An AMFI Registered MF Distributor
Don't miss on the most awaited LIC IPO
Open free D'mat account to apply in this IPO.
Details you want to know first
Issue Size
Upto Rs. 20,557 cr.
Issue Period
May 4 – May 9, 2022
Price Band
Rs. 902 to Rs. 949
Market Lot / Multiples
15 shares
Timeline for LIC Issue
Bidding Period
May 4 – 9, 2022
Allotment
May 12, 2022
Refund Initiation
MAY 13, 2022
Share Crediting
May 16, 2022
Listing
May 17, 2022
About LIC IPO
Finance minister Nirmala Sitharaman in her 2022-23 Budget speech had said: "The public issue of the LIC is expected shortly." LIC's listing is crucial for the government to meet the lowered revenue estimates of Rs 78,000 crore for the current fiscal.
The Life insurance of India was established on 1 September 1956, under the Parliament act of India. As of 2019, Life Insurance Corporation of India had total life fund of around ₹ 28.3 trillion. The total value of vended programs in the time 2018 – 19 is ₹ 21.4 million. Life Insurance Corporation of India settled 26 million claims in 2018 – 19. It has 290 million policy holders.
What are the extra benefits for LIC Policyholders in LIC IPO?
In 2022-2023 budget officials announced that, up to 10 per cent of the LIC IPO issue size would be reserved for its policyholders.
What is the minimum documentation or criteria to avail this benefit?
-
Policyholders have to update their PAN card details, so they can avail the advantage in the proposed public offer.
-
Go to https://linkpan.licindia.in/UIDSeedingWebApp/getPolicyPANStatus to update your PAN online.
-
-
You need a D'mat account to apply for the IPO.
-
Click here to submit your request or get a call back for free D'mat account.
-
Key Strength of LIC
-
Leading insurance provider company in India and fifth largest global insurer by GWP.
-
A range of life insurance products to meet varied insurance needs of individuals.
-
Strong omni-channel distribution network; 1.34 million agents, 3463 active Micro insurance agents, 174 alternate channel, etc.
-
Largest asset manager in India with established financial performance track record.
-
Highly experienced and qualified management team.
How to Apply in LIC IPO with SMC?
How can i apply for the IPO ?
Bid Online : You can apply for this IPO through Infinity Finserv Pvt. Ltd. by using JM Financial app "BlinkTrade" or login to your JM Financial trading account panel.
