LIC IPO share allotment status: Where and how to check online

tech.hindustantimes.com:

LIC IPO share allotment status: Life Insurance Corporation of India's (LIC) initial public offering closed on May 9. The LIC IPO subscription had opened on May 4 and was booked nearly 3 times at the end of the six-day bidding period. Now, LIC IPO share allotment is expected to take place on May 12 and the listing of the company on stock exchanges BSE and NSE is likely to be done on May 17, 2022. The credit of shares to the demat account of bidders will reportedly be done on May 16. As per the Department of Investment and Public Asset Management, the LIC IPO has been predominantly lapped up by domestic retail and institutional buyers while foreign investor participation remained muted.

Against the total 16,20,78,067 offered sharess, as many as 47,83,25,760 bids were received. The Qualified Institutional Buyers (QIBs) category was subscribed 2.83 times while the portion reserved for non-institutional investors (NIIs) received a subscription of 2.91 times, and Retail individual investors subscribed for 1.99 times. The policyholders' portion was subscribed a little over 6 times, while that for employees was subscribed 4.4 times.

Once the LIC IPO allotment status will be released, applicants can check the status of share allotment either via BSE official website or through LIC IPO registrar's link i.e, KFin Technologies. Here’s a step by step guide to check LIC IPO share allotment status.

Step 1: Go to the official website of BSE or simply click here https://www.bseindia.com/investors/appli_check.aspx.

Step 2: On the next page, select ‘equity’ option and then choose the issue name – ‘LIC IPO’ from the dropdown menu

Step 3: Next, enter your application number and PAN card number.

Step 4: Verify 'I am not a robot' and hit submit. The