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 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
- Select ‘equity’ in issue type
- Select LIC IPO from the drop-down list
- Enter the application number
- Enter the PAN number
- Click on the ‘Search’ button to get the status
Access the registrar’s website (KFin Technologies Limited)
- Select LIC IPO in the drop-down menu
- Enter the Application No, DPID/Client ID or PAN number
- 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 Date||4 May 2022|
|Close Date||9 May 2022|
|Price Band||Rs. 902 to Rs. 949 per equity share|
|Lot Size||15 Shares|
|Issue Size||221,374,920 Eq Shares of Rs. 10 (aggregating up to Rs. 21,008.48 Cr)|
|Offer for Sale||221,374,920 Eq Shares of Rs. 10 (aggregating up to To be announced)|
|Face Value||Rs. 10 Per Equity Share|
|Retail Discount||Rs. 45 per share|
|Employee Discount||Rs. 45 per share|
|Issue Type||Book Built Issue IPO|
|Exchange Board||BSE, NSE|
|QIB Shares Offered||Not more than 50% of the Net Offer|
|Retail Shares Offered||Not less than 35% of the Net Offer|
|NII (HNI) Shares Offered||Not less than 15% of the Net Offer|
|Basis of Allotment||May 12, 2022|
|Initiation of Refunds||May 13, 2022|
|Credit of Shares to Demat||May 16, 2022|
|IPO Listing Date||May 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.
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.