Life Insurance Corporation of India (LIC) IPO share allotment might be finalised on Thursday, 12 May, after the Rs 21,000-cr public supply acquired 2.95 occasions subscription. LIC shares have been supplied to buyers by the IPO in a hard and fast worth band of Rs 902-949 per fairness share. In the gray market on Wednesday, LIC shares have been seen buying and selling at a reduction of Rs 20, at Rs 929 apiece from the higher finish of worth band, in response to individuals who deal in unlisted shares of firms. The inventory is more likely to checklist on BSE and NSE on 17 May 2022.
The initiation of refunds or unblocking of funds from ASBA account will happen on 13 May, and the fairness shares will get credited to depository accounts of allottees on 16 May. The IPO buyers can examine the IPO allotment standing through BSE and the registrar’s web sites. The registrar of the problem is KFin Technologies, a SEBI-registered entity, chargeable for the IPO allotment and refund processing. With its IPO, LIC has grow to be the most important ever on Dalal Street, taking up from Paytm’s public problem that got here final yr. In 2021 Paytm had raised Rs 18,300 crore by the IPO, different giant points on Dalal Street embrace Coal India at almost Rs 15,500 crore in 2020, and Reliance Power at Rs 11,700 crore which got here in 2008.
Check LIC share allotment standing through registrar KFin Technologies web site
To examine the share allotment standing, choose the corporate title as ‘LIC — IPO’ from the drop-down checklist on the KFin Technologies web site when it will get declared. Check field both PAN, Application Number or Depository/Client ID. Accordingly, enter the everlasting account quantity or Application Number or Depository/Client ID within the field. Enter the given captcha within the offered house and click on the submit button. This will show the variety of shares which have been utilized and allotted to the investor.
Check share allotment standing in LIC through BSE web site
Another approach to examine the allotment standing in LIC is thru the BSE web site. Select ‘equity’ as the problem sort, and ‘LIC’ as the problem title from the drop-down checklist, when it will get declared. Enter the applying quantity and PAN (everlasting account quantity). Click on ‘I am not a Robot’. In the final step, click on on the search tab to view the standing particulars.
Source: www.financialexpress.com”