LIC IPO Share Allotment Status: The total share of LIC IPO has also been filled more than 100%. In such a situation, it is expected that investors will get full returns at the time of listing. Market experts are also looking very bullish on this.
LIC IPO Share Allotment Status: The country’s largest IPO LIC has got a bumper response. It is the third day of subscription now and almost every category is fully subscribed. The policyholders’ share was completely filled on the very first day itself. So far it has got 3.38 times subscription. At the same time, retail investors are also investing heavily in this. This category has been subscribed 1.09 times. The total share of LIC IPO has also been filled more than 100%. In such a situation, it is expected that investors will get full returns at the time of listing. Market experts are also looking very bullish on this. But, the matter is of real allotment. You will get to know soon whether there will be share allotment or not.
Allotment of shares will happen on May 12-13
LIC IPO is open for investment till 9th May. After this, the allotment of shares will take place on May 12-13. Meaning by May 12 or 13, you will know whether shares have been received in the IPO or not. The company will scrutinize the IPO bids for 3 days after the closure of the issue and is expected to allot its shares on May 12-13. Because after that there will be no share allotment on Saturday and Sunday. After this, LIC IPO will be listed in the stock market on May 17. Now the question is how do you know whether the shares have been allotted in the IPO or not. For now, it will have to wait till May 12. But, after that you can check it from the websites of NSE.
Follow the steps to check LIC IPO share allotment status on NSE
1- First of all go to the official website of NSE https://www.nseindia.com/.
2- Here on the next page you will see the option of ‘equity’. Select it and select ‘LIC IPO’ in the dropdown.
3- After this, when the page opens, you will have to fill your application number and PAN card number.
4- After this you verify ‘I am not a robot’ and click on submit button.
5- Status of LIC IPO share allotment will open in front of you. From here you will know whether the shares have been allotted or not.
When will the shares come in the Demat Account?
According to the news agency PTI, the shares in the demat account of the investors of LIC IPO will be credited till May 16. The government is selling a total of 22.13 crore shares of LIC in this IPO.
Trading in shares will start from May 17
The shares of LIC will be listed in the stock market by May 17 and trading will start in them. The price band for Mega IPO (LIC Mega IPO) is fixed from Rs 902 to Rs 949. There will be 15 shares in one lot in the IPO. According to market experts, shares can be listed at a higher premium than the issue price.
