LIC Share Allotment IPO Status Date: How To Check Online Through KFin Technologies When Released?

LIC IPO Share Allocation Status: Once the LIC IPO bidding process is completed, the allotment status will be released. Investors can check the status online through KFin Technologies.

LIC Share Allotment IPO Status Date: Today is the 3rd day of the Life Insurance Corporation (LIC) Initial Public Offering (IPO) bidding process. The ₹21,000 crore issuance opened for subscription on Wednesday, May 4 and closes on May 9, 2022. Shares of the public offering were subscribed for 0.67 times on Day 1, followed by 1.03 times on Day 2. On Qualifying Institutions (QIB) was subscribed 0.40 times on day 2, 0.47 times for non-institutional buyers and 0.93 times on day 2 for retail investors. Notably, LIC’s IPO remains open for subscription even on Saturday and Sunday .

People who want to invest in the IPO of the LIC can do so online until 9 May 2022. The platforms that can be used for this include Groww, Paytm, Zerodha. It is known that the price range of the LIC IPO is fixed between Rs. 902 and Rs. 947 per share of shares. Discount of Rs. 45 per share share will be provided to private and eligible employee class and of Rs. 60 Share Share by Eligible Policyholder.

The public issuance of 221.37 million shares by LIC represents a 3.5 percent stake, which is entirely a government sale offer. The book running lead managers of the IPO include Kotak Mahindra Capital Company Limited, Axis Capital Limited, BofA Securities India Limited, Citigroup Global Markets India Private Limited, JM Financial Limited, Goldman Sachs (India) Securities Pvt. Ltd., ICICI Securities Limited, JPMorgan India Private Limited, Nomura Financial Advisory and Securities (India) Private Limited and SBI Capital Markets Limited. While the Registrar of the IPO is KFin Technologies Private Limited.

The LIC IPO status date of the share allotment is likely to be May 12, 2022. Here is a step-by-step guide to checking the allotment status after it has been declared.

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