LIC IPO allotment status: Here's how to check yours

The much-awaited initial public offering (IPO) of Life Insurance Corporation of India (LIC) has closed, and the company will finalize the allotment by Thursday, May 12, as announced by DIPAM Secretary Tuhin Kant Pandey.

The LIC IPO opened for subscription between May 4-9. The issue was kept open for bidding during the weekends as well, an unusual way to attract investors.

LIC's Rs 20,557 crore IPO was sold in the range of Rs 902-949 per equity share, where eligible policyholder received a discount of Rs 60 apiece, whereas retailers and eligible employees were offered a discount of Rs 45 per share.

The issue was entirely an offer for sale by the government of India, wherein it has offloaded only a 3.5 per cent stake.

The issue was overall subscribed 2.95 times, thanks to strong participation from policyholders and employees, whose portions were subscribed 6.12 times and 4.4 times, respectively.

Qualified institutional investors made 2.83 times bid for their allocations, whereas non-institutional investors' portion was subscribed 2.91 times. The quota for retail bidders was subscribed 1.99 times.

  • How to check LIC IPO allotment status on BSE website

Follow the below-mentioned step by step guide:

1] Login at the direct BSE link

2] Select LIC IPO;

3] Enter your LIC IPO application number;

4] Enter your PAN details;

5] Click at 'I'm not a robot'; and

6] Click at 'Submit' button.

Your LIC IPO allotment status will become available on the computer monitor or on the Smartphone screen.

  • How to check LIC IPO allotment status on KFintech website

Those who want to check LIC IPO allotment status on official registrar's website, they can login at the above given direct KFintech link and follow the below mentioned step by step guide:

1] Login at direct KFintech link;

2] Click at LIC IPO;

3] Select either of Application Number or DPID/Client ID or PAN (Let's take application number);

4] Enter LIC IPO application number;

5] Fill Captcha; and

6] Click at 'Submit' button.

Your LIC IPO allotment status will become available on the computer monitor or on the Smartphone screen.

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