Life Insurance Corporation of India IPO – Issue Information *( | Indian Stock Market 🇮🇳

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

Issue Opens on: 02 May 2022
Issue Closes on: 05 May 2022
Issue Type: Book Built Issue IPO
Issue Size: 22,13,75,000 Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.950 – Rs.1,000 Share *(TENTATIVE)*
Discount: 5% (for Employees & Policy Holders)
Market Lot: 15 Shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 6,32,49,97,701 Shares
Fresh Issue of NIL Shares @1,000/- = Rs. NIL Crs
Offer for Sale of 22,13,75,000 Shares @1,000/- = Rs.*21,971.47Crs
(*considering 5% discount for Employees & Policyholders)
Equity Shares outstanding after the Issue = 6,32,49,97,701 Shares

Category-wise Break up:
Anchor – 5,64,50,625 Shares = 5,645.06Crs. (@1,000/-)
QIB – 3,76,33,750 Shares = 3,763.38Crs. (@1,000/-)
NII – 2,82,25,313 Shares = 2,822.53Crs. (@1,000/-)
RII – 6,58,59,063 Shares = 6,585.91Crs (Lot size: 15 = 43,90,604 Forms)
Employees – 1,10,68,750 Shares = 1,051.53Crs. (5% discount = @950/-)
PolicyHolders – 2,21,37,500 Shares = 2,103.06Crs. (5% discount = @950/-)
Total Issue – 31,62,49,885 Shares = 21,971.47Crs.

Subscription required for 1X
RII = 43,90,604 Forms
NII = 2,822.53 Crs.