The Government of India, Ministry of Finance, Department of Financial Services, as the promoter of Life Insurance Corporation of India (LIC), has formally exercised the oversubscription option for its Offer for Sale (OFS) of LIC equity shares.
Offer Structure and Size
The total offer size is now 82,22,49,701 equity shares of face value ₹10 each, representing 6.50% of LIC's total paid-up equity share capital. This comprises:
- Base Offer Size: 31,62,49,885 shares (2.50% of paid-up capital)
- Oversubscription Option: 50,59,99,816 shares (4.00% of paid-up capital) - now exercised
Transaction Timeline and Allocation
- T Day (August 4, 2026): Offer open for non-retail investors only
- T+1 Day (August 5, 2026): Offer open for retail investors, employees, and non-retail investors carrying forward un-allotted bids from T day
Reservation Categories
- Retail Category: 8,22,24,971 shares (10% of the total offer size) reserved
- Employee Category: Up to 50,00,000 shares reserved for eligible LIC employees
Pricing Terms
A discount of ₹10 per equity share will be provided exclusively to:
- Retail investors bidding at cut-off price
- Employees bidding at cut-off price
Retail investors not bidding at cut-off price will not receive the discount.