LIC IPO share allotment status: How to check online via BSE, once it is released
LIC IPO share allotment status: The bidding process of the initial public offering (IPO) of the Life Insurance Corporation is going on. The Rs. 21,000-crore issue opened for subscription on Wednesday, May 4 and will be closing on May 9, 2022. The shares of the public issue were subscribed 0.67 times on Day 1. The portion reserved for Qualified Institutions (QIB) was subscribed 0.33, Non-institutional Buyers 0.27 times, and Retail Investors 0.60 times. Today is the second day of the bidding process and investors who want to apply for the LIC IPO and do it online via Groww, Paytm, Zerodha, Axis Bank, among others.
The LIC IPO price band 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.
LIC IPO share allotment status date or the day it will be finalised is likely May 12, 2022 if all things go according to plan. The company will be listed on exchanges (BSE and NSE)on May 17, 2022. Here is a step-by-step guide on how to check LIC IPO allotment
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