How to check LIC IPO allotment Status Online
The Life Insurance Corporation of India Initial Public Offering – LIC IPO subscription opened between May 4th to May 9. The investors who could not get allotment in the IPO may see the initialisation of refunds on May 13. And who would be allotted shares may know the credit of the shares by May 16.
LIC will finalize the much awaited IPO allotment by Thursday, May 12, i.e. today. The investors can check the LIC IPO allotment status online by logging into the BSE website or the official website of registrar KFin Technologies Limited.
STEPS to check the allotment status :
Through the BSE website:
Step 1: Logon to https://www.bseindia.com/investors/appli_check.aspx
Step 2: Click Equity option
Step 3: Then select LIC in the dropbox
Step 4: Enter the application number
Step 5: Enter the PAN card details
Step 6: Click ‘I am not a Robot’
Step 7: Then click submit
Through the online portal of Kevin Technologies Private Limited:
Step 1: Logon on to the web portal of Kevin Technologies Private Limited (https://kcas.kfintech.com/ipostatus)
Step 2: Click on ‘LIC IPO’ tab
Step 3: Click one of the three modes: Application number, Client ID or PAN ID
Step 4: Select application type between ASBA and non-ASBA
Step 5: Enter the details
Step 6: Fill the captcha
Step 7: Click on submit
Life Insurance Corporation’s public offer was subscribed 2.95 times and the QIB portion was taken on the final day of bidding. Through the public issue, the government has planned to sell off a 3.5% stake in the state-run insurance behemoth, to raise an amount of Rs 21,000 crore.
The retail investors and the eligible employees will get a discount of 45 rupees per equity share, while the policyholders will get a discount of 60 rupees per share.
LIC reduced its IPO size to 3.5 % from 5% decided earlier due to the prevailing choppy market conditions. Even after the reducing the size, the LIC IPO is going to be the biggest initial public offering ever in the country.
Till now the amount mobilised from the IPO of Paytm in the year 2021 was the largest ever at Rs 18,300 crore, followed by Coal India and Reliance Power.