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May 4, 2022 - May 9, 2022

LIC IPO Subscription Details

LIC IPO Subscription Status Live

LIC IPO subscribed 2.95 times. The public issue subscribed 1.99 times in the retail category, 2.83 times in QIB, and 2.91 times in the NII category by May 9, 2022 (Day 6).

Investor CategorySubscription (times)Shares OfferedShares Bid forTotal Amount (Rs Cr.)*
Qualified Institutions2.8339,531,23611,20,68,96010,635.34
Non-Institutional Buyers2.9129,648,4278,61,93,0608,179.72
Retail Investors1.9969,179,66313,77,84,06013,075.71
Employees4.401,581,24969,49,965659.55
Others6.1222,137,49213,53,70,96512,846.70
Total 2.95162,078,06747,83,67,01045,397.03

Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.


LIC IPO (Day-wise) Subscription Details (times)

DateQIBNIIRetailEMPPolicyholderTotal
Day 1
May 4, 2022
0.330.270.601.171.990.67
Day 2
May 5, 2022
0.400.470.932.223.111.03
Day 3
May 6, 2022
0.560.761.233.064.011.38
Day 4
May 7, 2022
0.671.081.463.544.671.66
Day 5
May 8, 2022
0.671.241.593.795.041.79
Day 6
May 9, 2022
2.832.911.994.406.122.95

LIC IPO Shares Offered

LIC IPO is a public issue of 221,374,920 equity shares. The issue offers 69,179,663 shares to retail investors, 39,531,236 shares to qualified institutional buyers, and 29,648,427 shares to non-institutional investors.

CategoryShares OfferedAmount (Rs Cr) Size (%)
Anchor Investor59,296,8535,627.2726.79%
QIB39,531,2363,751.5117.86%
NII29,648,4272,813.6413.39%
Retail69,179,6636,565.1531.25%
Employee1,581,249150.060.71%
Policyholder22,137,4922,100.8510.00%
Total221,374,92021,008.48100%

IPO Investor Categories

  • Qualified Institutional Buyers (QIB)

    Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.

  • Non-Institutional Investors(NII)

    Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.

    NII category has two subcategories:

    1. sNII (bids below Rs 10L)

      The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category. This subcategory is also known as Small HNI (sHNI).

    2. bNII (bids above Rs 10L)

      The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory. This subcategory is also known as Big HNI (bHNI).

  • Retail Individual Investors(RII)

    The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.

  • Employee (EMP)

    A category of eligible employees who have a reserved quota in the IPO.

  • Others

    A category of eligible shareholders or other investors who have a reserved quota in the IPO.

What is the difference between RII, NII, QIB and Anchor Investor?

Disclaimer: The above information / data is sourced from National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) websites and is subject to change in real time. For latest information / data, please refer to the respective websites. The information / data provided here in is for informational purposes only and is provided by Chittorgarh.com on "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. Chittorgarh.com does not warrant the accuracy, adequacy or completeness of the information you obtain through the above websites. Chittorgarh.com shall not be liable in any way for any discrepancies, errors, omissions, losses or damage. Chittorgarh.com, including its affiliates and its directors, staff and employees, shall not be liable for any loss, damage of any kind, including but not limited to direct, indirect, punitive, exemplary, consequential damages and lost profits arising in any way out of the use of information / data obtained through the said websites. The recipient alone is fully responsible / liable for any decision made based on this information / data. All recipients, before relying on the said information, should do their own research and seek appropriate professional advice.

LIC IPO Subscription FAQs

The LIC IPO is subscribed 2.95 by May 9, 2022.

LIC IPO Subscription

Investor CategorySubscription (times)
Qualified Institutional2.83
Non Institutional2.91
Retail Individual1.99
Employee Reservations4.40
Others6.12
Total Subscription2.95

Retail category of LIC IPO subscribed 1.99 times as of date May 9, 2022. The public issue closes on May 9, 2022 for bidding.

An investor can apply in LIC IPO online via bank (using ASBA) or the broker (using UPI). The LIC IPO shares are offered online only.

The LIC IPO is subscribed 2.95 by May 9, 2022.

The LIC IPO allotment status is expected on or around May 12, 2022. Visit LIC IPO allotment status to check.

The LIC IPO listing date is Tuesday, May 17, 2022. The equity share of Life Insurance Corporation of India (LIC) will list on BSE, NSE.

Visit LIC IPO subscription status page for real-time bidding information about LIC IPO.

