LIC IPO Listing Price: LIC is one of the largest insurance companies in India. Almost every citizen of India must have heard the name of LIC i.e. Life Insurance Company. The company opened its IPO on 4 May 2022. A large number of people applied for it. After completion of the IPO application process, all the bidders are now waiting for the Life Insurance Corporation of India IPO Allotment Result. Individuals will be able to check the LIC allotment status of the IPO online on the official portal of the Registrar of Companies i.e. Keffin Technologies Limited.
Finalization of the basis of allotment will be done on 12th May 2022. Through the article, you will get information related to LIC IPO allotment status. So read the article given below till the end. However, amidst high selling pressure in the stock market, LIC IPO may get listed at a moderate premium or discount. LIC IPO GMP also shows the discounted list of shares. The latest LIC IPO GMP shows that the shares may get listed at a discount of Rs 19 per share. The market has closed in the red mark for six consecutive sessions.
The informal gray premium is trading mainly in negative territory due to a slowdown in global markets that have been in bearish territory since the Russia-Ukraine war. Selling pressure continues in the domestic markets, with FIIs continuing to be net sellers, with FII sales so far at Rs-70k crore. Considering all the parameters, we expect soft listing between + or- 5% of the offer value. Further, LIC’s offer should never be considered as a candidate for listing benefit, rather it should be viewed only for a longer period.
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LIC IPO Allotment Status 2022 – Overview
|Article Name||LIC IPO Allotment Status|
|Name of the company||Life Insurance Corporation of India|
|Registrar Name||KFin Technologies Limited|
|Face Value of the IPO||Rs. 10 per share|
|Basis of Allotment||12th May 2022|
|LIC IPO Allotment Status Available at||NSE, BSE, Zerodha, IPOWatch|
|Type of Issue||Book Built Issue IPO|
|Lot Size of the IPO||15 shares|
|LIC IPO Share Price||Rs. 902 to Rs. 949 per share|
|Price Listing At||BSE, National Stock Exchange|
LIC IPO Schedule 2022
|Opening Date of the LIC IPO||4th May 2022|
|Closing Date of the LIC IPO||9th May 2022|
|Finalization of the basis of allotment||12th May 2022|
|Commencement of Refunds||13th May 2022|
|The credit of share to Demat Account||16th May 2022|
|Listing of LIC IPO||17th May 2022|
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LIC IPO Subscription Status
|Qualified Institutional Investors||2.83 times|
|Non-Institutional Investors||2.91 times|
|Retail Individual Buyers||1.99 times|
LIC IPO GMP Price Today – Live Update
According to market observers, LIC shares are trading at a discount of Rs 19 in the gray market today. A gray market discount indicates that the stock may have a moderate to discounted listing. “Despite attractive price valuations due to bearish market conditions, the financial giant received a mixed response. The current sentiment indicates par with the discounted list, however, if the market sentiment stabilizes or corrects till the listing, then we are positive. So, Abhay Doshi, founder of One Unlisted Arena, said they should limit their expectations as far as listing profits are concerned.
The insurance giant’s initial share sale closed on May 9 and shares were allotted to bidders on May 12. The government sold over 22.13 crore shares or a 3.5% stake in the state-run insurer through IPO at a price band of ₹902- 949 per share. LIC’s retail investors and eligible employees were offered a discount of ₹45 per equity share on the issue price, while policyholders got a discount of ₹60 per share. LIC policyholders and retail investors have received shares at the price of ₹889 and ₹904 per piece, respectively.
Steps to Check LIC IPO Allotment/ Listing Status Online
- Begin the process by visiting the official portal of the Registrar of Companies.
- The home page of the portal will appear on the screen.
- Scroll through the page and find the Quick Links option.
- Under that, you will see the link “Check IPO Status”.
- Click on that link and a new page will open on the device.
- Click on LIC IPO and a new page will open in front of the screen.
- There you will see 5 links to check allotment. Click on any one of them.
- On a new page, select the IPO for which you want to check the status.
- Now, select the option using which you want to check the IPO (Application Number / DPID / PAN Number).
- Afterward, enter all the details as per the choice made in the previous step.
- Double-check all the filled details and tap on submit.
- In a few seconds, the allotment details will open on the screen.