Before jumping into the LIC IPO Share Allotment and listing information, let’s look into the issue’s performance in the secondary market. The biggest ever IPO in Indian Stock Market history, the LIC IPO, was closed recently on 9th May, where the 21,000 cr issue was subscribed to 2.95 times by the investors. Policyholders and employees appear to be the biggest supporters of this IPO. Policyholders and Employees have subscribed 6.12 and 4.40 times, respectively, of the allotted amount. Here is the subscription rate data:
|Qualified Institutional Buyers(QIBs)||2.83|
|Retail Individual Investors(RIIs)||1.99|
LIC IPO Details
A few questions arise here; how profitable this IPO will be when the Share Allotment takes place, when it will be listed, etc. The IPO listing price depends on various factors, and the most popular way to predict it is the Grey Market Price (GMP).
As per the recent update, LIC IPO GMP is down to 8–10, compared to 90–100 before the IPO opening date. The weak response received by investors to the LIC IPO is one of the reasons for the downtrend in GMP. The low participation of big investors and FII shows weak sentiments for the long-awaited IPO.
However, many other factors will decide the IPO listing price. Also, it’s very important for investors to plan ahead with LIC holdings in the short, mid, or long term.
Investors are now eagerly waiting for the share allotment result and listing date. Here are a few important LIC IPO related information:
|Price Band||902-949 INR per share|
|Allotment Date||May 12th, 2022|
|Refunds (if not allotted)||May 13th, 2022|
|Share Credit to Demat account||May 16th, 2022|
|IPO Listing Date||May 17th, 2022|
How to check the LIC IPO allotment status?
To find out the LIC IPO allotment result on the BSE website, follow the below steps:
- Open the official BSE link.
- Select the issue type (click Equity).
- In the issue name drop-down, select “Life Insurance Corporation of India LTD.”
- Add your IPO application number and your 10-digit PAN number.
- Search for the result.
To find out the LIC IPO allotment result on the Link Intime India website, follow the below steps:
- Visit the Link Intime Website.
- Select the preferred mode: PAN, Application No, and DP Client ID.
- Select issue name Life Insurance Corporation of India LTD-IPO (only visible once allotment is finalized).
- Provide your details like PAN, Application No, and DP Client ID according to your selection.
- Search to get the result.
Also Read: LIC IPO 2022 Details: Launch Date, Price Band, How to Apply, How to Check Share Allotment
May 17th, 2022
8-10 (May 10th, 2022)
May 16th, 2022
There are many reasons, such as below:
-If an IPO is oversubscribed, investors get the opportunity of share allotment via a computerized lottery.
-Due to invalid or mismatched information.
-Your bid price is lower than the issue price.