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Life Insurance Corporation IPO - All You Need To Know

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Company Profile

  • LIC' IPO is India’s biggest-ever IPO and the fourth-biggest IPO of any insurer globally. 

  • Government of India is the only shareholder in the company at present.

  • It is estimated that LIC will be second largest listed company in India upon its listing displacing TCS, and second only to Reliance..

  • LIC is the market leader in the life insurance sector.

  • LIC was incorporated in 1956.

  • LIC is governed by the government through LIC Act of 1956. 

  • LIC owns stake in multiple listed companies it is estimated that it owns holdings in value are equal to 4% of the entire market capitalization of all of the listed companies in India. 

  • LIC is worlds 4th largest insurer. 

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Timeline

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IPO In Numbers

Key Highlights 

  • Lot Size - To be announced

  • Quota for Retail Individual Investors - To be announced

  • Bid value: To be announced

  • Maximum Bid Allowed: To be announced

  • Numbers of shares at offer: 316,00,00,00

  • Promoter shareholding before IPO: 100%

  • Promoter shareholding after IPO: 5%

  • Larget shareholder: Government of India

  • Profitable company: Yes

  • Position in its industry: No. 1 position in life insurance

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