LIC IPO: Allotment date, direct link to check share application status
India Today
Those who have applied for the Life Insurance Corporation of India's (LIC) initial public offering (IPO) can check the status of their applications.
The subscription period for India's biggest initial public offering is over and all eyes will be on the LIC IPO's share allotment. DIPAM Secretary Tuhin Kanta Pandey said that the initial share sale of the insurance giant had met with tremendous success across all the segments.
"Domestic investors have successfully pulled off the LIC IPO. It is an example of Aatmanirbhar Bharat," he said.
LIC's IPO was subscribed 2.95 times on the last day of the offer period on Monday, helping the government mobilise about Rs 21,000 crore.
So far, the amount mobilised from the IPO of Paytm in 2021 was the largest ever at Rs 18,300 crore, followed by Coal India (2010) at nearly Rs 15,500 crore and Reliance Power (2008) at Rs 11,700 crore.
Bidders in the LIC IPO will be allocated shares on May 12. "The allocation to investors in IPO would be made on May 12," the DIPAM secretary said.
Shares of LIC will be listed on stock exchanges on May 17.
Those who have applied for the LIC IPO can check the status of their applications.
