LIC IPO Launch Date- GMP, Share Price, Lot Size
According to an ANI report, the government is unlikely to further reduce its stake in the Life Insurance Corporation of India (LIC). This has happened because of the long wait for LIC’s initial public offering (IPO). The government was aiming to raise around Rs 60,000 crore by selling its 5 percent stake.
LIC IPO is likely to be the biggest initial public offering in the Indian Stock Market. The Price band of the LIC IPO is yet to be announced.
The largest and most publicly traded life insurance company is about to qualify for a break in the stock market. LIC IPO Launch Date 2022 is scheduled to open on 10th March 2022, which provides the correct news. We suggest you read this post before subscribing to LIC IPO. The company has a vast network of 1.35 million insurance agents and is the oldest insurance business with major government holdings.
LIC IPO Launch Date 2022
As per the report, the Cabinet Committee on Economic Affairs (CCEA) has approved the IPO Plan of LIC and it is possible that the IPO will be launched this financial year. Therefore people can see Life Insurance Corporation IPO Date, Price Band, Allotment & LIC IPO Grey Market Premium etc updates.
The LIC Public Initial Offering will be completed by March 2022. Nirmala Sitharaman, the Indian finance minister is closely tracking the process. In preparation for the IPO worth Rs 80,000 to 1 Lakh crores, the company is preparing its financial statements to file the DRHP with SEBI for the last quarter.
The ministerial panel will decide what percentage stake in LIC is to be sold and how many shares are to be brought into the market. Apart from this, emphasis is also being given to internal efficiencies and product restructuring. The government proposes to list by March 2022. It is expected that LIC’s IPO will be the biggest IPO in the country to date.
LIC IPO GMP, Share Price & Lot Size
| Company Name | Life Insurance of India |
| LIC IPO Date | March 2022 |
| Registrar | kFin Tech Technologies Private Limited |
| LIC IPO Bid Start Date | Release soon |
| Last Date to bid | Announce Soon |
| Minimum Investment for LIC IPO | 14,700 INR |
| LIC IPO Size | 1,00,000 Crore |
| LIC IPO GMP | 2000 INR (Approx) |
| LIC IPO Price Band | 2,000 INR to 2,100 INR |
| QIB Quota | 50% |
| Retail Investors Quota | 35% |
| LIC IPO Allotment Date | By 25 March 2022 |
| LIC IPO Share Price Face Value | Rs 10/- |
| LIC IPO for Policyholders | Available |
LIC IPO Grey Market Premium 2022
The government is planning to raise between Rs 80,000 and 1,00,000 crore through the upcoming IPO. The upcoming IPO is set to attract all kinds of investors. According to the government, the IPO is a way for it to achieve its disinvestment target by 2021. The government will continue to hold a majority stake in the corporation after the offer of around 10% stake to the public.
Its valuation for LIC listing could be $26,100 million. According to the annual report of LIC, in the financial year 2019-20, the total estimated assets of LIC are around Rs 32 lakh crore or $ 439 billion. It has a market share of 69% in the home insurance sector. LIC IPO, once listed, is likely to become one of the largest domestic companies by market capitalization with an estimated valuation of Rs 8-10 lakh crore.
LIC IPO issue Date 2022
As per the Report of LIC, 10 percent of total shares are reserved for Policyholders in the IPO. LIC IPO for Policyholders has to be applied first by linking your PAN to your Policy Number. The reserved category of LIC IPO can’t be accessed if your PAN and policy number aren’t linked.
Here we are updating the LIC IPO Launch Date 2022. Also, you can view LIC IPO Status or check portals are available for Bid Date, Allotment date and IPO bid status. LIC’s IPO can prove very lucrative, so we recommend that you bid as soon as it is announced.
It should be noted that LIC IPO share price may go as high as Rs 10 per share and GMP is widely expected to range between Rs 1500/- and Rs 3200/- per share so that LIC IPO GMP could be around Rs 12 per share.
LIC IPO GMP 2022
An Initial Public offering from LIC can be profitable for people if the issue price is between Rs 2000/- and Rs 2100/-. IN LIC’s IPO, brokers reported a high GMP. If you find good enough LIC IPO GMP, candidates can transfer their shares to another person.
Higher LIC IPO GMP means higher benefits for the recipients of Initial Public Offering allotment. You can also get GMP price as per trade rules as the transaction is not official. As per our analysis, LIC’s IPO will have a higher GMP in 2022.
LIC IPO Key Points
- The Life Insurance Company will launch its IPO (Initial Public Offering) in March 2022.
- You can submit a LIC IPO Subscription application before the last date.
- A possible IPO Price range for LIC might be between Rs 1500/- and Rs 3200/-
- LIC IPO issue price can range between Rs 2000/- and Rs 2100/-
- After the IPO is released, the share lot size will be announced
- The face value of each share in the LIC IPO is Rs 10
- The minimum investment amount for the LIC IPO 2022 is also released after the announcement.
LIC IPO Price Band 2022
Institutions and investors alike closely monitor the LIC IPO process at every step, placing high hopes for its success. The IPO will be India’s biggest IPO ever. As a result, LIC contributes significantly to the Indian GDP and economy.
The government disinvestment target for 2020-21 can be achieved through IPO. A booming economy and market boost are likely to result. Reports indicate that the price range for LIC IPO will be between Rs.400 and Rs.600.
LIC IPO Allotment Date
Retail investors are eagerly waiting for LIC’s IPO. Finance Minister Nirmala Sitharaman had announced the sale of stake in LIC in last year’s budget speech, but its process was affected due to the Corona epidemic. The government plans to sell 5-6 government companies in the financial year 2022. Recently, Paytm had brought an IPO of Rs 18,300 crore, which is the biggest IPO ever in the country.
FAQs for Life Insurance Corporation IPO
What is the LIC IPO?
The government is diluting its stake in LIC through this upcoming IPO. It is an invitation for the public to participate in its ownership. Post listing the company will come under the regulation of SEBI.
When will LIC IPO open for subscription?
There is no information available to issue LIC IPO.
What is the minimum Lot size that retail investors can subscribe to?
The company has not disclosed any information in this regard.
When is the LIC IPO listing date?
The LIC IPO timeline is yet to be announced
What is the Life Insurance Corporation’s official website?
The official website is licindia.in