LIC IPO details

Application start 04-05-2022
Application end 09-05-2022
Allotment begins 12-05-2022
Refund Initiation 13-05-2022
Allotment date 16-05-2022
Listing on exchange 17-05-2022

LIC IPO - Individual Investor

Min. quantity 15
Price range ₹902 - ₹949
IPO Size ₹20557 Cr

The LIC IPO, which is the country’s biggest-ever public offering so far, has become the most talked about topic since the company decided to go public. The Indian government, which is the 100% owner of the insurance giant, will offload 3.5% of its stake in the company through the IPO route.
LIC Financials

Has omni-channel presence through agents (13 lakh+), bank partners, brokers and digital channel.
Ranked tenth globally in terms of total assets, as of 31 March 2021.
New business grew at a CAGR of 13.5% between FY19 and FY21.
Trusted brand with a diverse product portfolio.

Death claims increased to ₹2,392.69 crore for FY21 from ₹1,752 crore in FY20.
The market share dropped to 63.6% in the first half of FY22 from 66.4% in FY19.
None of its products are sold on third-party websites.
The lockdown affected its partners ability to sell products.

Government intervention in key business areas could affect decision making and utilisation of resources.
Agents are independent of LIC’s control and can easily missell the products.
Faces intense competition from private life insurers like HDFC Life and ICICI Pru Life.
The government raised the limit of foreign investment in Indian insurance companies, which can impact LIC’s market share.