LIC IPO Shares Allotment Date: Know When & How To Check Status, GMP Ahead Of Listing

As expected due to attractive valuations, the country's largest ever public issue by Life Insurance Corporation of India (LIC) garnered strong response. On the final bidding day, total subscription was to the tune of 2.95 times, with policyholder subscription at the highest of 6.11 times, followed by employee bid of 4.4 times. The HNI quota subscription then followed with bid of 2.91 times and QIB portion was subscribed 2.83 times. Further, the retail quota netted subscription of 1.99 times.

Now as after deploying your hard earned money, you would be curious to know when the LIC share allotment would happen and how to check its status, here is a brief on it:

LIC IPO Share Allotment Date

As per the DIPAM Secretary, LIC IPO shares allotment would occur on May 12, 2022. "LIC IPO subscribed 2.95 times on the final day which opened on May 4 received bids for 47.83 crore equity shares against 16.20 crore shares on the offer. Many new demat accounts opened due to LIC IPO. Allotment of LIC IPO will take place on May 12," Pandey said.

How To Check LIC IPO shares allotment status?

LIC IPO allotment status: How to check via BSE?

Step 1:You need to visit the BSE link https://www.bseindia.com/investors/appli_check.aspx
Step 2: For the Issue type option-Select 'Equity'
Step 3:Choose Life Insurance Corporation of India from the dropdown as the issue name
Step 4: Enter the Application No. or PAN No.
Step 5: Check in the box saying I'm not a robot
Step 6:Last click on the Search option. You shall be taken to the status of your LIC IPO application.

LIC IPO allotment status: How to check via Kfin Technologies?

KFin is the registrar for the LIC IPO.

Step 1:To view the status on Kfin, you need to go to either of the links https://kprism.kfintech.com/ipostatus or https://kcas.kfintech.com/ipostatus
Step 2: Click on the link which is currently flashing as IPO Allotment Status- LIC IPO coming soon as the allotment status will reflect post finalisation of share allotment
Step 3: Select any of the options saying PAN Id, application number or client ID
Step 4: Enter the details and click on the captcha, after due verification your status will be shown to you.

 

Current GMP: Probability of gains on LIC IPO listing going down with the drop in GMP

The attractive valuation of the issue meant room for significant upside. Likewise, the strong response that the issue received on expected lines also ups the chances of LIC IPO listing at a premium.

Nevertheless, as per topsharebrokers IPO GMP status updated last on Wednesday, the LIC shares in the unlisted market or grey market is commanding a discount of Rs. 10. So, the probability of listing gains considering the GMP are Nil and the issue of LIC may rather in the weak market condition list at a discount.

Thus hinting at a nearly flat listing.

LIC IPO listing date:

On both the exchanges, the issue shall list on May 17, 2022 i.e. next Tuesday.

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