Life Insurance Corporation of India (LIC) IPO Message Board (Page 75)

LIC IPO

Issue Price = 1.11 X Embedded Value (as of Sept’21)
Market Cap = 1.11 X 5,39,686 Crs = 5,99,051Crs
Rate per Share = MarketCap ÷ No. of Outstanding Shares = 5,99,051Crs ÷ 6,32,49,97,701 = 947/- = say approx. 950/-

Fair Value = 1.40 X Embedded Value (as of Sept’21)
Market Cap = 1.40 X 5,39,686 Crs = 7,55,560 Crs
Rate per Share = MarketCap ÷ No. of Outstanding Shares = 7,55,560 Crs ÷ 6,32,49,97,701 = 1,195/-

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

28th April – Announcement of Price Band
02nd May – Anchor Investors Allotment
04th May – Offer Opens
09th May – Offer Closes
12th May – Finalisation of Basis of Allotment
13th May – Unblocking of ASBA Accounts
16th May – Credit of Equity Shares to Depository Accounts
17th May – Commencement of Trading


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

Issue Opens on: 04 May 2022
Issue Closes on: 09 May 2022
Issue Type: Book Built Issue IPO
Issue Size: 22,13,75,000 Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.900 – Rs.950 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 @950/- = Rs. NIL Crs
Offer for Sale of 22,13,75,000 Shares @950/- = Rs.*20,864.59Crs
(*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 = 5,362.81Crs. (@950/-)
QIB – 3,76,33,750 Shares = 3,575.21Crs. (@950/-)
NII – 2,82,25,313 Shares = 2,681.40Crs. (@950/-)
RII – 6,58,59,063 Shares = 6,256.61Crs (Lot size: 15 = 43,90,604 Forms)
Employees – 1,10,68,750 Shares = 996.19Crs. (5% discount = @900/-)
PolicyHolders – 2,21,37,500 Shares = 1,992.38Crs. (5% discount = @900/-)
Total Issue – 31,62,49,885 Shares = 20,864.59Crs.

Subscription required for 1X
RII = 43,90,604 Forms
NII = 2,681.40 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

LIC IPO finally announced

Issue Size: 21,000 Cr

Issue Opens - Anchor - 2nd May 2022

Issue Opens: 4th May 2022
Issue closes: 9th May 2022
LIC IPO :
=======
size : 21000 Cr.
IPO Date : 04/05/2022 to 09/05/2022
Price Band : 954 - 960

@IPOTraders is there any discount for policyholders ?

@Animesh Kumar
policyholders quota discount will be confirmed once RHP is filed.

I think after listening it will avelable near Rs 700
Because it's govt. Company.

@Iponahimilraha
You will definitely get this IPO. It is better not to compare all Govt. IPOs with IRCTC. Exceptions are always there. Even POWERGRID was a good IPO and FPO. People will say the companies are in different fields. Better luck this time to you and get good profit like IRCTC. The size and pricing is important as we all know. Both are not as good as IRCTC and POWERGRID. Do you think listing near about 2,000. Sorry to say, not at all.

A good opportunity of investing in world 5th largest insurance Company which in tested , most trusted, safe and secure. I will definitely apply.

Price band 954-960

Enjoy

LIC IPO opening on 4th MAY & closing on 9th MAY. Anchor book will open on 2nd MAY
Sorce: CNBC TV18

LIC IPO OPEN ON 4th MAY 2022 AND CLOSE ON 9th MAY 2022. CONFIRMED BY MONEY CONTROL.

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.

LIC GMP 28/32

Tentative Timelines for LIC IPO

Issue Opens : 4th May 2022
Issue Closes: 9th May 2022
Issue Size: Rs 21,000 Cr

Note: These are tentative timelines which may change. We are expecting the formal announcement tomorrow.

@Team chittorgarh. In these days massage count not working. Please see it.

LIC. GMP. 26--30

Campus listing on 9th May
LIC IPO closes on 9th May... So Campus funds can't be used in LIC...

Is LIC IPO date, confirm?

@Rajkumar refunded money due to non-allotment can be used because campus refund starts on 5th may.But allotted amount in campus can't be used in lic ipo if last date for applying in lic ipo is 9th may.

HOS
LIC IPO postponed by 1 year

Is it true ??

@eagle
Dont spread fake news.

FPO after listing.

LIC IPO finally announced

Issue Size: 21,000 Cr

Issue Opens - Anchor - 2nd May 2022

Issue Opens: 4th May 2022
Issue closes: 9th May 2022

*LIC-Ipo Is Finally Announced*
*Issue Opens : 4th May 2022*
*Issue closes: 9th May 2022*
*Issue Size: 21,000Cr*

LIC GMP 43 Kadak buyer

BREAKING: Govt files updated DRHP for LIC IPO
Capital markets regulator Securities and Exchange Board of India (SEBI) is likely to approve the updated DRHP today (most likely)

*LIC IPO*

*Comparison with Peer Group* 22/April

HDFC Life | CMP = 554.50 | No. of Shares = 2,11,26,19,161 | MCap = 1,17,145Crs. | Embedded Value = 29,543Crs. | MCap / EV = *3.965*

SBI Life | CMP = 1,134.15 | No. of Shares = 1,00,03,70,562 | MCap = 1,13,457Crs. | Embedded Value = 35,290Crs. | MCap / EV = *3.215*

ICICI Life | CMP = 524.00 | No. of Shares = 1,43,73,10,661 | MCap = 75,315Crs. | Embedded Value = 30,203Crs. | MCap / EV = *2.494*

And,
*LIC IPO | Issue Price = 1,000 *(TENTATIVE)* | No. of Shares = 6,32,49,97,701 | MCap = 6,32,500Crs. | Embedded Value = 5,39,686Crs. | MCap / EV = 1.172*

@eagle
R u applying in lic ipo?

LIC GMP 18 - 22 @ 8:30 pm # 24 April.

With such low gmp, applying in policy holder quota looks viable option for now as there is 5% discount in this category. Applying in retail looks risky ..

@ Amit k Singh

Risk he to ishq he...

If in companies like Ruchi soya and lic risk nahi lege, tohh maal kaise kama payoge.

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.