LIC IPO Allotment Status, Listing Date, Lot Size and Price Band

Check LIC IPO allotment status online by follow below easy steps. LIC’s initial public offering (IPO) will start accepting subscriptions on 4 May 2022 and end on 9 May 2022, with anchor investment beginning on May 2. The price range for equity shares is Rs 902 to Rs 949. As a result, the government will raise roughly Rs 20,557 crore through the initial public offering, which is less than the Rs 60,000 crore expected earlier. Despite the reduced size, it will still be India’s largest initial public offering (IPO).

LIC has agreed to set aside up to 10% of the proceeds from its much-anticipated initial public offering (IPO) for policyholders. Employees and retail investors will receive a reduced discount of Rs 45, while LIC policyholders will receive a discount of Rs 60 per share.

LIC IPO Allotment Status, Listing Date, Lot Size and Price Band

LIC IPO Allotment Date, Listing Date

LIC’s IPO is opening on May 4 2022 and closing on May 9, with anchor investment starting on May 2. LIC IPO’s listing date is 17 May 2022. Basis of allotment date is 12 May 2022. Initiation of Refunds of LIC IPO is 13 May 2022. The date of credit of Shares to Demat Account is 16 May 2022. The price range for equity shares is Rs 902 to Rs 949.

LIC IPO Allotment Status: Here is How to Check Allotment Status for LIC Shares

Access the BSE website

  1. Select ‘equity’ in issue type
  2. Select LIC IPO from the drop-down list
  3. Enter the application number
  4. Enter the PAN number
  5. Click on the ‘Search’ button to get the status

Access the registrar’s website (KFin Technologies Limited)

  1. Select LIC IPO in the drop-down menu
  2. Enter the Application No, DPID/Client ID or PAN number
  3. Click on the ‘Submit’ button to get the status

You may also read about: 6 mandatory KYC details you need to update on your Demat account

LIC IPO Details

Opening Date4 May 2022
Close Date9 May 2022
Price BandRs. 902 to Rs. 949 per equity share
Lot Size15 Shares
Issue Size221,374,920 Eq Shares of Rs. 10 (aggregating up to Rs. 21,008.48 Cr)
Offer for Sale221,374,920 Eq Shares of Rs. 10 (aggregating up to To be announced)
Face ValueRs. 10 Per Equity Share
Retail DiscountRs. 45 per share
Employee DiscountRs. 45 per share
Issue TypeBook Built Issue IPO
Exchange BoardBSE, NSE
QIB Shares OfferedNot more than 50% of the Net Offer
Retail Shares OfferedNot less than 35% of the Net Offer
NII (HNI) Shares OfferedNot less than 15% of the Net Offer
Basis of AllotmentMay 12, 2022
Initiation of RefundsMay 13, 2022
Credit of Shares to DematMay 16, 2022
IPO Listing DateMay 17, 2022

Benefits for LIC Policyholders

LIC has opted to carve out a policyholders’ quota in its public offering, which is a first. As a result, policyholders will receive up to 10% of the offer, retail investors would receive 35%, and LIC workers will receive up to 0.71 percent.

If your bid for the policyholders’ quota is accepted, your final buying price will be lowered by Rs 60 per share from the offer price. Employee and retail investor quotas have a somewhat lower discount, at Rs 45 per share.

About LIC

The Life Insurance Corporation of India (LIC) is a statutory insurance and investment company with its headquarters in Mumbai, India. It is under the control of the Indian government.

The Life Insurance Corporation of India was founded on September 1, 1956, when the Indian Parliament passed the Life Insurance of India Act, which nationalised the Indian insurance business. The state-owned Life Insurance Corporation of India was formed through the merger of over 245 insurance companies and provident societies.