LIC IPO Listing Date, Share Price, Allotment Date, Status, Lot Size, GMP & More

LIC IPO

The Government of India is contemplating listing LIC (Life Insurance Corporation) of India in the secondary markets in Feb 2022. The annual premium receivable by LIC was Rs. 2 lac crores in the financial year 2018-19. LIC had investments valued at Rs. 30 lac crores as on March 31st, 2019.

LIC Company Details

CompanyLIC
IndustryInsurance and financial services
FounderMinistry of Finance , Government of India
Founded1 September 1956
HeadquarterMumbai, India
RevenueUS$74 billion (2019)
Operating incomeUS$360 million (2019)
Net incomeUS$360 million (2019)
Total assetsUS$510 billion (2021)
Number of employees114,000 (in 2020)
Phone number+91-022 6827 6827
Websitewww.licindia.in
ContactLife Insurance Corporation Of India Central Office
‘Yogakshema’ Jeevan Bima Marg, Nariman Point, Mumbai, 400021

LIC IPO Registrar

IPO RegistrarTBA
Ph. NO.TBA
WebsiteTBA
EmailTBA

LIC IPO Details

IPOLIC
IPO Opening DateFebruary 2022
IPO Closing DateFebruary 2022
IPO Allotment DateFebruary 2022
Initiation of RefundsTBA
IPO Listing DateFebruary 2022
Issue TypeBook Built Issue IPO
Face ValueTBA
IPO PriceTBA
Market LotTBA
Min Order QuantityTBA
Listing AtBSE, NSE
Issue SizeTBA
Offer for SaleTBA

LIC IPO Lot Size

QuantityLotsSharesAmount (in ₹)
MinimumTBATBATBA
MaximumTBATBATBA

Key Points

  • According to Life Insurance Council, the number of LIC individual agents as of March 31, 2021, were 13.53 lakh compared to a total of 11.01 lakh agents for over 20 private life insurers.
  • According to LIC’s 2019-20 annual report, LIC had a market share of around 69% in the life insurance space.
  • LIC has over 1.14 lakh employees (in 2020).
  • LIC also has the following businesses: LIC Housing Finance, LIC Mutual Fund, LIC Pension Fund, LIC Cards Services. In 2019, LIC acquired IDBI Bank as well.
  • It faces competition from many private players offering better service to policyholders.
  • Being a PSU, there are certain restrictions on LIC.

More information on LIC IPO will be updated soon…

FAQs

Who is the owner of LIC?

Govt. Of India owns LIC (Life Insurance Corporation). LIC was founded on Sept 1, 1956.

When is LIC IPO listing date?

LIC (Life Insurance Corporation) IPO listing date is in Feb 2022.

When is LIC IPO allotment date?

LIC (Life Insurance Corporation) IPO allotment date is in Feb 2022.

When is LIC IPO launch date?

LIC (Life Insurance Corporation) IPO launch date is in Feb 2022.

What is the IPO share price of LIC?

IPO share price of LIC 2ill be updated soon.

What is the Lot Size of LIC IPO?

The Lot Size of LIC IPO will be updated soon.

Originally posted 2022-01-09 22:48:18.

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