LIC IPO, India’s biggest IPO opens on May 4: Key things to know

On May 17, the LIC shares are expected to be launched on the BSE and NSE.

 

Anchor investors have committed to invest Rs 13,000 crore in the LIC IPO, more than twice the value of shares allotted to such investors.

 

The IPO was supposed to go live on March 31, but it was delayed due to unfavourable market circumstances caused by the Russia-Ukraine conflict.

 

The reservation portion for LIC policyholders will be 10% of the offer size, while workers would have 5% of the post-offer equity share capital reserved.

 

Policyholders will receive a Rs 60 discount, while LIC personnel applying for the public issue will receive a Rs 45 reduction.

 

The grey market premium (GMP) for the LIC IPO - the price exchanged in the grey market before the IPO listing procedure – is Rs 85 today, up from Rs 69 yesterday.

 

As a result, the LIC IPO requires a minimum investment of Rs 14,235 (i.e. Rs 949 x 15).

 

LIC IPO applicants will be allowed to apply in lots of 15, with each lot containing 15 LIC shares. An applicant can apply for as little as 1 lot and as many as 14.

 

Employees would receive around 15.81 lakh shares, while policyholders will receive approximately 2.21 crore shares.

 

The LIC IPO has a total value of Rs 21,000 crore, making it India's largest public offering to date.