LIC Offer for Sale Opens on August 4 at a Floor Price of ₹382

The Government of India has announced an Offer for Sale (OFS) of equity shares of Life Insurance Corporation of India (LIC). The OFS opened today, August 4, 2026, for non-retail investors, and the retail and employee bidding window will open on August 5, 2026. 

The Government of India is offering 2.5% of LIC through an OFS, with a green shoe option to increase the sale to 6.5%. The floor price is ₹382 per share, a 10% discount to LIC's August 3 closing price of ₹424.35. If fully subscribed, the sale of 82.22 crore shares could raise nearly ₹31,000 crore for the government's disinvestment programme.

LIC shares crashed 8.7% today after OFS launched. However, the OFS has been subscribed for 29% of the total number of shares on offer, according to data available on the BSE, as of 11am Tuesday 4 August.

Key Highlights of LIC OFS

OFS Schedule
 

• August 4, 2026 – Non-Retail Investors: The bidding window for non-retail investors, including institutional investors, will remain open from 9:15 AM to 3:30 PM. Eligible unallocated bidders may choose to carry forward their bids to the following trading day.

• August 5, 2026 – Retail and Employee Investors: The bidding window for retail investors, employees and eligible carry-forward bids will remain open from 9:15 AM to 3:30 PM.

Discount for Retail Investors and Employees

Retail investors and eligible employees will receive a discount of ₹10 per equity share on the cut-off price determined on August 4, 2026.

What This Means for Investors

The LIC OFS provides investors with an opportunity to purchase shares directly from the Government of India at or above the prescribed floor price.

Investors should note that bidding at the floor price does not guarantee allotment. Shares will be allocated under the price-priority method, subject to demand, category-wise reservation and availability.

Investors are advised to check the applicable bidding window, available funds and OFS order details before placing their bids.