The floor price for the OFS has been fixed at Rs 382 per share, representing a discount of 10.85% to LIC's previous closing price of Rs 428.50 on the NSE.
The OFS opened for non-retail investors on 4 August 2026 and will open for retail investors on 5 August 2026. Non-retail investors also have the option to carry forward their bids to the retail bidding day.
As of 11:00 a.m. on Tuesday, the non-retail portion had received bids for 9,70,91,389 shares, translating into a subscription of 34.11% of the base non-retail offer. The indicative price stood at Rs 382.01 per share.
Out of the base offer, 3,16,24,989 shares have been reserved for retail investors and 28,46,24,896 shares for non-retail investors. Under the greenshoe option, the retail portion can increase to 8,22,24,971 shares, while the non-retail allocation can rise to 74,00,24,730 shares.
The government has also reserved up to 50 lakh shares for eligible employees. Retail and employee investors bidding at the cut-off price will receive a discount of Rs 10 per share.
Life Insurance Corporation of India is engaged in the business of life insurance in and outside India. It offers a range of individual and group insurance solutions including participating, non-participating and unit linked business. The portfolio comprises of various insurance and investment products such as protection, pension, savings, investment, annuity, health, variable and CRAC.
The company reported 23.3% rise in consolidated net profit to Rs 23,467.18 crore in Q4 FY26 from Rs 19,038.67 crore in Q4 FY25. the company reported 23.3% rise in consolidated net profit to Rs 23,467.18 crore in Q4 FY26 from Rs 19,038.67 crore in Q4 FY25.
The company will declare its Q1 results on 6 August 2026.
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