LIC IPO Update
The Government Will Be selling 3.5% stake Entirely through an Offer for Sale (OFS) and 10% Of the shares are reserved for the LIC Policyholders and 0.7% for LIC Employees. And 31.25% Is reserved for retail Investors.
The Life Insurance Corporation of India (LIC) IPO is likely to be the biggest initial public offering in the Indian stock market. Meanwhile, the government has reserved 10% which is around 3.16 corers of shares of LIC through IPO.
Our Portal will Give you Each and every detail which You Are searching For.
This Below Date Are Very Important Dates If You Have Apply For the IPO or Wants to Apply IPO.
LIC IPO Dates Update:
| IPO Opening Date | May 4, 2022 |
| IPO Closing Date | May 9 ,2022 |
| 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 |
| UPI Mandate expiry date | May 10, 2022 |
LIC IPO Basic Details:
| Openning date May 04 2022 | Closing date May 09 2022 |
| Price Band ₹902 – ₹949 | Issue Size 21000 Cr |
| Face Value ₹ 10 (Per Equity Share) | Market Lot 15 Shares |
LIC IPO Latest News and Subscription Status Update
At 5:05:00 PM.
- This IPO has been subscribed 1.77x by 5:05 PM. on Day 5
- It is a public issue of 16,20,78,067 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.67x
- (NII) Non-institutional buyers: 1.21x
- (RII) Retail Individual buyers: 1.56x
- Employees: 3.75x
- Policyholders: 4.96x
At 4.05:00 PM.
- This IPO has been subscribed 1.76x by 4:05 PM. on Day 5
- It is a public issue of 16,20,78,067 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.67x
- (NII) Non-institutional buyers: 1.20x
- (RII) Retail Individual buyers: 1.55x
- Employees: 3.74x
- Policyholders: 4.94x
At 3.05:00 PM.
- This IPO has been subscribed 1.74x by 3:05 PM. on Day 5
- It is a public issue of 16,20,78,067 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.67x
- (NII) Non-institutional buyers: 1.20x
- (RII) Retail Individual buyers: 1.53x
- Employees: 3.70x
- Policyholders: 4.88x
At 2.05:00 PM.
- This IPO has been subscribed 1.73 x by 2:05 PM. on Day 5
- It is a public issue of 16,20,78,067 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.67x
- (NII) Non-institutional buyers: 1.19x
- (RII) Retail Individual buyers: 1.52x
- Employees: 3.68x
- Policyholders: 4.85x
At 1.05:00 PM.
- This IPO has been subscribed 1.72x by 1:05 PM. on Day 5
- It is a public issue of 16,20,78,067 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.67x
- (NII) Non-institutional buyers: 1.19x
- (RII) Retail Individual buyers: 1.51x
- Employees: 3.65x
- Policyholders: 4.82x
At 12.10:00 PM.
- This IPO has been subscribed 1.71x by 12:10 PM. on Day 5
- It is a public issue of 16,20,78,067 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.67x
- (NII) Non-institutional buyers: 1.18x
- (RII) Retail Individual buyers: 1.50x
- Employees: 3.63x
- Policyholders: 4.78x
At 10.40:00 AM.
- This IPO has been subscribed 1.69x by 10:40 AM. on Day 5
- It is a public issue of 16,20,78,067 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.67x
- (NII) Non-institutional buyers: 1.15x
- (RII) Retail Individual buyers: 1.48x
- Employees: 3.60x
- Policyholders: 4.74x
Important Links for Policyholders
- Check if PAN is linked to your LIC policy
- Link your PAN to existing LIC policy
- How to apply as a policyholder?
About LIC of India:
LIC Is Owned by The Government Of India. LIC IS The Only Life Insurance Company Which serve their facility to Rural And Urban areas. LIC Operates 8 Zonal And 113 Divisional Offices.
LIC IPO Purpose:
- The government aims to get 21,000 corers by offloading 3.5% of its shares.
- Enhance the brand image & provide a public market for the equity shares in India.
How To Apply For LIC IPO:
- Link your bank account to a UPI ID.
- Register your UPI id with your Demat account.
- Subscribe for LIC IPO and approve the payment on your UPI ID.