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- With a rich legacy of more than 65 years, LIC is the largest life insurer in India
- 5th largest life insurer globally by assets and is recognised as the 3rd strongest and 10th most valuable global insurance brand
- Largest IPO in the history of Indian Capital Markets
- Issue received a robust response from Investors, clocking a 2.43x oversubscription, in the face of one of the most challenging market environments witnessed
- The IPO witnessed strong participation from marquee investors with ~98% of the anchor book allocated to long only investors
- Issue opened a new chapter in the Indian retail equity participation with ~78lk retail applications, the highest ever seen in the Indian capital markets
DEAL SUMMARY
| IPO Size | INR. 20,557 Cr | |
| Offer Price | INR 902 – INR 949 | |
| Discounts | Retail/ Employee – INR 45 Policyholder – INR 60 | |
| Issue Date | May 4, 2022 – May 9, 2022 |
STRONG RESPONSE ACROSS CATEGORIES
| QIB | 2.91x | |
| HNI | 2.37x | |
| Retail | 1.61x | |
| Employee | 2.94x | |
| Policyholder | 4.37x | |
| Total | 2.43x |