<h1>President of India Offers Sale of LIC Equity Shares, Total Offer Size Reaches 6.5%</h1>
The President of India, acting through the Department of Financial Services, Ministry of Finance, Government of India, has proposed an offer for sale (OFS) of equity shares in Life Insurance Corporation Of India (LIC). The transaction involves the sale of stock via the Stock Exchanges (BSE and NSE), with the Seller exercising the Oversubscription Option.
The total Offer Size now stands at up to 82,22,49,701 Equity Shares, representing 6.50% of the total paid-up equity share capital of LIC. This offer is divided across different investor categories and timelines.
The initial Base Offer comprised up to 31,62,49,885 Equity Shares, which represents 2.50% of the Corporation's total paid-up equity share capital. The decision to exercise the Oversubscription Option adds an additional 50,59,99,816 Equity Shares (representing 4.00% of the total issued and paid up equity share capital).
The offer is structured across two main trading days: T day (August 4, 2026) for non-Retail Investors, and T+1 day (August 5, 2026) for Retail Investors, Employees, and non-Retail investors who carry forward un-allotted bids.
Offer Details and Allocations
A significant portion of the offer is allocated to employee and retail participation. Up to 50,00,000 Equity Shares will be offered specifically to eligible employees of the Corporation according to OFS Guidelines.For Retail Investors, 8,22,24,971 Equity Shares are available on T+1 day. These shares were part of the overall offer and represent 10% of the total Offer.
The bidding mechanism details include differentiated pricing for different investor segments:
- Retail Investors and eligible employees can bid at ₹373.10 per Equity Share after considering a discount of ₹710/- per Equity Share.
- The Cut-Off Price for non-Retail Investors remains unchanged at ₹383.10 per Equity Share.
Offer Size Summary
Details regarding the various components of the offer are presented in the table below:| Offering Component | Shares Represented | Percentage of Total Paid Up Capital | Maximum Shares Offered |
|---|---|---|---|
| Base Offer Size | 2.50% | 31,62,49,885 | |
| Oversubscription Option | 4.00% | 50,59,99,816 | |
| Total Offer Shares | 6.50% | 82,22,49,701 |
LICI Stock Price Movement
On Tuesday, Life Insurance Corporation of India shares shed significantly, settling at ₹391.30 after tumbling 8.68%. The stock saw a trading volume of 52.7 million shares as it traded through the day's session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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