LIC IPO scheduled for allotment on May 12: Here’s how to check it online


Insurance behemoth of India’s (LIC’s) initial public offering (IPO), the biggest ever in the country, saw 2.95 times more demand than the shares on offer on the final day of bidding on Monday, generating bids worth Rs 43,933 crore.

The subscription was primarily driven by domestic investors, mainly retail. The IPO saw 7.33 million applications from retail investors, the highest ever for a domestic issue, topping Reliance Power’s 2008 record of 4.8 million. The issue, however, got a lukewarm response from foreign portfolio investors amid global risk-off sentiment due to rising bond yields.


The policyholders’ portion saw the maximum subscription at over six times, derived bids of over Rs 12,000 crore. The employees’ portion was subscribed 4.4 times, while the retail individual investors’ part saw two times subscripti on with bids worth over Rs 12,450 crore.


The offer received bids for 478,367,010 shares against the offered 162,078,067 shares (excluding those offered to anchor investors), according to data available on the bourses.

The allotment of is scheduled for May 12, 2022. Those who want to check their allotment status can do so online. Here’s how to check it online once it is out:

How to check allotment on BSE:

1. Visit the official website of BSE or click here

2. Select in the menu.

3. Enter your application number allotted for LIC IPO.

4. Then enter your PAN card number and click at ‘I’m not a robot’ and confirm the captcha.

6. Click at the ‘Submit’ button and you will be able to see the LIC IPO allotment status displayed on the screen.


Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard,

Digital Editor

Source link

Leave a Comment

Your email address will not be published. Required fields are marked *