LIC IPO Review, Dates, Allotment, Size, Live Bid Details, GMP & RHP

Let’s have a detailed review of the company and analytics of the LIC IPO release date, IPO offer price, subscription, LIC IPO allotment, grey market price and other details like the company’s background, Life Insurance Corporation of India financial positions, its promoters and other related things.Stock Broker Complaints


LIC IPO Review & Ratings

IPO Ratings & Review
CriteriaRatings
Industry Sentiments7.4/10
Industry Ranking7.1/10
Company Background8.2/10
Company Reputation7.7/10
Competitive Edge7.2/10
Financial Statements8.0/10
Popularity Index7.6/10
Promoters Reputation8.0/10
Retail Appetite7.5/10
Top Brokers Review8.1/10
Overall Ratings7.5/10
Star Ratings★★★★☆

Summary of LIC IPO

LIC IPO

The country’s largest institutional investor and the largest insurer, LIC, is the market leader in the life insurance industry both by premium collected, as well as the number of policies sold.

The government now proposes to sell a part of its holding in LIC by way of Initial Public Offer.

It is the only insurer offering sovereign guarantee meaning that the policyholders funds are completely secure. This is the reason that LIC policy premiums are higher than private sector counterparts.

Financial Analysis, as per the Restated Financial Statements

  • For the April to December 2019 period, LIC collected new premiums of Rs 1.37 lakh crore, showing a 45.5 percent year-on-year (YoY) rise. In fact in one month (December 2019), LIC wrote Rs 16,861.98 crore.
  • Despite the insurance industry having been privatised in 2000, LIC still remains the largest life insurer with 70.52 percent market share (by premiums as of December 2019)
  • LIC saw a 291 percent jump in its income from investment in a 10-year period between FY09 and FY19. Data from the LIC Annual Report 2018-19 released last week showed that the income from investments stood at Rs 2,21,573.72 crore at the end of FY19.
  • Putting the premium income and investment income together, the net total income stood at Rs 5.61 lakh crore in FY19 compared to Rs 2 lakh crore in FY09. Here, the premium income stood at Rs 3.37 lakh crore.

The Promoter of this company is . The lead managers to the issue are ARYAMAN FINANCIAL SERVICES LIMITED, GALACTICO CORPORATE SERVICES LIMITED. The Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.



LIC IPO Dates / Launch Date

The opening and the closing date of LIC IPO is not known yet.


LIC IPO Subscription 

Day / DateQIBNIIRIITotal Subscription
1st Day – 
2nd Day – 
3rd Day – 
4th Day – 
Shares Offered or Net Issue

The shares subscribed by the public will be updated here.


LIC IPO Allotment Status

Here, you can find the Allotment Status of this IPO. Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment status is not yet disclosed.

LIC IPO Listing Date

Find the dates below on basis of allotment, refund, listing and more:

Basis of Allotment Finalization
Refunds Initiation
Credit of Shares to Demat Account
Share Listing Date

LIC IPO Price Band / Cash Price

The face value of each share is Rs.[●], and the cash price of the IPO is [●]. 


LIC IPO Size

This Initial Public Issue of [●] Equity Shares of Rs.[●]each for cash at a price of Rs.[●] per equity share aggregating to Rs.[●] Lakhs.


LIC IPO Share Offering

Fresh Issue: The Fresh Issue of [●] Equity Shares by their Company of Rs.10 each at a price of [●] per equity share aggregating to Rs.[●] lakh,

Net Offer: The Net Offer of up to [●] Equity Shares of Rs.10 each at price of Rs.[●] per Equity Shares aggregating to Rs.[●] lakhs

Offer for Sale: Offer for sale consists of Up to [●] Equity Shares of face value of Rs.[●] each for cash at a price of Rs.[●] per Equity Share aggregating Rs.[●] lakhs.


LIC / Life Insurance Corporation of India- Company Overview

LIC continues to be the dominant life insurer even in the liberalized scenario of Indian insurance and is moving fast on a new growth trajectory surpassing its own past records. LIC has issued over one crore policies during the current year. It has crossed the milestone of issuing 1,01,32,955 new policies by 15th Oct, 2005, posting a healthy growth rate of 16.67% over the corresponding period of the previous year.

