LIC IPO Allotment Status Online
The LIC is India’s largest insurance provider. In terms of new business premium, it has a market share of more than 66.2 percent. The company provides both participating and non-participating insurance products such as unit-linked insurance products, saving insurance products, term insurance products, health insurance, and annuity & pension products.
It has a total AUM of Rs. 39 lakh crore as of 30 September 2021. The LIC network consists of 2048 branches, 113 divisional offices, and 1,554 satellite offices. It has offices in Fiji, Mauritius, Bangladesh, Nepal, Singapore, Sri Lanka, the United Arab Emirates, Bahrain, Qatar, Kuwait, and the United Kingdom.
Life Insurance Corporation of India IPO (LIC IPO) Detail
Nota bene: The Registrar of the LIC IPO is in charge of IPO allotment and refund processing. If you have any questions about the IPO Allotment Status Online, please contact the registrar. Check out the Basis of Allotment document to learn more about the allocation of shares in the Life Insurance Corporation of India IPO.
The status of the LIC IPO allotment is not available at this time. The IPO share allotment process takes 6 working days from the closing date of the issue. Please return to this page to see the most recent updates on the Life Insurance Corporation of India IPO allotment status.
Objects of the Issue:
The IPO aims to utilize the net proceeds towards the following purposes;
- To achieve the benefits of listing the equity shares on the stock exchange.
- To carry out an offer for sale of 316,249,885 shares by selling shareholders.
LIC IPO Details
LIC is a hybrid of an insurance company and an investment firm. Their plans are a hybrid of insurance and guaranteed-return investments.
LIC has over 13.5 lakh agents who bring in the majority of new business. LIC plans provide ‘fixed returns’ as well as life insurance coverage. This makes it simple for agents to sell and provides insurers with peace of mind.
The public has a high level of trust in LIC for both life insurance and investments. In India, LIC is synonymous with insurance.
The LIC manages assets worth Rs 39 lakh crores. That is more money than the entire mutual fund industry combined. They invest these funds in both stocks and bonds. They own 4% of all Indian listed stocks. and
|IPO Opening Date|
|IPO Closing Date|
|Issue Type||Book Built Issue IPO|
|Face Value||₹10 per equity share|
|IPO Price||[.] to [.] per equity share|
|Min Order Quantity|
|Listing At||BSE, NSE|
|Issue Size||316,249,885 Eq Shares of ₹10|
(aggregating up to ₹[.] Cr)
|Offer for Sale||316,249,885 Eq Shares of ₹10|
(aggregating up to ₹[.] Cr)
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