Life Insurance | IPO - , Allotment, Analysis | 12024/12024
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07-Jul-2022 EOD 15 mins delay  NIFTY  16,132.90  [143.10]commodity-trading-and-shares-brokers-in-indiaAdani-Ports  703.60   [1.33]   |   Apollo-Hospitals  3915.25   [0.82]   |   Asian-Paints  2891.40   [1.05]   |   Axis-Bank  658.15   [0.03]   |   B-P-C-L  329.40   [2.52]   |   Bajaj-Auto  3795.50   [0.60]   |   Bajaj-Finance  5860.70   [-0.95]   |   Bajaj-Finserv  11967.35   [-0.51]   |   Bharti-Airtel  686.80   [-1.03]   |   Britannia-Inds  3810.25   [-0.54]   |   Cipla  935.25   [-1.09]   |   Coal-India  186.00   [2.37]   |   Divi's-Lab  3656.40   [0.32]   |   Dr-Reddy's-Labs  4336.45   [-1.22]   |   Eicher-Motors  2944.20   [1.25]   |   Grasim-Inds  1374.85   [0.38]   |   H-D-F-C  2245.55   [0.72]   |   HCL-Technologies  989.85   [0.33]   |   HDFC-Bank  1395.80   [1.79]   |   HDFC-Life-Insur  554.60   [-0.51]   |   Hero-Motocorp  2839.45   [0.27]   |   Hind-Unilever  2472.95   [-1.02]   |   Hindalco-Inds  361.65   [6.07]   |   ICICI-Bank  742.00   [2.21]   |   IndusInd-Bank  861.00   [2.92]   |   Infosys  1498.70   [0.47]   |   ITC  291.95   [0.92]   |   JSW-Steel  574.60   [3.62]   |   Kotak-Mah-Bank  1738.50   [1.99]   |   Larsen-and-Toubro  1611.10   [3.53]   |   M-and-M  1133.30   [2.60]   |   Maruti-Suzuki  8606.40   [-0.27]   |   Nestle-India  18204.95   [-1.00]   |   NTPC  140.45   [1.08]   |   O-N-G-C  123.50   [2.11]   |   Power-Grid-Corpn  212.55   [1.00]   |   Reliance-Industr  2388.10   [-0.98]   |   SBI-Life-Insuran  1124.60   [0.76]   |   Shree-Cement  20014.60   [0.12]   |   St-Bk-of-India  486.75   [1.42]   |   Sun-PharmaInds  849.45   [1.40]   |   Tata-Consumer  754.85   [0.65]   |   Tata-Motors  430.85   [3.48]   |   Tata-Steel  900.00   [4.88]   |   TCS  3287.85   [0.83]   |   Tech-Mahindra  1020.75   [1.07]   |   Titan-Company  2127.50   [5.66]   |   UltraTech-Cem  5838.85   [0.19]   |   UPL  682.75   [3.06]   |   Wipro  420.80   [1.14]   |   
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IPO Synopsis

Life Insurance Corporation of India
  • Registered Office:
    Yogakshema,
    Jeevan Bima Road Nariman Point, Mumbai - 400021,
    Maharashtra, India.
    Phone : 91-22-6659 8732  
    Fax:
  • Email : investors@licindia.com
  • Website :www.licindia.in
Initial public offer of 221,374,920 equity shares of face value of Rs. 10 each ("Equity Shares") of Life Insurance Corporation of India ("The Corporation" or the "Issuer") through an offer for sale of 221,374,920 equity shares by the president of india, acting through the ministry of finance, government of india ("Selling Shareholder") for cash at a price of Rs. 949 per equity share ('Offer Price"), aggregating to Rs. 20557.23* crores (the "Offer"). The offer includes a reservation of 1,581,249 equity shares aggregating to Rs. 142.95 crores (constituting 0.025% of the post-offer paid-up equity share capital) for subscription by eligible employee(s) (the "Employee Reservation Portion") and a reservation of 22,137,492 equity shares aggregating to Rs. 1968.02 crores (constituting 0.35% of the post-offer paid-up equity share capital) for subscription by eligible policyholder(s) ("Policyholder Reservation Portion"). The corporation and the selling shareholder, in consultation with the book running lead managers ("brlms"), offered (i) a discount of 4.74% on the offer price (equivalent of Rs. 45 per equity share) to the retail individual bidders bidding in the retail portion ("Retail Discount"), (ii) a discount of 4.74% on the offer price (equivalent of Rs. 45 per equity share) to eligible employee(s) bidding in the employee reservation portion ("Employee Discount"), and (iii) a discount of 6.32% on the offer price (equivalent of Rs. 60 per equity share) to the eligible policyholder(s) bidding in the policyholder reservation portion ("Policyholder Discount"). The offer less the employee reservation portion and policyholder reservation portion is hereinafter referred to as "Net Offer". The offer and net offer shall constitute 3.5% and 3.13%, respectively, of the post-offer paid-up equity share capital of the corporation. The face value of equity shares is Rs. 10 each. The offer price is 94.9 times the face value of the equity shares. *Subject to finalisation of basis of allotment.
Issue
Opens On Closes On
04-May-22 09-May-22
Money Payable On
Application Allotment
949.00 0.00
Minimum Application for shares in Nos : 15 Further Multiples of : 15
Cr Lead Managers to the Issue
Project Cost (.Cr) 0.00 Axis Capital Ltd
Project Financed through Current Offer (.Cr) 20557.23  
Post Issue Equity Share Capital (.Cr) 6325.00
Issue Price () 949.00
Projects
To achive the benefits of Listing the Equity Shares on the Stock Exchanges
Promoted By
The President of India
Listing At
BSE
NSE
Registrar to the Issue
No Data Available
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