Life Insurance Corporation IPO

Life Insurance Corporation IPO

is a Mainstream IPO, which is open for all investors from --- to ---. Promoters are offering --- equity shares to public through this issue which is worth of Rs 100,000 Crores (Tentative). For other IPO details on Life Insurance Corporation IPO, scroll below

IPO Details

Grey Market Premium of Life Insurance Corporation IPO

GMP of Life Insurance Corporation IPO is currently Not Available. Grey Market Premium will be updated once it’s available

Expected Listing Gains

LIC IPO is yet to open

Company Background

Life Insurance Corporation is a Mumbai based Insurer, with an annual revenue of Rupees 3.37 lakh crores.

  • LIC is one of the oldest insurers in India, it was formed in 1st September 1956
  • LIC has 8 zonal offices, 113 divisional offices, 2,048 branch offices, and 12 lakhs+ agents
  • a total of 112,000 employee’s on LIC’s payroll
  • Solvency ratio of LIC stands at 160%
  • Claim settlement ratio is around 98%

Date of Incorporation

Life Insurance Corporation was incorporated on 1st September 1956. 

Promoters of Life Insurance Corporation

Government of India is holding 100% of the total equity issued

Product & Services Offered

Nirmitee Robotics India Ltd offers following products & services to its clients:-

  • Life Insurance
  • ULIP
  • endowment plans
  • micro insurance
  • Pension plans
  • Health plans

Clientele base of the company

Company caters

  • retails as well as groups

Purpose of this IPO

Purpose of the issue:

  • Giving an easy exit to shareholders
  • General corporate purposes
  • To leverage the benefits of listing

Life Insurance Corporation IPO Issue Details

— Yet to open

IPO Timeline

—-

Company Financials

Ratings & Reviews of Life Insurance Corporation IPO

  • Yet to open

Investors are advised to conduct proper due diligence before investing in this IPO

Litigation Details

As per the information available, following is the status of litigation related to the company.

Red Herring Prospectus of Life Insurance Corporation IPO

IPO Lead Managers

Address of Life Insurance Corporation

For more information on Latest IPOs visit, iponivesh.com