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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Life Insurance Corporation of India IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹949
Per ShareLot Size
15 Shares
Minimum Investment
₹14,235
Issue Size
₹19,968.02 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
100%
Issue Type
Book Building
ISIN
INE0J1Y01017
Life Insurance Corporation of India has been providing life insurance in India for more than 65 years and is the largest life insurer in India, with a 64.1% market share in terms of premium (or GWP), a 66.2% market share in terms of new business premium (or NBP), a 74.6% market share in terms of number of individual policies issued, a 81.1% market share in terms of number of group policies issued for Fiscal 2021, as well as by the number of individual agents, which comprised 55% of all individual agents in India as at March 31, 2021.
There are currently 24 life insurance companies in India, with Life Insurance Corporation being the sole public player. The size of the Indian life insurance industry was Rs. 6.2 trillion on a total-premium basis in Fiscal 2021, up from Rs. 5.7 trillion in Fiscal 2020. The industry's total premium has grown at 11% CAGR in the five years ended Fiscal 2021. CRISIL Research forecasts the industry's total premium to grow at 14-15% CAGR over the next five years, to reach close to Rs. 12.4 trillion by Fiscal 2026.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offer of 221,374,920 equity shares of face value of Rs. 10 each ("Equity Shares") of Life Insurance Corporation of India ("The Corporation" or the "Issuer") through an offer for sale of 221,374,920 equity shares by the president of india, acting through the ministry of finance, government of india ("Selling Shareholder") for cash at a price of Rs. 949 per equity share ('Offer Price"), aggregating to Rs. 20557.23* crores (the "Offer"). The offer includes a reservation of 1,581,249 equity shares aggregating to Rs. 142.95 crores (constituting 0.025% of the post-offer paid-up equity share capital) for subscription by eligible employee(s) (the "Employee Reservation Portion") and a reservation of 22,137,492 equity shares aggregating to Rs. 1968.02 crores (constituting 0.35% of the post-offer paid-up equity share capital) for subscription by eligible policyholder(s) ("Policyholder Reservation Portion"). The corporation and the selling shareholder, in consultation with the book running lead managers ("brlms"), offered (i) a discount of 4.74% on the offer price (equivalent of Rs. 45 per equity share) to the retail individual bidders bidding in the retail portion ("Retail Discount"), (ii) a discount of 4.74% on the offer price (equivalent of Rs. 45 per equity share) to eligible employee(s) bidding in the employee reservation portion ("Employee Discount"), and (iii) a discount of 6.32% on the offer price (equivalent of Rs. 60 per equity share) to the eligible policyholder(s) bidding in the policyholder reservation portion ("Policyholder Discount"). The offer less the employee reservation portion and policyholder reservation portion is hereinafter referred to as "Net Offer". The offer and net offer shall constitute 3.5% and 3.13%, respectively, of the post-offer paid-up equity share capital of the corporation. The face value of equity shares is Rs. 10 each. The offer price is 94.9 times the face value of the equity shares. *Subject to finalisation of basis of allotment.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
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*Real-time data subject to exchange updates
Life Insurance Corporation of India was established on September 1, 1956, under the Life Insurance Corporation Act. Further, the Corporation obtained its certificate of registration, bearing registration number 512, to undertake the business of life insurance by a certificate dated September 20, 1956 issued by the Controller of Insurance in accordance with the provisions of the Insurance Act. The Corporation obtained the certificate of registration from the IRDAI to undertake life insurance business on January 1, 2001 which was renewed on an annual basis under Section 3A of the Insurance Act. Further, pursuant to amendment to Section 3A of the Insurance Act with effect from December 2014, the process of annual renewal of certificate of registration was discontinued. Accordingly, the certificate of registration issued on January 31, 2014 continues to be in effect.
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.