One of India’s oldest and most reputable insurance providers is The Life Insurance Corporation (LIC). Investors showed a great deal of interest in its Initial Public Offering (IPO), and many excitedly submitted applications for shares.
Checking the LIC IPO allotment status is a critical next step once the IPO subscription period has ended. In this article, we’ll tell you How to Check Lic Ipo Allotment Status.
Check LIC IPO Allotment Status
One of the most talked-about recent occurrences on the Indian stock market was the LIC IPO (Initial Public Offering). The largest recent public offering in India is the LIC IPO. In contrast to the insurer’s anticipated Rs 2 trillion valuations, the government hopes to collect Rs 1.5 trillion by selling a minority part in it.
Knowing the allotment status and listing date is important if you intend to apply for the LIC IPO or any other IPO. Here, we’ll explain how to look up information on the LIC IPO’s performance, listing date, and allocation status. India’s largest IPO, the Life Insurance Corporation of India (LIC) IPO, has finally taken place. At a press conference on Wednesday, April 27, 2022, the government disclosed the launch date, the size of the allotment, and other information.
One of the largest mega IPO in the Indian stock market’s history will be released next month. You must make sure that your PAN information is in LIC’s system and that you have a Demat account if you are a LIC policyholder interested in taking part in an IPO.
Your PAN information must be the same in the LIC system and the Demat account in order to check your LIC allotment status. For the LIC IPO, non-policyholders may also apply. If you’re considering taking part in a LIC IPO, you probably want to know how to check your allotment status.
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How to check LIC IPO allotment status on the BSE website
As previously noted, a bidder can check in through the direct BSE link and proceed as follows:
- Login at the direct BSE link
- Select LIC IPO
- Enter your LIC IPO application number
- Enter your PAN details
- Click on ‘I’m not a robot; and
- Click on the ‘Submit’ button.
How to check LIC IPO allotment status on the KFintech website
If you want to check the status of your LIC IPO allotment on the official registrar’s website, log in using the direct KFintech link provided above and then follow the instructions listed below:
- Login at the direct KFintech link
- Click on LIC IPO
- Choose either the Application Number the DPID/Client ID or the PAN (let’s take the Application Number).
- Enter the LIC IPO application number
- Fill Captcha; and
- Click on the ‘Submit’ button.
LIC IPO Detail – Life Insurance Corporation of India IPO Detail
The biggest insurance company in India is LIC. Over 66.2% of the market for the new business premium belongs to it. The company provides non-partnership and participatory insurance products including unit-linked insurance, savings insurance, term insurance, health insurance, and annuity and pension products. (List of LIC Plans and Policies)
Its AUM as of September 30, 2021, is $39 trillion. LIC employs 1,554 satellite offices, 113 divisional offices, and 2048 branches to carry out its business. The United Kingdom, UAE, Bahrain, Qatar, Mauritius, Bangladesh, Nepal, Singapore, Sri Lanka, and Fiji are among the international locations where it conducts business.
- Read More about:- Life Insurance Corporation of India
Issue objects
The main objective of an IPO is to utilize net income for the following purposes:
- To reap the advantages of stock exchange listing equity shares.
- By selling shares to shareholders, 221,374,920 shares will be offered for sale.
Main Dates
Allocation Date: 12 May 2022
Refund Commencement: 13 May 2022
The credit of shares in the Demat account: 16 May 2022
Expected List Date: 17 May 2022
The LIC IPO will start on May 4, 2022, and end on May 9, 2022. The IPO’s price range has been set at US$902–$949 per share.
In order to raise around Rs. the government sold a 3.5 percent interest in the insurance firm. plans to raise 21,000 crore rupees. A net offer (OFS) for the sale of up to 221.37 million shares will be made during the IPO.
LIC IPO Schedule
Opens On: May 4, 2022
Closes On: May 9, 2022
Finalization of Basis of Allotment: May 12, 2022
Initiation of refunds: May 13, 2022
Equity Shares Credit: May 16, 2022
Listing Date: May 17, 2022
LIC IPO Details
Issue Open: May 4, 2022
Issue Close: May 9, 2022
Face Value: ₹10
IPO Price: ₹902 – ₹949
Listing At: BSE, NSE
IPO Size: ₹21,008.48 Cr
IPO Lot Size: 15
Conclusion
For all IPO applicants, checking the status of the LIC IPO allotment is an essential step. You can rapidly ascertain whether you have been awarded shares by following this step-by-step tutorial. To become a proud shareholder of the prestigious Life Insurance Corporation in the event of allotment, be aware of the payment procedure and other prerequisites. Keep in mind that investing in an IPO requires patience, and regardless of the result, it’s crucial to continue researching alternative investment opportunities and staying informed.