29 April, 2022

Life Insurance Corporation of India

       

 Rating:-48

 

Issue Open:            May 4, 2022 – May 9, 2022
Anchor:                   May 3, 2022
Issue Type:            Book Built Issue
Face Value:            Rs. 10 Per Equity Share
Equity Shares After Issue 6,32,49,97,701 Equity Share
Market Cap Upper Issue Price Rs. 6,00,242.28 Cr.
Issue Size:              OFS 22,13,74,920 Equity Share
Total Issue Size:              Rs. 19,516.78 - 20,557.24 Cr
QIB:                         50%
NII:                          15%
Retail:                           35%
PolicyHolders 2,21,37,492 Equity Share
Employ Quota: 15,81,249 Equity Share
Retail Discount:         Rs. 45
PolicyHolders Rs. 60 
Employ Discount:     Rs. 45
Issue Price:            Rs. 902 - 949 Per Equity Share
Retail Market Lot:           15 (13,560)
PolicyHolders Lot: 15 (13,335)
Listing At:              BSE , NSE
Registrar:               karisma.kfintech.com/
Company Website: www.licindia.in
Retail Applications For One Time:     46,11,978
Grey Market: 1. Premium     -6 -10
                                 2. Kostak Price ---
                                 3. Sub. 2 Kostak    ---
Timetabel:             Allotment                May 12, 2022

Unblocking              May 13, 2022

Listing                      May 17, 2022
Last Day Subscription Detail NSE + BSE
QIB: 2.38
NII: 2.91
Retail:                           1.99
PolicyHolders: 6.11
Employ: 4.40
Total: 2.95
Applications Approx :  73,37,575
No. of Applicant wise:     1.59x

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