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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 Category | Subscription (times) | Shares Offered | Shares Bid for | Total Amount (Rs Cr.)* |
---|---|---|---|---|
Qualified Institutions | 2.83 | 39,531,236 | 11,20,68,960 | 10,635.34 |
Non-Institutional Buyers | 2.91 | 29,648,427 | 8,61,93,060 | 8,179.72 |
Retail Investors | 1.99 | 69,179,663 | 13,77,84,060 | 13,075.71 |
Employees | 4.40 | 1,581,249 | 69,49,965 | 659.55 |
Others | 6.12 | 22,137,492 | 13,53,70,965 | 12,846.70 |
Total | 2.95 | 162,078,067 | 47,83,67,010 | 45,397.03 |
Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.
Date | QIB | NII | Retail | EMP | Policyholder | Total |
---|---|---|---|---|---|---|
Day 1 May 4, 2022 | 0.33 | 0.27 | 0.60 | 1.17 | 1.99 | 0.67 |
Day 2 May 5, 2022 | 0.40 | 0.47 | 0.93 | 2.22 | 3.11 | 1.03 |
Day 3 May 6, 2022 | 0.56 | 0.76 | 1.23 | 3.06 | 4.01 | 1.38 |
Day 4 May 7, 2022 | 0.67 | 1.08 | 1.46 | 3.54 | 4.67 | 1.66 |
Day 5 May 8, 2022 | 0.67 | 1.24 | 1.59 | 3.79 | 5.04 | 1.79 |
Day 6 May 9, 2022 | 2.83 | 2.91 | 1.99 | 4.40 | 6.12 | 2.95 |
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.
Category | Shares Offered | Amount (Rs Cr) | Size (%) |
---|---|---|---|
Anchor Investor | 59,296,853 | 5,627.27 | 26.79% |
QIB | 39,531,236 | 3,751.51 | 17.86% |
NII | 29,648,427 | 2,813.64 | 13.39% |
Retail | 69,179,663 | 6,565.15 | 31.25% |
Employee | 1,581,249 | 150.06 | 0.71% |
Policyholder | 22,137,492 | 2,100.85 | 10.00% |
Total | 221,374,920 | 21,008.48 | 100% |
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.
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:
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).
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).
The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.
A category of eligible employees who have a reserved quota in the IPO.
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.
The LIC IPO is subscribed 2.95 by May 9, 2022.
Investor Category | Subscription (times) |
---|---|
Qualified Institutional | 2.83 |
Non Institutional | 2.91 |
Retail Individual | 1.99 |
Employee Reservations | 4.40 |
Others | 6.12 |
Total Subscription | 2.95 |
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.
Visit LIC IPO subscription status page for real-time bidding information about LIC IPO.
IPO Opens On | May 4, 2022 |
IPO Closes On | May 9, 2022 |
Finalisation of Basis of Allotment | May 12, 2022 |
Initiation of Refunds | May 13, 2022 |
Credit of Shares to Demat Account | May 16, 2022 |
IPO Listing Date | May 17, 2022 |
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