India with established financial performance track record.
  • Highly experienced and qualified management team.

Objects of the Issue

The IPO aims to utilize the net proceeds towards the following purposes;

  • To achieve the benefits of listing the equity shares on the stock exchange.
  • To carry out an offer for sale of 316,249,885 shares by selling shareholders.

LIC IPO Date, Market Lot & Price Band

IPO Opening Date 4 May 2022
IPO Closing Date 9 May 2022
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹902 to ₹949 per equity share
Market Lot 15 Shares
Min Order Quantity 15 Shares
Listing At BSE, NSE
Issue Size 221,374,920 Eq Shares of ₹10 (aggregating up to ₹21,008.48 Cr)
Offer for Sale 221,374,920 Eq Shares of ₹10 (aggregating up to ₹[.] Cr)
Retail Discount Rs 45 per share
Employee Discount Rs 45 per share
QIB Shares Offered Not more than 50% of the Net Offer
Retail Shares Offered Not less than 35% of the Net Offer
NII (HNI) Shares Offered Not less than 15% of the Net Offer

LIC IPO Details Allotment & Listing Date

Basis of Allotment Date May 12, 2022
Initiation of Refunds May 13, 2022
Credit of Shares to Demat Account May 16, 2022
IPO Listing Date May 17, 2022


What does LIC IPO mean?
The government of India is diluting its partial stake in LIC by launching the IPO and inviting the public to participate in its equity. With the launch of LIC IPO and listing, LIC will come under a direct scanner of SEBI and will have to comply with requirements for listed firms. This will enhance the transparency of LIC operations and strengthen overall corporate governance.
When will LIC IPO Come?
The LIC IPO date has been fixed for May 4. The LIC IPO will most likely open on May 4 and close on 09 May 2022.
Is it good to apply for LIC IPO?
As LIC is one of the best companies in the insurance industry, you might get a chance to earn more through their IPO if you are an investor.
When will LIC IPO be listed?
The listing date is May 17, 2022.
How will LIC IPO impact the existing policyholders?
In 2022-2023 budget officials announced that, up to 10 per cent of the LIC IPO issue size would be reserved for its policyholders. On the other hand, it is expected by the experts that the listing of LIC will indirectly benefit the policyholders. The listing of LIC will enhance transparency and governance in its operation as LIC will have to adhere to all listing requirements as per SEBI rules thereby boosting its efficiency. Moreover, it is speculated that LIC policyholders may get a reserved quota in this IPO.
What is LIC IPO expected price?
The price band is ₹902 to ₹949 per equity share.
How can you apply for LIC’s IPO?
You can apply for LIC’s IPO by visiting website.
What is the minimum order quantity for LIC IPO?
The minimum order quantity for LIC IPO is 15 shares.
What is the issue size of LIC IPO?
The size of LIC’s IPO is ₹21,008.48 Cr.

How to Apply in LIC IPO with SMC?

  • To Bid online, you need
    Demat Account and Pan card.

  • Login to SMC account and
    select the LIC IPO

  • Enter UPI Id & Mobile number

  • Place your number of bids
    with the exchange

  • A UPI mandate is sent to your
    UPI App to block your funds.

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