Mumbai: The allotment of initial public offering (IPO) of the Life Insurance Corporation of India (LIC) has finished. The subscription period for LIC IPO, country’s biggest-ever public issue, opened on May 4 and closed on May 9.
Investors can check the allotment status on BSE website or KFin Technologies Private Limited website.
LIC’s Rs 20,557 crore IPO was sold in the range of Rs 902-949 per equity share.
The Supreme Court on Thursday refused to grant any interim relief and stay the Life Insurance Corporation (LIC) IPO share allotment on a batch of pleas filed by some policy holders. A bench of Justices DY Chandrachud, Surya Kant and PS Narasimha said that the court should be reluctant to grant any interim relief in matters of commercial investments and IPO.
Investors, who had bid for the issue, can check the allotment status on BSE website:
1) Visit https://www.bseindia.com/investors/appli_check.aspx
2) Under the issue type, click Equity
3) Under the issue name, select Life Insurance Corporation of India Limited in the dropbox
4) Write the application number
5) Add the PAN card ID
6) Click on ‘I am not a Robot’ and hit submit
You can also check the allotment status on the online portal of KFin Technologies Private Limited (https://kcas.kfintech.com/ipostatus), the registrar to the issue.
The registrar is responsible for complying with the timelines for updating the electronic credit of shares to successful applicants, dispatch, and uploading of refunds, and attending to all investor-related queries after the issue is completed.
1) Go to the web portal of KFin Technologies Private Limited
2) Click on the ‘LIC IPO’ tab, given separately
3) You may LIC IPO be required to select either one of the three modes: Application number, Client ID or PAN ID
4) In application type, select between ASBA and non-ASBA
5) Enter the details of the mode you selected in Step 2
6) For security purposes, fill the captcha accurately
7) Hit submit
Bidders who could not get allotment in the IPO may see the initialisation of refunds on May 13. Others, who would be allotted shares may see the credit of shares in the demat account by May 16. The listing of the IPO is likely on May 17.
