Life Insurance Corporation of India IPO
Life Insurance Corporation of India was a mainboard IPO in the Life Insurance sector, offered at ₹451–₹474.5 per share to raise ₹21,008 crore. The issue was subscribed 2.95× overall (QIBs 2.83×, NIIs 2.91×, retail 1.99×). It listed on 17 May 2022 at ₹436 and closed its first day at ₹438, a listing loss of -7.8% versus the ₹474.5 issue price. It now trades around ₹383 (-19.2% versus the issue price).
Frequently asked questions
- How many times was the Life Insurance Corporation of India IPO subscribed?
- The Life Insurance Corporation of India IPO was subscribed 2.95× overall — 2.83× in the QIB category, 2.91× among non-institutional investors, 1.99× in retail.
- What were the Life Insurance Corporation of India IPO listing gains?
- Life Insurance Corporation of India listed on 17 May 2022 at ₹436, closing its first day at ₹438 — a listing loss of -7.8% versus the ₹474.5 issue price.
- What were the retail allotment odds for the Life Insurance Corporation of India IPO?
- Retail was subscribed 1.99×, so a single-lot application had roughly a 50.3% chance of allotment (about 1 in 2), and allotment was finalised on 11 May 2022.
- What was the price band and lot size of the Life Insurance Corporation of India IPO?
- The price band was ₹451–₹474.5 per share, with a minimum lot of 15 shares (₹7,118 at the upper band).
- Who were the registrar and lead manager for the Life Insurance Corporation of India IPO?
- KFin Technologies Limited was the registrar, and Kotak Mahindra Capital was the book-running lead manager.