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Rainbow Children’s Medicare Limited IPO
April 25, 2022
Delhivery IPO
May 11, 2022
April 28, 2022

Life Insurance Corporation of India (LIC) IPO

Open: May 04, 2022 | Close: May 09, 2022


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To open an account with Navjeevan, click here.

About the business

LIC is the largest insurance provider company in India. It has a market share of above 66.2% in new business premium. The company offers participating insurance products and non-participating products like unit-linked insurance products, saving insurance products, term insurance products, health insurance, and annuity & pension products.
As of 30 Sep 2021, it has a total AUM of Rs. 39 lakh crore. LIC operates through 2048 branches, 113 divisional offices, and 1,554 Satellite Offices. It operates globally in Fiji, Mauritius, Bangladesh, Nepal, Singapore, Sri Lanka, UAE, Bahrain, Qatar, Kuwait, and the United Kingdom.
LIC is also the biggest player in India's equity markets, as of September 30, 2021, its investments in listed equity represented around 4% of the total market capitalization of NSE. Globally, LIC is ranked eighth in terms of total assets, as of March 31, 2021.

Funds from the fresh issue will be used for

The Company will utilize fresh issue proceeds for the following:
  • To achieve the benefits of listing the equity shares on the stock exchange.
  • To carry out an offer for sale of 316,249,885 shares by selling shareholders.

Company Financials (in crores)

IPO Schedule

What is the LIC policyholders category? Will LIC policyholders get any benefit if they apply?

"Policyholder" is a new category introduced for the LIC IPO, this category will have up to 10% of the issue reserved for the customers who hold policies of LIC. To apply in the policyholder category, you need to fulfill two conditions listed in the prospectus:
  • You have purchased your LIC policy on or before Feb 13th, 2022.
  • Your PAN has been mapped to your LIC policy on or before Feb 28th, 2022.
Policyholders will get a discount of Rs. 60 so the effective price would be Rs. 889

How to apply for an IPO/Buyback Online via Navjeevan?

  • Step 1: Go to our website and select an IPO that you wish to apply for.
  • Step 2: Log in your details (Non-Navjeevan Client can log in via their mobile number).
  • Step 3: Enter the price at which you want to apply for shares and the number of lots and provide your UPI ID
  • Step 4: Submit the application and then approve the block funds request on the UPI App.
  • Step 5: Done

Open: May 04, 2022 | Close: May 09, 2022

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  • Navjeevan Equity Broking Pvt. Ltd.: Member of NSE, BSE & MSEI – SEBI Registration No.: INZ000192035 (CM), Depositary Participant CDSL: 58300, SEBI Registration No. IN-DP-CDSL-482-2008. Navjeevan Trade & Commodities Pvt. Ltd MCX: 16690, SEBI Registration No. INZ000074331, NCDEX: 00348, SEBI Registration No. INZ000074331.

    Filing complaint on SCORES: “Procedure to file a complaint on SEBI SCORES: Register on SCORES portal. Mandatory details for filing complaints on SCORES: Name, PAN, Address, Mobile Number, E-mail ID. Benefits: Effective Communication, Speedy redressal of the grievances”.

    Attention Investors 1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. 2.Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. 3. Pay 20% upfront margin of the transaction value to trade in cash market segment 4. Investors may please refer to the Exchange’s Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard. 5. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month. Issued in the interest of Investors.

    Prevent unauthorised transactions in your account. Update your mobile numbers/email IDs with your stock brokers/depository participant. Receive information of your transactions directly from Exchange/DP on your mobile/email at the end of the day. Issued in the interest of investors. KYC is one time exercise while dealing in securities markets – once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary. Dear Investor, if you are subscribing to an IPO, there is no need to issue a cheque. Please write the Bank account number and sign the IPO application form to authorize your bank to make payment in case of allotment. In case of non-allotment the funds will remain in your bank account. As a business we don’t give stock tips, and have not authorized anyone to trade on behalf of others.

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    Disclaimer: Investment in securities markets are subject to market risks, read all the related documents carefully before investing. The securities quoted are exemplary and are not recommendatory. Brokerage will not exceed the SEBI prescribed limit.

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