LIC IPO in share allocation in India: The highly anticipated initial public offering (IPO) of Life Insurance Corporation of India (LIC) has been completed and the company completed the share allotment on May 12. LIC’s IPO of Rs 20,557 crore was sold in the range of Rs 902-949 per share, where eligible policyholders received a discount of Rs 60 each, while retailers and eligible employees received a discount of Rs 45 per share. . The issue was subscribed a total of 2.95 times, thanks to strong participation from policyholders and employees, whose shares were subscribed 6.12 times and 4.4 times respectively. Qualified institutional investors bid 2.83 times on their allotments, while the portion of non-institutional investors bid 2.91 times. The private bidder quota was subscribed 1.99 times.
Investors who have bid for the issue can check the allotment status on the BSE website or the website of KFin Technologies Private Limited.
Check LIC Share allocation status through registrar KFin Technologies website
-If you want to check the status of the share allotment, please select the company name as ‘LIC — IPO’ from the drop-down list on Link Intime India website when prompted.
-Check the PAN, Application Number or Custodian/Client ID box. Therefore, enter the permanent account number or application number or depositary/client ID in the box.
-Enter the given captcha in the space provided and click the submit button.
-Displays the number of shares applied and allocated to the investor.
Here’s How To Check LIC IPO Share Assignment Status On NSE
-Go to the NSE official website — https://www.nseindia.com/
-Go to the “Stocks” option and select “LIC IPO” from the drop-down menu.
-Enter your application and PAN Card number.
-Complete the “I am not a robot” verification and access your LIC IPO share assignment status.
To check the allocation of the LIC IPO shares on BSE, follow the same procedure here: https://www.bseindia.com/
LIC IPO Latest GMP
According to market observers, the price of the LIC share is trading at a discount of Rs 25 in the gray market today. They said that LIC IPO GMP (Grey Market Premium) has been in negative zone for the third consecutive day, which cannot be considered a good development before the listing date.
Market observers said that LIC IPO GMP is today minus Rs 25, which means that the gray market price of LIC IPO has remained almost stable for the past 24 hours. LIC IPO GMP yesterday was minus Rs 26. Prior to the opening of LIC IPO, shares of the insurer were available at a premium of Rs 92. So in almost 10 days, LIC IPO GMP is down about 125 percent. Market observers said the negative trend in secondary markets has wreaked havoc on gray market sentiment regarding LIC’s IPO. They said that since the opening of the LIC IPO, the mood in the stock market around the world has remained bearish and that this could be the main possible reason for the fall of the LIC IPO GMP.
However, stock market experts said the gray market premium is not an ideal indicator of the success or failure of a public issue. They said that GMP is an unofficial data, which is also unregulated. Thus, one should look at the company’s balance sheet rather than gray market sentiment, as the company’s financials provide a better and more concrete fundamental picture of the company.
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