LIC IPO allotment check — here's how to find out if you have been allotted LIC shares

• Life insurance behemoth LIC is likely to announce its share allotment status today.
• India’s biggest IPO of a state owned insurance company’s largest IPO was subscribed 2.95 times.
• The IPO will be listed on May 17 on exchanges.

The state-owned Life Insurance Corporation of India (LIC) IPO – largest in the history of the Indian stock market – is likely to announce the allotment status of its initial public offering (IPO) today, May 12.

The IPO was open for subscription from May 4 to May 9. The company received bids for 47 crore shares as against 16 crore shares on offer.

The LIC IPO witnessed decent demand from investors as its IPO was subscribed for 2.95 times the number of shares offered in the six days of IPO bidding process. Although the IPO size is massive, the enthusiasm had tamed to some extent because of the weak market environment.

Moreover, the grey market premium of the company’s shares show a discount of ₹10 from the higher end of the price band. This suggests that the stock may list at a discount to the application price.

The portion reserved for retail investors was oversubscribed by 1.99 times on the last day of the IPO bidding process.

The price band of the IPO is fixed at ₹902-₹949 per share, which most analysts believe is low compared to other players.

Post listing, LIC may become the fifth largest company in terms of market capitalization on exchanges after RIL, TCS, HDFC Bank and Infosys.

Here is how to check LIC IPO allotment status on the stock exchange website:

• Go to the BSE website or NSE website here.
• Then, Select 'Equity' and then from the dropdown, select ‘LIC’.
• Now, enter your application number and PAN.
• Click on 'Search'.
• Please note the details will only be available once the shares are allotted.

You can also visit the registrar website (KFin Technologies Private) to check your application status.

• Visit the registrar's website here .
• Click on 'Select company' and click on ‘LIC’.
• Then, enter either your PAN, the application number, or the client ID.
• Enter the captcha and click ’submit’.

Once you hit 'submit', the status of your application will appear on the screen. Please ensure that the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you.


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