LIC IPO share allotment status: Initial Public offer (IPO) of Life Insurance Corporation (LIC) received decent response from all categories of investors. The issue was subscribed the most by LIC policyholders, who were offered a lucrative discount of Rs 60 per share at the upper end of the price band.  

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LIC IPO, which remained open between May 4 and 9, was subscribed 2.95 times on the last day. Against 16,20,78,067 shares on offer, the state-run insurer received bids for 47,83,67,010 shares. The portion reserved for policyholders was subscribed 6.12 times, followed by 4.4 times bidding for employee quota. As for Retail Individual Investors (RIIs), Non-institutional Investors and Qualified Institutional Buyers (QIBs), the bids subscription figure stood at 1.99 times, 2.91 times and 2.83 times respectively.  

https://ris.kfintech.com/ipostatus/ipos.aspx   

2) Select the IPO from the drop down- LIC IPO         

3) Now select application number/DPID/Client ID/PAN            

4) Enter application number followed by Captcha code            

5) Now Click at 'Submit' option and your IPO application status will become available on your computer monitor or Smartphone screen.         

LIC IPO Full timeline 

LIC IPO application start date: May 4, 2022 
LIC IPO Application closing date: May 9, 2022 

LIC IPO Allotment start date: May 12, 2022 

LIC IPO Refund initiation: May 13, 2022 

LIC IPO Allotment finalisation date: May 16, 2022 

LIC IPO listing date: May 17, 2022 

The above dates are as per discount broker Upstox  

Company details 

LIC is the largest asset manager in India as at December 31, 2021, with AUM (comprising policyholders’ investment, shareholders’ investment and assets held to cover linked liabilities) of ₹40 trillion on a standalone basis, which was more than 3.2 times the total AUM of all private life insurers in India, approximately 15.6 times more than the AUM of the second-largest player in the Indian life insurance industry in terms of AUM, and more than 1.1 times the entire Indian mutual fund industry’s AUM, said an IPO note from LKP Securities.  

LIC was formed by merging and nationalizing 245 private life insurance companies in India on September 1, 1956, with an initial capital of ₹50 mn. From the company’s incorporation until 2000, LIC was the only life insurer in India. LIC was identified by IRDAI as a Domestic Systemically Important Insurer (“D-SII”) on the basis of size, market importance and domestic and global inter-connectedness in September 2020.