The IPO of Life Insurance Corporation of India was opened for applications on 4 May 2022, which has been closed on 9 May. Investors who have subscribed to LIC IPO are awaiting allotment of shares. In this, the issue has been subscribed almost three times. The government will allot 16 crore shares of Life Insurance Corporation to the general subscribers.
The price band of the IPO has been fixed at Rs 902-949 per equity share. LIC policyholders will get a discount of Rs 60, while retail investors and employees will get a discount of Rs 40.
In this IPO, maximum 60 percent applications were from policyholders and the issue has been subscribed 6.12 times. Due to this the application quota has been subscribed 4.40 times. Apart from this, the quota of Retail Investors, Non Institutional Category and Qualified Institutional Buyers got subscribed 1.99, 2.91 and 2.83 times respectively.
According to a report in Mint, the allotment of LIC shares is due on May 12, but Life Insurance Corporation of India can issue it a day before. You can check your status anytime after the allotment of shares. To check the status, you can check the status of the shares by visiting the BSE or the official register website of this IPO.
how to check status
- To check LIC’s IPO, first you have to go to the link bseindia.com/investors/appli_check.aspx.
- After that you select the issue type.
- Now enter issue name, PAN details and application number.
- After that you trick on “I’m not a robot” button.
- Now Trick on LIC IPO Status Search Box.
Check LIC IPO Status with Keffin Tech
- First you have to go to kprismop.kfintech.com/ipostatus.
- Now go to LIC IPO in the dropdown.
- After that select any one in Application Number, DPID, Silent ID or PAN.
- Enter the application number and enter the captcha code and check the status.
Let us tell you that if the shares are not allotted, then the refund of money will start on May 13. Whereas after the shares are allotted, the shares can be sent to the demat account on May 16. Apart from this, the shares of LIC will be listed on the stock exchange on May 17.