LIC IPO Timetable

IPO Opens OnMay 4, 2022
IPO Closes OnMay 9, 2022
Finalisation of Basis of AllotmentMay 12, 2022
Initiation of RefundsMay 13, 2022
Credit of Shares to Demat AccountMay 16, 2022
IPO Listing DateMay 17, 2022

52 Comments

12. Rajib Kumar Dey     Link|May 4, 2022 8:06:24 PM
If you don't have a policy and you apply under policy holder will your money be locked until the date of allotment and then returned or will it be rejected right when you submit your ipo bid
11. jain     Link|May 4, 2022 4:16:41 PM
Does proportionate allotment means that we will be allotted based on the number of lots we have applied and total applications? Even if the IPO is oversubscribed, will i be still getting shares?
11.1. Rony Joseph Kurian     Link|May 4, 2022 6:56:19 PM
Yes. Share allotment for policyholders and employee category applicants will be done on proportionate basis.
To clarify on what does this draw of lots and proportionate basis of allotment mean, Avinash Gorakshkar, Head of Research at Profitmart Securities said, "In retail category, share allotment will be done on the basis of draw of lots that means allottees will get lots through allotment or a minimum of 15 LIC shares if their application gets through the lucky draw. however, in the case of policyholders and employees category, all applicants will be given at least some share(s) on the proportionate basis that means here share allotment won't be done on the basis of lots. So, one should apply as much of lots as one can if it falls under the category of LIC policyholder and employees category. by doing this, they will be able to enhance their chances of getting more LIC shares."
10. Dnyaneshwar Sonkusare     Link|May 4, 2022 5:16:51 PM
I have linked my policy with DEMAT account before 28 Feb'2022. But my policy has been matured on 01.03.2022. Can I apply in policy
holder quota?
10.1. Ashok Manjhi     Link|May 4, 2022 6:01:21 PM
As per RHP, definition of Eligible policyholder is as below:

Policyholders (excluding such other persons not eligible under applicable laws, rules, regulations and non-Individual policy holders) of our Corporation having one or more policies of our Corporation as on the date of the DRHP and Bid / Offer Opening Date and are residents of India would be eligible to apply in this Offer under the Policyholder Reservation Portion. Note: A policyholder of our Corporation was required to ensure that his / her PAN details are updated
in the policy records of our Corporation at the earliest. A policyholder who did not update his / her PAN details with our Corporation before expiry of two weeks from the date of the filing of the Draft Red Herring Prospectus with SEBI (i.e., by February 28, 2022) shall not be considered as an Eligible Policyholder.

So, for you to become eligible policyholder, you need to have the active policy as on the date of the DRHP AND Bid / Offer Opening Date (i.e. 4-5-2022). Since your policy is lapsed in April 2022, you are NOT eligible to apply in Policyholder category.
10.2. Rony Joseph Kurian     Link|May 4, 2022 6:08:17 PM
NO. You are not eligible for policyholder category as you policy is matured and not valid now. The detailed explanation is given above by @Ashok Manjhi
9. Dipak shah     Link|May 4, 2022 6:01:19 PM
Retail aplication wise kitna hua
8. Dipak shah     Link|May 4, 2022 6:00:09 PM
Retail aplication wise kitna hua
7. Pavan     Link|May 4, 2022 5:15:43 PM
Zerodha allows to apply under only one category . If I apply under retail in Zerodha , can I apply under policy holder from another broker ?
6. Manoj Harodia     Link|May 4, 2022 3:42:13 PM
As an individual (having same PAN & Demat account) - can I apply 2 lot - one as policy holder and second one as retail investor?
6.1. Raja     Link|May 4, 2022 4:56:50 PM
Yes You are eligible as policy holder and normal investor also. You can apply in both
5. Team Chittorgarh.com     Link|May 4, 2022 1:45:12 PM
@Members,
The live subscrption issue with Policyholders quota is now resolved.
4. Kumar     Link|May 4, 2022 12:50:03 PM
Can I apply for the IPO in both in policy holder and in retail Category as HNI (more than 2 lacs)? OR is it restricted? please clarify
4.2. Jitin Gupta     Link|May 4, 2022 1:11:56 PM
yes you can apply in both category in policy holder as well as in individual
4.3. Ashok Manjhi     Link|May 4, 2022 1:34:11 PM
Here's how you can apply...
1) Those who don't have any policy, and are not employee can apply only in Retail/HNI, for HNI there no discount.
2) Those who are employee and have policy can apply in
Retail + Policyholder + Employee or HNI + Policyholder + Employee
3) Those who have policy but are not employee can apply in
Retail + Policyholder or HNI + Policy holder
3. Team Chittorgarh.com     Link|May 4, 2022 12:17:02 PM
@Members,
We are having technical difficulties in getting the policyholders subscription data from NSE exchange. Out team is working to resolve it asap.
2. B B     Link|May 4, 2022 10:50:09 AM
Can I invest in lic IPO in both retail and policyholder category
2.1. pavan     Link|May 4, 2022 11:40:18 AM
yes u can invest in both categories if u have LIC policy linked with your PAN

If you are employee of LIC u can invest in 3 categories....
1. M.RAMESH     Link|May 3, 2022 1:07:45 PM
Lic shares alot kaka pote money refund chestara
1.1. Bhargava M R     Link|May 3, 2022 4:24:07 PM
Chestaru
1.2. Kollipara sai     Link|May 4, 2022 9:54:36 AM
Ha chestharu bro avi ni account lo ASBA method dwara ni bank account lo block ayyi untay.once shares allot ayinappudu amount deduct avuthay.allot avvakapothe amount unblock avuthay.