lic ipo

LIC IPO Details

LIC IPO - the much awaited date has finally been revealed, it will open from May 4th, 2022. All eyes are set on this Mega IPO as it’s anticipated to be the biggest offering this country has ever witnessed.

The Life Insurance Corporation of India (LIC) has been providing life insurance in India for over 65 years and is the country's largest life insurer. No wonder, it is expected to be one of India’s highly anticipated initial public offerings. A whopping issue size of 22.14 crore shares is being offered by the Government of India who is the promoter. Interestingly, out of the whole lot, about 50% is reserved for Qualified Institutional Buyers (QIBs), while 15% is for non-institutional investors and the remaining 35% for retail investors. Owing to multiple reasons it was kept on hold and now that the LIC IPO dates have been announced, the entire market is abuzz. Keep your fingers crossed and stay tuned as we bring you more updates on the LIC IPO price, issue size and lots more. 

Click here to hear from our in-house expert Mr.Deepak Jasani - Head Retail Research, HDFC securities, as he briefly explains all about the biggest IPO.

LIC IPO Issue Details

Wednesday, May 4, 2022

Monday, May 9, 2022

₹902 to ₹949 per equity share

Minimum of 15 Equity shares & in multiple of 15 Equity shares thereafter.

Friday, May 13, 2022

₹21,008 Cr

QIB 50% - Retail 35% - NIB 15%

How to apply for LIC IPO

Retail investors have multiple ways to apply for the LIC IPO. There are two categories made available–one for LIC Policyholders and the other is a general or all investors’ category. If you are an LIC policyholder and select this category, you need to fill in the required information, enter the bid price, confirm and pay from your UPI app. Please note that eligibility criteria to apply under the policyholder category is that you need to have an LIC Policy that started on or before 13 February, 2022. Your PAN Card also needs to be linked with the policy if you want to apply under this category. LIC policyholders can enjoy benefits such as 10% reserved allocation and discount on the issue price.

For all the investors, two things are mandatory if you wish to apply–your PAN Card and a Demat Account with us. In fact, the Income Tax Department has made the PAN Card compulsory for every IPO so that they can keep track of each investor’s incoming and outgoing money. A Demat Account is necessary as this is where your shares will be credited if you receive an allotment. You can open a Demat account anytime you like through a simple and quick process. You can apply for the LIC IPO online via our online trading platform. Simply log into the HDFC Securities website, to the IPO and Order Book and you can check the status of your IPO application from here. Lastly, you can also visit any of our nearest branches and apply for the LIC IPO then and there itself. Click here to open an Account.


Apply Now For LIC IPO via :


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How to check LIC IPO Allotment status?

The allocated shares of your LIC IPO will be credited directly into your HDFC demat account. These would be available for you to sell at the exchanges on the date of the listing. However, details such as checking the LIC IPO allotment status has not been made available yet as the IPO has not been launched. It is usually done about a week after the closing date of the said IPO for the allotment process to be completed.

To check the LIC IPO allotment status, log into HDFC Securities website, Click the IPO button and then Order Book. Checking your demat allocation is another way of finding out the allocated shares. The allotment status will be updated on HDFC website only after the shares are transferred to your HDFC Demat Account, which typically takes place a day prior to the shares listing. You can check the status of your application by visiting the LIC IPO allotment status page. Just ensure that you have the required documents handy, such as your PAN card number, IPO application number, or Client ID to check the allotment status. Another way of checking the allotment status earlier, is visiting the IPO registrar's website. 


Why should you invest in LIC IPO?

First and foremost, the President of India, acting through the Ministry of Finance, Govt. of India is the company promoter of the upcoming LIC IPO. The Government intends to sell 3.5% of its stake in LIC for nearly INR 21,000 crore subject to the approval of the capital markets regulator Securities and Exchange Board of India, SEBI. Currently, LIC is the sole public player out of the total of 24 life insurance companies in India with an employee strength of 1,05,738 and 1.34 million individual agents spread across the country.  LIC is India's largest asset manager, with assets under management totalling Rs.36.8 trillion as of March 31, 2021. The investments of LIC in listed equities as on September 2021 represented approximately 4% of the total market capitalization of the National Stock Exchange. For the first half of financial year 2022, the net profit of the corporation was Rs.14.3 billion and the AUM reached Rs.39,558.9 billion. The LIC IPO Share Price Face Value is touted to be Rs. 10 and it seems really promising for the layman to invest as well.


