There are some new IPOs scheduled to be launched in 2021. One of the IPO is Life Insurance Corporation of India. Finance Minister Nirmala Sitharaman declared in Union Budget 2021 that LIC IPO is going to launch this year.
LIC plans to begin an IPO to sell 10% of its shares and get listed on both NSE and BSE stock exchange. The LIC was founded on 1st September 1956. The Government of India controlled the LIC. The Indian government is planning to raise 70000 crores via LIC IPO.
LIC IPO 2021 is a better opportunity for all the retail investors who are planning to invest for the long term. The LIC policyholders have a separate quota in this IPO.
LIC offers the following life insurance schemes:
Endowment Plans:
The schemes under endowment are New Jeevan Anand, New Bima Bachat, Single Premium Endowment scheme, Jeevan Lakshya, Jeevan Labh, Aadhaar Stambh, Aadhaar Shila.
Whole Life Scheme- Jeevan Umang
Money-Back Scheme- New Money Back scheme (20 Years), New Money Back Plan(25 Years), Jeevan Umang, New Children’s Money Back, Jeevan Tarun, Jeevan Shiromani, Bima Shree
Term Assurance Plans- Tech Term, Jeevan Amar
Let’s discuss the details review of LIC IPO release date, company promoters, company strength, LIC IPO Listing Date & Issue Price Details, LIC IPO Market Lot, LIC IPO Allotment Status, Purpose of LIC IPO, LIC Financial Statement, etc.
Table of Contents
LIC IPO Information
LIC IPO Listing Date & Issue Price Details
| Face Value | Details will be available soon |
| Price Band | Details will be available soon- |
| Listing at | Details will be available soon- |
| IPO Open | Expected to Open in the year 2021 |
| IPO Close | Expected to Open in the year 2021 |
| IPO Size | Details will be available soon |
| Retail Portion | Details will be available soon |
| Issue size | Details will be available soon |
| Issue Type | Book Building Offer |
| Equity | Details will be available soon |
LIC IPO Market Lot:
| Min Lot Size | Details will be available soon |
| Min Amount | Details will be available soon |
| Max Lot Size | Details will be available soon |
| Max Amount | Details will be available soon |
LIC IPO Allotment Status
| Basis of Allotment | Details will be available soon |
| Initiation of Refund | Details will be available soon |
| Credit to Demat Account | Details will be available soon |
| Ipo Share Listing | Details will be available soon |
Purpose of LIC IPO
| Particulars | Amount(Crores) |
| Details will be available soon | |
| Details will be available soon | |
| Details will be available soon | |
| Details will be available soon | |
| Total |
LIC Financial Statement(Details will be available soon)
| 31st March 2018 | 31st March 2019 | 31st March 2020 | 30 September 2020 | |
| Total Assets | – | – | – | – |
| Total revenue | – | – | – | – |
| Total Expenses | – | – | – | – |
| Profit After Paying Tax | – | – | – | – |