LIC IPO update: How to check allotment status online

New Delhi: Life Insurance Corporation of India (LIC) will finalize the allotment by Thursday, May 12, i.e. today, of its much-awaited IPO. Investors can check LIC IPO allotment status online by logging in at the BSE website or the official website of its registrar KFin Technologies Limited.

Step 1: Go to https://www.bseindia.com/investors/appli_check.aspx

Step 2: Click Equity

Step 3: Select LIC in the dropbox

Step 4: Enter your application number

Step 5: Enter PAN card details

Step 6: Click on 'I am not a Robot'

Step 7: Click submit

Step 1: Go to the web portal of Kevin Technologies Private Limited (https://kcas.kfintech.com/ipostatus)

Step 2: Click- 'LIC IPO' tab

Step 3: Select one of the three modes: Application number, Client ID or PAN ID

Step 4: Under application type, select between ASBA and non-ASBA

Step 5: Enter the details of the mode you selected in above step

Step 6: Fill the captcha

Step 7: Click submit

The LIC IPO opened for subscription between May 4-9. Investors who could not get allotment may see the initialization of refunds on May 13, who would be allotted shares may know the credit of shares by May 16. The listing of the IPO is likely on May 17.

LIC‘s public offer was subscribed 2.95 times and the QIB portion was also fully taken on the final day of bidding. Through the public issue, the government planned to sell off a 3.5 per cent stake in the state-run insurance behemoth, to raise an amount of Rs 21,000 crore. The retail investors and eligible employees will get a discount of Rs 45 per equity share, while policyholders will get a discount of Rs 60 per share.

LIC reduced its IPO size to 3.5 per cent from 5 per cent decided earlier due to the prevailing choppy market conditions. Even after the reduced size, LIC IPO is going to be the biggest initial public offering ever in the country.

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 and Reliance Power.