Life Insurance Corporation of India (LIC) IPO Message Board (Page 89)

Dear SK Sharma,
As DRHP stated, allotment in LIC IPO policyholders reservation quota will be done on a proportionate basis. Read more details on below provided link;
https://www.chittorgarh.com/article/lic-policy-holders-ipo-reservation/547/
Warm Regards,
Team Chittorgarh

yani pahele crod pati ko milega fir hum jese garibo ko milega !! deva re deva ... ab to devi prasad ka ghar dhundhna hi padega ..😉

@Chalak Lomdi
it's not like that, the max application cap is 2 lacs,

So if you want to apply then apply for a full 2 lac application in the policyholder quota,

Even CR-pati can't apply a single application for more than 2 lacs in the policyholder quota.

If the policyholder quota is oversubscribed then those who have applied max 13 lots get first preference for allotment.

@eVA, in Adani Wilmar, as shareholder we were eligible to apply more than 2 Lakhs
Are you saying as policyholder we can't apply for more than 2 Lakhs?

Yes only 2 lakh application not more then this...

@Suneel Padavala
If any category offers a discount then they can't allow application of more than 5 lacs as per rule for that category.

Here cap is 2 lacs for LIC policyholder quota,

Else Big HNI will take 5-10% discount in front and just imagine how much they will earn.

Agree @eVA. Makes sense and logical not to give discount for big HNIs.

You may resume your policy but will prove unfruitful types as listing in discount possible

Madam ye GMP LIC ipo ki face value 1 ka hai ya face value 10 ka hai

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

I am really scared with this huge figures, what will happen if policy holders & employees dump these shares on listing date??. They get 10% discount so they don't mind selling at listing for meagre profit.
Will it be like adani were listing at meagre discount & price increase?
Let's see how market is in next week and gmp.

Eagle Eye Madam is back.. thank you ma'am :)

10% discount may spoil the listing,
5% discount is decent

Dear CA

Refer to message no 56 posted by Asoke Sarkar.

yes10% OF IPO aur 5% discount possible.

Dear p patel jee,
Thank you very very much for your advice on mfs intercorp.
Please 🙏 share if any other company at current turmoil in market.
Thank you sir jee once again for your advice.

@DHARMENDRA - Chittorgarh Admin and some members don't like discussion other than IPOs.

So I am sorry, but have stopped commenting further any more on other stocks and buybacks.