Check LIC IPO Allotment Status –
The LIC IPO (Initial Public Offering) was one of the most talked about events in the Indian stock market in recent times.
LIC IPO is India’s biggest public offer in recent years. The government is looking to raise ₹ 1.5 trillion by divesting a minority stake in the insurer, against an estimated Rs 2 trillion valuation of the company.
If you are planning to apply for LIC IPO or any other IPOs then you would be keen to know the allotment status and listing date. Here we will tell you how to check LIC IPO allotment status, listing date and performance.
Life Insurance Corporation of India Initial Public Offering or LIC IPO, India’s largest IPO is finally here. The government announced the launch date, allotment size and more at a press meet on Wednesday, April 27, 2022.
The next mega IPO, to be launched next month, will be one of the largest in the history of the Indian capital market.
If you are a LIC policyholder interested in participating in a LIC IPO, you must ensure that your PAN information is present in LIC’s system and that you have a demat account.
Your PAN information should also be the same in both LIC system and demat account to check the status of your LIC allotment.
Non-policyholders can also apply for LIC IPO. If you are interested in participating in a LIC IPO, then you would be keen on knowing how to check your LIC IPO allotment status.
Here’s how you can check the status of your LIC IPO share allotment.
These are the following ways to check the IPO allotment status. After subscribing to LIC IPO, investors need to check whether the shares have been allotted.
Step 2: Select the IPO to check the Status.
Step 3: Select the type of problem
Step 4: Enter the Application Number, Name of IPO, and PAN details.
Step 4: Click on Search
LIC IPO Detail – Life Insurance Corporation of India IPO Detail
LIC is the largest insurance provider in India. Its market share in the new business premium is over 66.2%.
The company offers participatory insurance products and non-partnership products such as unit-linked insurance products, savings insurance products, term insurance products, health insurance and annuity and pension products. ( List of LIC Policies & Insurance Plans )
As of September 30, 2021, its total AUM is Rs. 39 lakh crore. LIC operates through 2048 branches, 113 divisional offices and 1,554 satellite offices.
It operates globally in Fiji, Mauritius, Bangladesh, Nepal, Singapore, Sri Lanka, UAE, Bahrain, Qatar, Kuwait and United Kingdom.
The purpose of IPO is to utilize net income for the following purposes;
To achieve the benefits of listing equity shares on a stock exchange.
To carry out offer for sale of 221,374,920 shares by selling to shareholders.
LIC is expected to be listed on the exchange on May 17, 2022. You can check if you have been allotted shares by following these steps. If the shares are allotted, it will be credited to your demat account on 16th May 2022.
- Allocation Date: 12 May 2022
- Refund Commencement: 13 May 2022
- Credit of shares in demat account: 16 May 2022
- Expected List Date: 17 May 2022
The LIC IPO will open on Wednesday, May 4, 2022 and close on Monday, May 9. The price band of the IPO has been fixed at ₹ 902-949 per share.
The government sold 3.5 per cent stake in the insurance company and raised about Rs. Aims to raise Rs 21,000 crore. The IPO will be a net offer (OFS) for the sale of up to 221.37 million shares.
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
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