The President of India, acting through the Department of Financial Services, Ministry of Finance, is offering up to 31,62,49,885 equity shares (2.50% equity) in the base issue through the stock exchange mechanism. The government has also retained an oversubscription option to sell up to an additional 50,59,99,816 shares (4% equity), taking the total offer size to 82,22,49,701 shares (6.50% equity).

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.