LIC IPO launch date, issue size & details

As we all know that right now there is a huge buzz regarding the LIC IPO. Let us try to answer some of the questions regarding the LIC IPO.

What is the issue date of the LIC IPO?
According to the Reuters Report, LIC IPO may open for applications from 11th March, 2022 

What will be the Closing date for the Issuance of LIC IPO?
According to some rumours, March 14 will be the closing date for the issuance of the LIC IPO.

What will be the Issue Size for LIC IPO?
The issue size will be around 31,62,49,885 shares for LIC IPO.

What will be the Offer-for-Sale for LIC IPO?
The government is looking to sell 316,249,885 equity shares of face value Rs.10 each through the public issue

Is there any Discount for LIC Policyholders and Employees?
LIC has a special reservation of 3.16 crore shares for its 26-crore policyholders and Employees of LIC have a separate quota of 1.58 crore shares, and they are also allowed to apply in the retail category, subject to meeting other conditions. 

When will the Price Band of the LIC IPO be Announced?
The price band for the LIC IPO will likely to be announced on March 7

What will be the Market Lot for LIC IPO?
According to the rumours, 7 shares will be issued for LIC IPO in a single lot.

What is the allotment size for Anchor Investors?
The total allotment size for Anchor Investors is around 8.06 crore shares i.e. Rs.16,935.18 crore 

What is the allotment size for Qualified Institutional Bidders?
The total allotment size for Qualified Institutional Bidders is approx 5.37 crore shares i.e Rs.11,290.12 crore 

What is the allotment size for Non-Institutional Investors?
The total allotment size for Non-Institutional Investors is around 4.03 crore shares i.e. Rs.8,467.59 crore 

What is the allotment size for Retail Individual Investors?
The total allotment size for Retail Individual Investors is around 9.41 crore shares i.e. Rs.19,757.71 crore 

Who are the Listed Peers of LIC?
SBI Life Insurance Company, HDFC Life Insurance Company, ICICI Prudential Life Insurance Company are the listed peers of LIC.

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How to Increase the chances of LIC IPO allotment