Life Insurance Corporation of India
04 May 2022 – 09 May 2022
LISTED
Offer Price
₹902–949
Bid lot
15
Min Application
₹14,235
Issue Size
₹21,008 Cr
Key dates
Open date
04 May 2022
Done
Close date
09 May 2022
Done
Basis of allotment
—
TBA
Initiation of refunds
—
TBA
Credit to demat
—
TBA
Listing date
17 May 2022
Today
Issue reservation
₹21,008 CrQIB 50%Retail 35%5%
QIB
11.07 Cr sh · ₹10504.00 Cr
Retail
7.75 Cr sh · ₹7352.80 Cr
Employee
1.11 Cr sh · ₹1050.40 Cr
BRLM: Kotak Mahindra Capital Company Limited · Axis Capital Limited · BofA Securities India Limited · Citigroup Global Markets India Private Limited · Nomura Financial Advisory and Securities India Private Limited · Goldman Sachs India Securities Private Limted · ICICI Securities Limited · JM Financial Limited · J.P. Morgan India Private Limited · SBI Capital Markets Limited
Lot ladder — how much to bid
1 lot = 15 sharesRetail · Up to ₹2 L1–14 lots
Min · 1 lot
15 sh · ₹14,235
Max · 14 lots
210 sh · ₹1,99,290
S-HNI · ₹2 L to ₹10 L15–70 lots
Min · 15 lots
225 sh · ₹2,13,525
Max · 70 lots
1,050 sh · ₹9,96,450
B-HNI · Above ₹10 L71+ lots
Min · 71 lots
1,065 sh · ₹10,10,685
Entry point
₹10,10,685 onward
Issue details
Lead managersKotak Mahindra Capital Company Limited, Axis Capital Limited, BofA Securities India Limited, Citigroup Global Markets India Private Limited, Nomura Financial Advisory and Securities India Private Limited, Goldman Sachs India Securities Private Limted, ICICI Securities Limited, JM Financial Limited, J.P. Morgan India Private Limited, SBI Capital Markets Limited
Face value₹10
Listing onNSE
RegistrarKFin Technologies Limited
Live subscription
2.59×
0×1×2×3×+
Oversubscribed
Book₹18,907 Cr
Subscribed₹48,980 Cr
Applications—
Share-wise
by category| Category | Book Size | Subscription | No. of Times |
|---|---|---|---|
| QIB | 11,06,84,932₹10,504 Cr | 31,32,38,356₹29,726 Cr | 2.83× |
| HNI | 3,32,05,479₹3,151 Cr | 9,66,27,945₹9,170 Cr | 2.91× |
| Retail | 7,74,79,452₹7,353 Cr | 15,41,84,110₹14,632 Cr | 1.99× |
| Employee | 1,10,68,493₹1,050 Cr | 4,87,01,370₹4,622 Cr | 4.40× |
| Policyholder | 0₹0.00 Cr | 0₹0.00 Cr | 6.12× |
| Total | 19,92,32,877₹18,907 Cr | 51,61,23,836₹48,980 Cr | 2.59× |
*QIB Book Size is Gross — the anchor allocation is not on this record yet.
Subscription Demand
in ₹ crore| Category | Applied |
|---|---|
| QIB | 29,726.32 |
| HNI | 9,169.99 |
| Retail | 14,632.07 |
| Employee | 4,621.76 |
| Policyholder | — |
| Total | 48,980.15 |
Amounts at the upper band (₹949). Times figures are computed from the shares this page shows so Book × Times = Subscribed always cross-checks.
Grey-market sentiment
No grey-market data yet.
Documents
RHPOpen ↗
Filed with SEBI / the exchange by the issuer. Opens on the issuer's or the regulator's site.
How to apply
1Create your account & log inSign up on Investoyard and complete a quick KYC.
2Pick the IPO & tap ApplyOpen the live IPO and choose your investor category.
3Enter bid & quantityUp to 3 bids · cut-off or price band · retail cap ₹2,00,000.
4Approve the UPI mandateYou receive a fund-block request on your UPI app.
5DoneFunds stay blocked until allotment, then auto-debited (or released).
Frequently asked questions
What is the minimum investment in the Life Insurance Corporation of India IPO?
One lot of 15 shares — ₹14,235 at the upper price band of ₹949.
How many bids can I place?
Up to 3 bids per application. Retail applications are capped at ₹2,00,000; above that you must apply in the HNI category.
When are the funds debited?
Funds are blocked via a UPI mandate at application and debited only on allotment. If shares are not allotted, the block is released automatically.
When will the shares list?
Tentative listing on 2022-05-17 on NSE.