LIC IPO share allotment today, Steps to see status online

LIC IPO share allotment today, Steps to see status online

By May 13, the company would credit reimbursements to failing investors' bank accounts.

Today, May 12th, the Indian Life Insurance Corporation (LIC) is anticipated to complete its Initial Public Offering (IPO) share allotment. Anyone who has applied for the public issue can monitor the progress of their application online at Investors can also visit, the official website of its registrar, KFin Technologies Limited.

Bidders will only be able to verify the status of their allocation following the declaration of share allocation. They may also check LIC IPO allotment status online using the direct BSE website or the direct KFin Tech.

The subscription period for the IPO lasted from 4 to 9 May. While allotments are scheduled to be completed today, shares are expected to be credited to Demat accounts on May 16. According to reports, LIC got offers for 47 crore shares, compared to the 16 crore shares on sale.

Step to check LIC IPO allotment status

  1. Visit BSE's website
  2. Go to 'equity' option and select 'LIC IPO' from the drop-down menu
  3. Enter your PAN Card number and application.
  4. Access your LIC IPO share allotment status by completing the captcha verification procedure.

LIC has previously set the price range at Rs 902-949 per share. However, due to unfavourable market circumstances, the business chose to reduce the size of its issuance by almost 60%. Despite its smaller size, the LIC IPO is expected to be the country's largest initial public offering.