Why should you apply for an LIC IPO?
Numbers speak for themselves. Ensure you make it all count as you apply for the biggest IPO the country has ever witnessed.

LIC IPO Objectives 

- To address working capital requirements
- To boost the Indian stock market
- To ease Government’s disinvestment goals
- To accelerate the country’s equity value 

The primary obligation through this investment of funds is to the policyholders whose money the corporation holds with utmost trust and aims to meet their reasonable expectations with regards to funds safety and assurance of optimal returns

Why Apply on HSL?

Applying for LIC IPO via HDFC Securities Limited is a completely hassle-free process. You need to have a Demat account for that. If you don’t have one already, no worries as it is an online, paperless procedure and can be done in a matter of a few minutes. Plus, the account opening and maintenance charges are zero. Rest assured, you can apply online for LIC IPO effortlessly. Besides IPOs, there are multiple features and tools that ensure smooth sailing in your investment journey, each customized as per your individual needs and preferences. Expert assistance is also offered via ProTerminal - an advanced system designed for our privileged investors for an in-depth analysis of the market, helping them make accurate real-time trading decisions.


LIC IPO – Why is it a Big Buzz?

The Indian government intends to sell 3.5% of its stake in LIC for nearly INR 65,000 crores. Known for providing life insurance in India for over 65 years, it is the country's largest life insurer. LIC's dominance among peers is unrivalled globally, with no other life insurance company in any country having such a large market share in its geography. Among the peer group studied, it ranks fifth in terms of net premium earned.

Competitive Market Strength in India

SWOT Analysis for LIC IPO


LIC IPO Updates & News

Ever since India’s largest life insurer announced its public offering, LIC IPO date and price became the most-anticipated aspects for the stock market. With the launch date revealed, investors are eagerly waiting to subscribe to perhaps the biggest IPO offering the country has seen. 


In the latest developments, the Government of India has filed an updated draft red herring prospectus (DRHP) for the LIC upcoming IPO, and once the capital markets regulator Securities and Exchange Board of India (SEBI) approves it, the government aims to file red herring prospectus (RHP) for the life insurer’s public offering by end of April 2022.

While everyone has been keen to know about the price, the band is expected to be around Rs 940 per share, according to sources. Click here to open an Account.

LIC v/s Competition


(H1 FY22)

Net Cash Added

(₹ in Billion)

Net Profit /Profit After Tax

(₹ in Billion) 


(₹ in Billion)



LIC 370.0 14.3 39558.9 77.5%
SBI Life  55.2 4.7 2442.0 4.8%
HDFC Life  50.9 5.8 1912.1 3.7%
ICICI Prudential Life  22.8 2.6 1814.9 3.6%
Max Life  38.9 1.4 1000.9 2.0%
Bajaj Allianz Life  23.1 1.9 39558.9 77.5%

Company Financials

Particulars For the year/period ended (₹ in Millions)
Summary of financial Information
(Restated Consolidated)
31-Dec-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 4,09,07,867.78 3,74,64,044.68 3,41,41,745.74 3,36,63,346.17
Total Revenue 17,573.49 29,855.71 27,309.56 26,449.96
Profit After Tax 17,153.12 29,741.39 27,104.78 26,273.78

Your wait ends here
LIC one of India's most trusted insurer, is now coming up with it's IPO, And a chance for financial growth.
Are you excited !
Invest today & rejoice everyday right from where you are.
How has the blockbuster LIC IPO faired so far?
Let’s get a lowdown from our inhouse expert Mr.Deepak Jasani - Head Retail Research, HDFC securities, as he briefly explains all about the biggest IPO.

*Disclaimer - These are illustrative details available in public domain. The securities quoted are exemplary and are not recommendatory. The information is only for consumption by the client and such material should not be redistributed.

When will LIC IPO open?

LIC IPO opens on May 4, 2022 and closes on May 9, 2022.

Who can apply?

Eligible Employee, Eligible Policyholder, Resident Indian individuals, Eligible NRIs, HUFs,    Minor, companies, corporate bodies, Trust.

Can I apply IPO through UPI & what is the limit?

Yes, you can apply IPO using UPI in Retail, HNI ( Upto 5 lacs)  Employee and Policyholder Category  (Upto 2 lacs ) maximum limit is Rs. 5,00,000. for applying through UPI.

What is the allotment date?

Allotment comes on 12th May, 2022.


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