About LIC IPO
LIC IPO Date: The Life Insurance Corporation of India (LIC) has submitted Draft Red Herring Prospectus paving way for the most-awaited public issue of the year. Life insurance policyholders who have one or more than one policy on the DRHP submission date i.e. 13th February 2022 shall be eligible for claiming the quota benefit.
Where 10 percent of the total LIC India share offer have been kept reserved for the LIC policyholders. However, the market is buzzed about the discount that LIC of India may announce for the policyholders.
LIC IPO Date & IPO Price Band Details
| IPO Open Date | 11th March 2022 (Expected) |
| IPO Close Date | Coming Soon |
| IPO Issue Size | 316,249,885 Eq Shares of ₹10 (aggregating up to ₹ Cr) |
| Offer for Sale | 316,249,885 Eq Shares of ₹10 (aggregating up to ₹ Cr) |
| Fresh Issue | – |
| Issue Type | Book Build Issue |
| Face Value | ₹10/ Equity Share |
| IPO Price Band | ₹ / Equity Share |
| Market Lot | – |
| Minimum Qty | – |
| Listing Exchange | NSE & BSE |
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
LIC IPO Market Lot Details
LIC IPO market lot details that you know the maximum lot size and minimum lot size and amount as well.
| Min Lot Size | N/A |
| Min Share | N/A |
| Min Amount | N/A |
| Max Lot Size | N/A |
| Max Share | N/A |
| Max Amount | N/A |
LIC IPO Allotment & Listing Dates
IPO Listing Date, Allotment Date, Refund Date, and Share Credit Date.
| Open Date | 11th March 2022 (Expected) |
| Close Date | Coming Soon |
| Allotment Date | Coming Soon |
| Refund Date | Coming Soon |
| Share Credit Date | Coming Soon |
| Listing Date | Coming Soon |
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Frequently Asked Questions
When will the LIC IPO issue launch for a subscription?
The date of launch of the IPO issue for LIC is not available as of now.
Who will be the Book Running Lead Managers for the IPO?
The names of lead managers will be disclosed after the issue of DRHP
Is the draft prospectus for LIC public issue available?
No, it has not been submitted yet by the company.
For how many shares, LIC will launch the IPO?
The IPO is likely to be launched for not more than 10% stakes of the government in the company.