LIC IPO obtained bids of over 47.83 crore (47,83,67,010) shares towards the entire challenge dimension of over 16.20 crore (16,20,78,067) shares, knowledge accessible with the National Stock Exchange (NSE) confirmed.
The shares that are to be allotted for the certified institutional patrons (QIBs) was subscribed 2.83 instances, whereas these of non institutional traders was subscribed 2.91 instances and that of retail particular person traders (RIIs) was subscribed 1.99 instances, the information confirmed. Apart from these, the policyholders portion was subscribed 6.12 instances whereas the staff phase was subscribed 4.40 instances.
The IPO is totally an offer-for-sale (OFS) the place the central authorities is promoting 22.13 crore (22,13,74,920) shares or 3.5 per cent of its stake within the life insurer.
Investors are actually wanting ahead to the share allotment date of LIC IPO. The firm is meant to finalise the allotment by Thursday, May 12, 2022, as per the timeline offered within the crimson herring prospectus (RHP). In case you’ve gotten utilized for the LIC IPO, then right here is how one can test the standing of your allotment when it will get declared:
The allotment standing will get up to date on the web site of the registrar of the IPO, which on this case is KFin Technologies (Click right here: https://ris.kfintech.com/ipostatus/ipos.aspx). Applicants might want to choose LIFE INSURANCE CORPORATION OF INDIA LIMITED within the drop-down menu and enter both their Application No. or DPID/Client ID or PAN, enter the Captcha code (which is proven in digits) and click on on Submit to view their allotment standing.
Apart from the registrar’s web site, candidates may also test the standing of their allotment on the web site of the BSE (Click right here: https://www.bseindia.com/investors/appli_check.aspx). Here, they might want to choose Equity in Issue Type, then choose LIFE INSURANCE CORPORATION OF INDIA LTD from the drop-down record within the Issue Name part, enter their Application Number and PAN Number within the respective packing containers after which click on on search to view their standing.
The itemizing of shares of LIC is more likely to happen on Tuesday, May 17, 2022, on each the NSE and BSE.
Kotak Mahindra Capital Company, Axis Capital, BofA Securities India, Citigroup Global Markets India, Nomura Financial Advisory and Securities India, Goldman Sachs India Securities, ICICI Securities, JM Financial, JP Morgan India and SBI Capital Markets are the e book operating lead managers to the IPO.