LIC launched its IPO with full preparation and got a good response from investors in the six-day bidding. Today the company will disclose the lucky investors who will get the allotment of shares after bidding. If you have also participated in IPO then do not forget to check your status today.
New Delhi. LIC, which has launched its IPO in the stock market with a long wait and fanfare, will allot shares to the bidding investors on Thursday, 12 May.
If you have also bid for this IPO, then you can find out from home whether you have been allotted shares or not. However, you will see the allotment only when the share allotment is announced by the company. You can visit the official website of BSE to check your status. If you want, you can also check your status through KFin Technologies Limited, the registrar company of LIC.
How to check on BSE website
- First of all go to the official link of BSE bseindia.com/investors/appli_check.aspx.
- Select LIC IPO here.
- Then enter your LIC application number.
- After that fill the details of PAN and click on submit. Your IPO allotment status will be displayed.
How to View on KFin’s Website
- First of all click on the official website of the company ris.kfintech.com/ipostatus/ipos.aspx.
- Select LIC IPO and enter your Application Number, Client ID and PAN.
- Enter the captcha and click on submit. Your share allotment status will be displayed.
If shares are not found then…
Investors who are not allotted shares despite bidding in LIC’s IPO, their money will start coming back to the account from May 13. If shares have been allotted to you, then the allotted shares will start showing in your demat account by 16th May. It is likely that on May 17, LIC will also be listed in the stock market. You can also check its status online on your computer, laptop or mobile.
How was the performance of the IPO?
Through this IPO, the company has set a target of raising about 21 thousand crores from the market. About three times the shares offered in the open IPO from May 4 to 9 have been bid. A discount of Rs 60 will be given to the policy holders who buy the IPO. Policyholders have bid about 6.12 times more than the shares they are holding. Retail investors and employees of the company will also be given a discount of Rs 45 per share.
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