Allotment of shares of LIC IPO will happen on Thursday
Overall, LIC's IPO was subscribed 2.95 times at the end of the six-day bidding period that ended on Monday
5 Dariya News
12-May-2022
LIC IPO Allotment Date: The share allotment of LIC's IPO will be done on Thursday, those who have participated in the membership process of the initial public offering should know whether they have been allotted shares of the insurance giant. The government has raised Rs 20,500 crore from the sale of its 3.5 per cent stake in the country's largest insurance company. LIC's IPO is the largest ever initial public offering in the country. Prior to the LIC IPO, the amount raised from Paytm's initial share sale in 2021 was the biggest ever at Rs 18,300 crore, followed by Coal India (2010) at around Rs 15,500 crore and Reliance Power (2008) at Rs 11,700 crore.LIC IPO Allotment
LIC shares will be allotted to the applicants on May 12. The shares of the insurance giant will be listed on the stock market on May 17.
How to Check LIC IPO Allotment
To check the status of your application in LIC's IPO, you need to visit https://www.bseindia.com/investors/appli_check.aspx
Once you are on the page, you have to enter some details.
These details are issue type, issue name, application number and permanent account number (PAN).
LIC IPO Membership
Overall, LIC's IPO was subscribed 2.95 times at the end of the six-day bidding period that ended on Monday.
Qualified Institutional Buyers (QIB) category got subscribed 2.83 times. 11.20 crore bids were received for 3.95 crore shares earmarked for the segment.
Within the QIB segment, domestic financial institutions and mutual funds bid for around 5.78 crore shares, while foreign institutional investors had less than half on 2.41 crore shares.