LIC IPO 2022

LIC IPO 2022 – Best Review & Top Analysis

LIC IPO 2022 Latest Updates

LIC IPO 2022

LIC is the largest and leading asset management player in India. It seems one of the reputed IPO(initial public offerings) with stable financial standing and robust market presence in Indian market in the year of 2022. It has become the biggest insurance provider company in India with a Strong distribution network over active 12 lakhs agents and 3300 Micro insurance agents, etc.

The biggest strength of LIC:

  • It has a massive reach and a large agent pool which is 7.2 times than any other agent network.
  • It has become the largest insurance provider company with 2nd biggest insurer in India.
  • share and a 71% market share in rural regions.
  • It has a low-cost ratio as compared to other peers in the industry.
  • Extra returns on dividends and bonuses for policyholders.

The company’s top 5 selling individual products in H1FY22(First Half of Fiscal Year) were:

ProductsNew Policies
Jeevan Labh22.32%
New Endowment Plan18.50%
New Jeevan Anand Plan9%
Aadhaar Stambh8.5%
Aadhaar Shila7%

The company also owns large stakes in companies in India such as

  • 49.24% in IDBI Bank.
  • 45.24% in LIC Housing Finance.
  • 45% in LIC Mutual Fund Asset Management.

LIC IPO 2022 Latest Updates
LIC IPO 2022

LIC IPO: Objectives

As LIC is a government-owned company so the main aim behind the LIC IPO is to meet the disinvestment of the Government, and to raise funds through offer for sale(OFS).

Key Features of LIC IPO

IPO Opening Date :Update Soon
Closing Date:Update Soon
Size of IPO:~65416.29 crore
ListingBSE,NSE
No. of Share :~31,62,49,885
Price Band Per Share~Rs 2000 to 2100
Anchor Investor Allotment:9th March 2022
Lot Size:~7 share
No of share for employee:~1.58 crore
 No. of share for Policy holder:~3.16 crore  
Discount  for Employees and Policy HolderMaximum 10%  
After discount the price of shareRs.1890.00  

LIC IPO: BENEFITS OF EMPLOYEE AND POLICYHOLDERS

According to LIC DRHP, Company has announced Employee reservation part is expected a max of 5% of the total issue. Similarly, LIC also expected to announce some discount for its policyholder and reservation at a max of 10% of the total issue size to encourage them to invest. All interested policyholders are advised to link their PAN with policy within 28th Feb’ 2022, also advise to open a Demat account.


LIC IPO: Subscription Details

LIC IPO date s yet to be announced after the approval of its proposal. According to market reports, the offer is expected to be released for registration by the end of January 2022.

LIC IPO: Lead Manager

  • SBI Caps ,
  • Axis Capital,
  • Kotak Mahindra Capital,
  • Goldman Sachs,
  • Citi Group,
  • JP Morgan,
  • JM Financial,
  • Nomura,
  • ICICI Securities, and
  • Bank of America Securities.

PEERS COMPANY STATISTICS

Business MetricLICSBI LIFEHDFC  LIFEICICI PRUDENTIAL
AUM (cr)3676180220870173839214218
Net Premium(cr)405398.549668.338122.334933
NBP/Employee(cr)1.61.21.00.9
Net Profit(cr)2974.114601360960.2
Solvency Ratio(%)1.82.22.02.2
Claim Settlement Ratio(%)98.396.499.498
EPS4.714.566.746.66
ROE (%)81.715.217.611.7

NETWORK OF LIC

Headquarter-Mumbai
Zonal Office:8
Divisional Office:113
Computerized Branch2048
Satellite Office:1408
Direct Agent:1537064
Corporate Agent342
Referral Agent114
Broker:114
Tied Bank42  
No. of Employees114000

Key Statistics

No. Policy Holder290 Million
Asset of LIC37.46 lakh crore
Revenue (FY 2021)7.04 lakh crore
Profit after Tax (FY 2021-22 (1st half) )1437 crore
Market Value :5.5lakh crore
Premium Collected (FY 2020-21)1.84lakh crore
Paid out claims (FY 2020-21)1.34 lakh crore
Business Growth FY 2021Approx 10%

FAQ: |

Will LIC IPO benefit to policyholder?

As per Red Herring Prospectus presented by LIC to SEBI, 10% of the total share reserve for policy holder.

What is LIC IPO?

The first public issue of shares by a LIC to investors that is wholly owned by a government. After that investors get the opportunity to buy and sell LIC stock on daily basis.

Is LIC IPO good?

LIC is India’s largest insurance company and also the leader of premium collection and number of policies sold with good historical performance records.

Who can apply for LIC IPO?

Retail investors, employees of LIC, institutional investors and policyholders can apply for LIC IPO.

How to link Aadhaar and Pan with policy?

1) Go to office LIC website (www.licindia.in)
2) Click on link Aadhaar and Pan link
3) Enter your name as per Aadhaar/PAN, date of birth, mobile no.
4) Enter OTP received your mobile
5) Submit it
6) Successful registration process message will appear

Read Also: | Electric Vehicle Stocks in India – Upcoming Automobile Industry.


Disclaimer
All the information are used for education purpose only. Investing in IPO poses a risk of financial losses. Investors must therefore exercise due caution. InvestoAxis is not liable or responsible for any losses caused as a result of decisions based on the article.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related posts

Best Credit Cards in India 2022
Best Credit Cards in India 2022
Best Debt Consolidation Loan in 2022
When is the Best Time to Get a Consolidation Loan in 2022?
best cryptocurrency to invest now
Best New Cryptocurrency to Invest Now 2022
Best Debt Consolidation Loans 2022
5 Best Debt Consolidation Loans With Guaranteed Approval
Stocks That Are Part of Your Everyday Life
Top 10 Cryptocurrency to Explode in 2022
Top 10 Cryptocurrency to Explode in 2022
Best Trading Apps for Beginners
3 Best Trading Apps for Beginners
What is the PPP loan deadline?
What’s The Deadline for Applying for PPP Loan Forgiveness 2022?
Tax on Cryptocurrency in India

Now Investment become Simple

Join InvestoAxis and get financial dose with latest original fresh content. We will never spam you.

Be a part of our ever-growing community. Join us on Twitter.

Pages

We would like to keep you updated with special notifications.