LIC IPO Allotment: The Life Insurance Corporation (LIC) public issue offer (IPO), India’s greatest IPO is at last here. The government in a press meet hung on Wednesday, 27 April 2022 declared the launch date, allotment size, and more. The forthcoming super IPO will be one of the greatest IPO in the history of the Indian Capital Market opening one month from now.
Assuming you are a LIC policyholder interested in taking part in the LIC IPO, you should guarantee that your PAN information is current in LIC’s systems and that you have a Demat account. To check your LIC allotment status your PAN information ought to likewise be something similar in both, the LIC system and Demat account. Non Policyholders can likewise apply for LIC IPO.
Key Dates of LIC IPO:
|Bid/Offer Opens On:||May 4, 2022|
|Bid/Offer Closes On:||May 9, 2022|
|Allotment Date:||May 12, 2022|
|Initiation of refunds:||May 13, 2022|
|The credit of shares to Demat account:||May 16, 2022|
|Listing Date:||May 17, 2022|
Other Important LIC IPO Details are:-
|IPO Price:||₹902 – ₹949|
|IPO Size:||₹21,008.48 Cr|
|Listing At:||BSE, NSE|
|IPO Lot Size:||15|
This is the way you can check your LIC IPO share allotment status: After subscribing to the LIC IPO, financial backers need to check whether shares have been allotted or not.
LIC IPO Allotment:
Step 2: Select the issue type
Step 3: Enter the issue name, application number, PAN details
Step 4: Click on the search
The LIC IPO will open on Wednesday, May 4, 2022, and closes on Monday, May 9. The price band of the IPO has been set at Rs 902-949 for every share. The government plans to raise around Rs 21,000 crore from the IPO by divesting a 3.5 percent stake in the insurance giant. The IPO will be a pure offer for sale (OFS) of up to 221.37 million shares.
Policyholder Benefits from the LIC IPO:-
The LIC has set aside 10% of the IPO shares for policyholders. In addition, policyholders will receive an additional discount of Rs 60 per share.
Only LIC policyholders who meet the following criteria are eligible to apply for this quota:
- The policy will be issued on or before February 13, 2022.
- The PAN is associated with the LIC Policy.