Life Insurance Corporation of India IPO

  • Min. Investment13530/ 15 Shares
  • Min. Quantity15
  • Price Range₹902 - ₹949
  • Date Range04 May 22 - 09 May 22
  Retail Investor can invest upto Rs 2,00,000 in IPO
Dates
  • Application Start Date04 May 2022
  • Application End Date09 May 2022
  • Allotment begins
  • Refund Initiation Date13 May 2022
  • Allotment Date12 May 2022
  • Listing On Exchange17 May 2022
Registrar Information
  • NameKFin Techologies Ltd
  • Contact no.+91 40 6716 2222
  • Email IDlic.ipo@kfintech.com
Company Information

Incorporated in 1983, Kolkata-based Tarsons Products manufactures laboratory products that are used in various research organisations, pharmaceutical companies, academia institutes, hospitals and diagnostic centres.

The company plans to go public and here’s all you need to know about this IPO.

Financial information

Here’s the consolidated financial information for the last three years:

Particulars FY20 FY21 FY22
(Rs Crore)
Revenue 615920.26 681605.49 720313.67
Net Profit 2712.71 2900.57 4043.12
Total Assets 3095677.35 3811755.68 4230589.78
Strengths
  • Fifth largest life insurer globally by GWP and the largest player in the fast growing and underpenetrated Indian life insurance sector;
  • Trusted brand and a customer-centric business model;
  • Cross-cyclical product mix that caters to diverse consumer needs and an individual product portfolio that is dominated by participating life insurance policies;
  • Presence across India through an omni-channel distribution network with an unparalleled agency force;
  • Harnessing technology capabilities to support customer connect and drive operating efficiencies;
Risks
  • The ongoing COVID-19 pandemic could adversely affect all aspects of thd business, including: (i) restricting the ability of its agents to sell its products; (ii) significantly increasing its expenses due to changes in laws and regulations and investing in new methodologies to overcome the restrictions brought in to address the spread of COVID-19 and the adverse changes in population mortality/morbidity or utilization behaviours; (iii) adversely affecting its investment portfolio; (iv) adversely affecting its operational effectiveness; and (v) heightening the risks its face in the business, including those discussed in this Draft Red Herring Prospectus.
  • Its brand name, reputation and perception are critical in maintaining its leading position in the Indian life insurance industry and any unfavourable publicity concerning its could have an adverse effect on its brand name and consequently adversely affect its business, financial condition, results of operations and cash flows.
  • Adverse persistency metrics or an adverse variation in persistency metrics could have a material adverse effect on its financial condition, results of operations and cash flows.
  • Segregation of the single consolidated 'Life Fund' of the Corporation into two separate funds, viz., a participating policyholders' fund and a non-participating policyholders' fund, effective September 30, 2021 may adversely affect its business, financial condition, results of operations and cash flows.
  • Certain investments of the Corporation's pension and group and life annuity funds, which had previously been invested in Approved Investments, have been re-classified as other investment and as such other investments have not been transferred to the Shareholders' funds at amortised cost after 90 days, the Corporation is not in compliance with the IRDAI Master Circular on Investments version two issued in May 2017. The loss that would have accrued in the profit and loss account (Shareholders Account) had these investments been transferred to the Shareholders' funds at amortised cost was Rs. 5365.84 crores as at September 30, 2021.
Opportunities
  • Capitalize on the growth opportunities in the Indian life insurance sector
  • Further diversify its product mix by increasing the contribution of the non-participating portfolio
  • Reinforce its omni-channel distribution network and increase its productivity
  • Continue leveraging technology to aid growth, drive operating efficiencies and provide digital support
  • Maximize value creation through various commercial and financial levers as well as changes to the Corporation's surplus distribution policy
What is Pre Apply?

Pre Apply will allow you to apply for an IPO 1-3 days before the bidding period starts. You'll get the UPI payment mandate once the IPO is open.

Learn more about Pre applying
How to Apply?

Select the IPO you want to apply for from the list of open issues. Enter your correct UPI ID and select the investor type. The quantity should be a multiple of the lot size. If you wish to apply at the cut-off price, simply click on the checkbox next to ’Cut-off price’. You will receive an SMS from the NPCI confirming your bid and requesting you to accept the mandate on your UPI app. We have noticed a significant delay in UPI payment SMS/notifications from NPCI. Request you to be patient. Please ignore this message if you’ve accepted the mandate

How to check your IPO allocation status

Tarsons Products allotment status will be available on or around 23 November 2021. The allotted shares will be credited to the demat account by 25 November 2021. We will provide you with the link to check the allocation’s status as soon as the registrar makes it live. This may happen after the IPO is closed (after 17 November 2021).