Last Updated on 03/05/2022

LIC IPO Details

IPO Date: 4th May - 9th May, 2022

Price Band: Rs. 902 to Rs. 949

Min Quantity: 15 Shares

Maximum amt: Retail/ Employee/ Policy holder- Rs. 2 Lakhs

Retail Discount: Rs. 45 per share

Employee Discount: Rs. 45 per share

Policy holder Discount: Rs. 60 per share

LIC Overview

LIC is the largest life insurance company in India with a market share of above 66.2% in new business premium. With 1.34 million individual agents, it is the largest asset manager in India with an established track record of financial performance and profitable growth. As of September 30, 2021, it had 2,048 branch offices and 1,554 satellite offices in India, covering 91% of all districts in the country.

Frequently Asked Questions

What are the requirements to apply for the LIC IPO?

To apply for the LIC IPO through UPI channel, one must have a Demat account, Online Trading account and UPI ID linked to the bank account with sufficient funds.

Customers can as well apply through IOB Internet Banking or by visiting our branches across India

When can I apply for the LIC IPO?

The LIC IPO is open for application from 4th May to 9th May 2022

What is the lot size for LIC IPO ?

The LIC IPO market lot size is 15 shares and in multiples of 15

Can I modify my IPO application after submission?

No, you can't modify the existing application after submitting the same. In order to modify, you have to cancel the application and resubmit the same before 2 PM, 9th May.

Are there any benefits for policyholders while applying for the LIC IPO?

Policyholders who linked their policy to their PAN card before February 28th 2022, would be eligible to apply through retail as well as policyholder quota. They will also get a discount of ?60 per share under policyholder category.