Life Insurance Corporation of India IPO – Schedule *(TENTATIVE | CapitalVia - Stocks | Nifty | Sensex | Commodity | NSE | BSE

Life Insurance Corporation of India IPO – Schedule *(TENTATIVE)*

07th March – Announcement of Price Band
09th March – Anchor Investors Allotment
10th March – Offer Opens
14th March – Offer Closes
17th March – Finalisation of Basis of Allotment
21st March – Unblocking of ASBA Accounts
22nd March – Credit of Equity Shares to Depository Accounts
23rd March – Commencement of Trading


Life Insurance Corporation of India IPO – Issue Information *(TENTATIVE)*

Issue Opens on: 10 March 2022
Issue Closes on: 14 March 2022
Issue Type: Book Built Issue IPO
Issue Size: 31,62,49,885 Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.2,000 – Rs.2,100 Share
Discount: 10% (for Employees & Policy Holders)
Market Lot: 7 Shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 6,32,49,97,701 Shares
Fresh Issue of NIL Shares @2,100/- = Rs. NIL Crs
Offer for Sale of 31,62,49,885 Shares @2,100/- = Rs.*65.416.29Crs
(*considering 10% discount for Employees & Policyholders)
Equity Shares outstanding after the Issue = 6,32,49,97,701 Shares

Category-wise Break up:
Anchor – 8,06,43,751 Shares = 16,935.18Crs (@2,100/-)
QIB – 5,37,62,480 Shares = 11,290.12Crs (@2,100/-)
NII – 4,03,21,860 Shares = 8,467.59Crs (@2,100/-)
RII – 9,40,84,341 Shares = 19,757.71Crs (Lot size: 7 = 1,34,40,620 Forms)
Employees – 1,58,12,494 Shares = 2,988.56Crs (10% discount = @1,890/-)
PolicyHolders – 3,16,24,989 Shares = 5,977.12Crs (10% discount = @1,890/-)
Total Issue – 31,62,49,885 Shares = 65,416.29Crs.

Subscription required for 1X
RII = 1,34,40,620 Forms
NII = 8,467.59 Crs


Life Insurance Corporation of India IPO – Financial Information (Basis of Valuation)

The information is collated from the following documents:
1) DRHP = Draft Red Herring Prospectus Dated February 13, 2022 (652 pages)

EPS for FY18-19 >>> Rs 4.15 (Page #97 of DRHP)
EPS for FY19-20 >>> Rs.4.29 (Page #97 of DRHP)
EPS for FY20-21 >>> Rs.4.70 (Page #97 of DRHP)
EPS for H121-22 >>> Rs.2.38 (Page #97 of DRHP)

RoNW for FY18-19 >>> 322.25% (Page #98 of DRHP)
RoNW for FY19-20 >>> 317.14% (Page #98 of DRHP)
RoNW for FY20-21 >>> 45.65% (Page #98 of DRHP)
RoNW for H121-22 >>> 18.76% (Page #98 of DRHP)

NAV as on September 30, 2021 was Rs.12.68 (Page #98 of DRHP)

Listed Industry Peer Group (Page #99 of DRHP):
SBI Life Insurance Company,
HDFC Life Insurance Company,
ICICI Prudential Life Insurance Company

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