The Life Insurance Corporations (LIC) public issue offer, Indias biggest is finally here. It is set to launch on 4 May 2022. The forthcoming mega IPO will be one of the biggest initial public offerings (IPO) in the history of the Indian Capital Market opening next month.
The Life Insurance Corporation (LIC) public issue offer (IPO), India's biggest IPO is finally here. The government in a press meet held on Wednesday, 27 April 2022 announced the launch date, allotment size, and more. The forthcoming mega IPO will be one of the biggest IPO in the history of the Indian Capital Market opening next month.
If you are a LIC policyholder interested in participating in the LIC IPO, you must ensure that your PAN information is current in LIC's systems and that you have a Demat account. To check your LIC allotment status your PAN information should also be the same in both, the LIC system and Demat account. Non Policyholder can also apply for LIC IPO.
Here is how you can check your LIC IPO share allotment status:
After subscribing to the LIC IPO, investors need to check whether shares have been allotted or not.
Step 1: Visit https://www.bseindia.com/investors/appli_check.aspx
Step 2: Select the issue type
Step 3: Enter the issue name, application number, PAN details
Step 4: Click on the search
The LIC IPO will open on Wednesday, May 4, 2022, and closes on Monday, May 9. The price band of the IPO has been set at Rs 902-949 per share. The government aims to raise around Rs 21,000 crore from the IPO by divesting a 3.5 per cent stake in the insurance giant. The IPO will be a pure offer for sale (OFS) of up to 221.37 million shares.