Life Insurance Corporation IPO

LIC IPO launch is going to be the biggest ever IPO launch in India. The insurer is the oldest and the largest in India, controlling 72 percent of the market and enjoying 66.24 percent share in total first-year premium collection. The total valuation of LIC stands between Rs 9-10 lakh crore. LIC has 28 cores of policies in force with total premium collection of Rs 45 lakh crore.

Life Insurance Corporation IPO


Life Insurance Corporation

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Established in 1956, the state-owned life insurer and investor is also the largest in the country. It has headquarter located in Mumbai and branches spread across different locations in India. In the budget session of FY 20-21, Finance Minister Nirmala Sitharaman announced the proposal of minority shares selling of LIC through IPO launch. Given the sheer size of the corporation, it will be the biggest IPO launch in India. The government has asked bids from at least two transaction advisors with previous experience in handling IPO size of 5,000 crores in a pre-IPO launch activity.

Competitive Strengths

  • In FY 2018-19, LIC’s total asset volume was Rs 31.11 lakh crore
  • In 2018-19, LIC’s total premium receivable was 2 lakh crore
  • In 2019, LIC’s investment volume stood at Rs 29.84 lakh crore, including investments in debt and equity
  • LIC is the country’s largest insurer with 68.9 percent market share in the new business premium collection and 60.9 percent in annual premium collection


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Life Insurance Corporation IPO FAQs

What is an IPO?

An IPO (initial public offering) refers to a process of offering initial company shares of a private company (or government corporation) to general investors. Companies sell partial ownership to general and institutional investors through IPO and raise funds from public investors.

What is LIC Industries IPO?

LIC IPO launch is a part of the government’s divestment plan that targets to raise Rs 1.75 lakh crore to revive the Indian economy. LIC IPO will launch after October 2021.

How to apply for LIC IPO through Angel Broking?

Existing clients can apply through Angel Broking website or the mobile application. They must log in to their account to find all listed IPOs and select LIC IPO from the dropdown. Now easily apply for LIC IPO with Angel Broking. Open an Angel Broking Demat account. Click here.

When will LIC IPO open?

Tuhin Kanta Pandey, Secretary of DIPAM (Department Of Investment And Public Asset Management), confirmed that LIC IPO would go live during the third or final quarter of FY21-22.

What is the approximate lot size of LIC IPO?

The government can divest as much as 10 percent of its stakes in LIC. According to various analysts, the offer can go up to Rs 70,000 to Rs 1,000,00 crores, labelled it as the largest IPO launch in India.

How to apply for LIC IPO?

Investors can apply through stockbroking firms or banks which offer ASBA service. Open an Angel Broking Demat. Click here.

When is LIC IPO allotment?

The LIC IPO is expected to be announced in 2021. We will update the details on this page once the company files DRHP with SEBI.

When is LIC IPO listing date?

The LIC IPO is expected to be announced in 2021. We will update the dates once they have been announced.

How to pay for LIC Industries IPO using UPI?

Retail investors need to apply for LIC IPO using UPI or United Payment Interface, an online payment method. To pay through UPI, one needs to link their account to UPI payment handle, Google Pay or BHIM. While making payment, enter your UPI handle details and visit the UPI platform to approve the payment request.

How will I receive the LIC Industries IPOs?

Once allotted, the LIC IPO shares will get credited to your Demat account directly. Click here to open an online Demat account with Angel Broking.

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