LIC IPO share allotment status date: How to check online via KFin Technologies when released
LIC IPO share allotment status date: Today is the 3rd day of the Life Insurance Corporation (LIC) initial public offering (IPO) bidding process. The ₹21,000-crore issue opened for subscription on Wednesday, May 4 and will be closing on May 9, 2022. On day 1, the shares of the public issue were subscribed 0.67 times followed by 1.03 times on day 2. The portion reserved for Qualified Institutions (QIB) was subscribed 0.40 times, Non-institutional Buyers 0.47 times, and Retail Investors 0.93 times on day 2. Notably, LIC IPO will remain open for subscription even on Saturday and Sunday.
People who want to invest in the LIC IPO can do so online till May 9, 2022. The platforms that can be used for the same include Groww, Paytm, Zerodha among others. It can be known that the price band of the LIC IPO has been fixed between Rs. 902 and Rs. 947 per equity share. Discount of Rs. 45 per Equity Share will be provided to Retail Individual and Eligible Employee Category and of Rs. 60 Equity Share to Eligible PolicyHolder Category.
LIC's public issue of 221.37 million equity shares represents a 3.5 percent stake, which is entirely an offer for sale by the government. The book running lead managers of the IPO include Kotak Mahindra Capital Company Limited, Axis Capital Limited, BofA Securities India Limited, Citigroup Global Markets India Private Limited, JM Financial Limited, Goldman Sachs (India) Securities Pvt. Ltd., ICICI Securities Limited, J.P.Morgan India Private Limited, Nomura Financial Advisory and Securities (India) Private Limited, and SBI Capital Markets Limited. While the registrar of the IPO is KFin Technologies Private Limited.
The LIC IPO share allotment status date is likely going to be May 12, 2022. Here is a
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