LIC IPO Allotment Status: LIC is one of the biggest insurance companies in India. Almost every citizen of India has heard the name LIC i.e., Life Insurance Company. The company opened its IPO on 4th May 2022. A huge amount of people applied for it. After the completion of the IPO application process, all the bidders are now waiting for the Life Insurance Corporation of India IPO allotment result. Individuals will be able to check the LIC allotment status of the IPO online on the official portal of the company’s registrar i.e., KFin Technologies Limited. The finalization of the basis of allotment will be done on 12th May 2022. Through the article, you will get information concerning LIC IPO Allotment Status. So do read the following article till the end.
LIC IPO Allotment Status
The company has almost 2048 branches across and outside the country and is still expanding. The company open its IPO to get the advantage of listing the shares on the stock exchange and carrying out a sale of around 221,374,920 shares by trading shareholders. A Retails Individual Buyers can apply for a maximum of 14 lots. The last to apply for the shares was 9th May 2022. The company has assets of Rs. 40,907,867.78 Million on 31st December 2022 with a profit (excluding Tax) of Rs. 17,153.12 Million. Through the article we have mentioned information like subscription details, the process to check the status, GMP, and other things. All the investors are instructed to visit the portal daily to get the latest update on the article.
|Name of the company||Life Insurance Corporation of India|
|Registrar Name||KFin Technologies Limited|
|Article Name||LIC IPO Allotment Status|
|Basis of Allotment||12th May 2022|
|Face Value of the IPO||Rs. 10 per share|
|Type of Issue||Book Built Issue IPO|
|LIC IPO Allotment Status Available at||NSE, BSE, Zerodha, IPOWatch|
|LIC IPO Share Price||Rs. 902 to Rs. 949 per share|
|Lot Size of the IPO||15 shares|
|Price Listing At||BSE, National Stock Exchange|
Life Insurance Corporation of India IPO Schedule
|Opening Date of the LIC IPO||4th May 2022|
|Closing Date of the LIC IPO||9th May 2022|
|Finalisation of the basis of allotment||12th May 2022|
|Commencement of Refunds||13th May 2022|
|Credit of share to Demat Account||16th May 2022|
|Listing of LIC IPO||17th May 2022|
LIC IPO Subscription Status
LIC IPO was subscribed 2.95 times on 9th May 2022. Given below is the table which will give you details about the subscriptions made by different categories:
|Qualified Institutional Investors||2.83 times|
|Non-Institutional Investors||2.91 times|
|Retail Individual Buyers||1.99 times|
How to Check LIC IPO Allotment Status?
All the bidders who want to check the LIC IPO Allotment status will be able to do it soon. Here we have mentioned the procedure through which investors will be able to check the status of the IPO hassle-free. Follow the below-given steps to check the LIC IPO allotment Status:
- Start the procedure by visiting the official portal of the company’s registrar i.e., https://karisma.kfintech.com/
- The home page of the portal will appear on the screen.
- Scroll through the page and find the option of quick links.
- Under that, you will see the link “Check IPO Status”.
- Click on that link and a new page will open on the device.
- Click on the LIC IPO and a new page will open in front of the screen.
- There you will see 5 links to check the allotment. Click on any one of them.
- On a new page, select the IPO for which you want to check the status.
- Now, select the option using which you want to check the IPO (Application Number/ DPID/ PAN Number)
- Afterward, enter all the details as per the choice made in the previous step.
- Recheck all the filled details and tap on submit.
- Within a few seconds, the allotment details will get open on the screen.
Life Insurance Corporation of India LIC IPO GMP
Grey Market Price for the Life Insurance Corporation of India is Rs. 5/-. It is the price at which the shares are being exchanged. Through GMP, bidders can estimate the listing price. To find the listing price, applicants will have to add GMP with the issue price. By adding GMP and issue price the estimated listing price is 954. All the readers are informed that GMP only estimates the listing price and the real listing price might differ.
We believe you guys found our article informative. If you have any feedback concerning the article, feel free to comment below.