From then to now, LIC has crossed many milestones and has set unprecedented performance records in various aspects of life insurance business. The same motives which inspired our forefathers to bring insurance into existence in this country inspire us at LIC to take this message of protection to light the lamps of security in as many homes as possible and to help the people in providing security to their families.

LIC Notable Pressence

LIC had 5 zonal offices, 33 divisional offices and 212 branch offices, apart from its corporate office in the year 1956. Since life insurance contracts are long term contracts and during the currency of the policy it requires a variety of services need was felt in the later years to expand the operations and place a branch office at each district headquarter. Re-organization of LIC took place and large numbers of new branch offices were opened.

As a result of re-organisation servicing functions were transferred to the branches, and branches were made accounting units. It worked wonders with the performance of the corporation.

It may be seen that from about 200.00 crores of New Business in 1957 the corporation crossed 1000.00 crores only in the year 1969-70, and it took another 10 years for LIC to cross 2000.00 crore mark of new business. But with re-organisation happening in the early eighties, by 1985-86 LIC had already crossed 7000.00 crore Sum Assured on new policies.

LIC – Objective

 

  • Spread Life Insurance widely and in particular to the rural areas and to the socially and economically backward classes with a view to reaching all insurable persons in the country and providing them adequate financial cover against death at a reasonable cost.
  • Maximize mobilization of people’s savings by making insurance-linked savings adequately attractive.
  • Bear in mind, in the investment of funds, the primary obligation to its policyholders, whose money it holds in trust, without losing sight of the interest of the community as a whole; the funds to be deployed to the best advantage of the investors as well as the community as a whole, keeping in view national priorities and obligations of attractive return.
  • Conduct business with utmost economy and with the full realization that the moneys belong to the policyholders.
  • Act as trustees of the insured public in their individual and collective capacities.
  • Meet the various life insurance needs of the community that would arise in the changing social and economic environment.
  • Involve all people working in the Corporation to the best of their capability in furthering the interests of the insured public by providing efficient service with courtesy.
  • Promote amongst all agents and employees of the Corporation a sense of participation, pride and job satisfaction through discharge of their duties with dedication towards achievement of Corporate Objective.

LIC – Financial Statements

On the basis of Standalone statement:

Amount (in INR & Lakhs)
30-Sep-1931-Mar-19Mar-1831-Mar-17
Total Assets
Total Revenue
Total Expense
Profit After Tax

Earnings per Equity Share (in Lakhs)

Amount (in INR & Lakhs)
30-Sep-19Mar-1931-Mar-1831-Mar-17
Basic & Diluted

LIC IPO – Promoters

The Promoter of this company is:

  • Life Insurance Corporation of India

LIC IPO Offer Details or Issue Details

Particulars No. Of Equity Shares
 Equity Shares Offered 
 Of which:
Fresh Issue
Offer for Sale
Of which:

QIB Category 

Of which:
Market Maker Reservation Portion
Net Offer to Public
Of which:
 Equity Shares outstanding prior to the Issue
 Equity Shares outstanding after the Issue

LIC IPO Issue Object

These are the IPO Issue Objects of the company-

  • To meet the Working Capital Requirements
  •  General Corporate Purposes

LIC IPO – Basis of the Offer Price

The Offer Price has been determined by their Company and the Selling Shareholder in consultation with the Lead Managers on the basis of the key business strengths.

LIC IPO – Quantitative Factors

Basic & Diluted EPSRONW in %NAV (Rs.)
31-Mar-17
31-Mar-18
*31-Mar-19
  • Price to Earnings (P/E) ratio in relation to Price band of Rs.[●] of Rs.[●] per each
ParticularsP/E ratio
Highest
Average
Lowest

LIC Limited: Competitive Peers

Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)NAV per share (Rs.)
LIC Limited
Listed Peers
Dilip Buildcon
JMC Projects (India) Ltd
Prestige Estates Projects Ltd

LIC IPO Lead Managers

Lead Managers
[●]

LIC IPO Registrar to Offer

Registrar to the Offer
[●]

Other Details:

  • Statutory Auditor – [●]
  • Legal Counsel to the Company – [●]
  • Bankers to the Company – [●]

LIC IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

LIC IPO Grey Market Premium

The LIC IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


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    LIC IPO News

    News 1LIC IPO  [Download DRHP Prospectus]


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