The LIC IPO share allotment is now complete. Those who took part in India’s largest public offering must have verified their allocation status to see if they were awarded shares or not.
Following the completion of the LIC’s IPO share allotment, reimbursements for individuals who did not get shares would be initiated. Finally, shares will be deposited to the Demat accounts of applicants who have been allotted LIC shares by the government prior to the listing day.
Applicants who verified their allotment status and were not assigned LIC shares will be refunded since the refund procedure began on Friday.
There is a time limit for IPO refunds. Applicants will receive the funds before the conclusion of the IPO refund period.
DETAILS ON THE LIC IPO
The face value of the LIC IPO was Rs 10 per share.
The IPO price range has been set at Rs 902 to Rs 949 per share.
The LIC IPO has a total issue amount of up to Rs 21,000 crore.
The entire IPO is an offer for sale.
The LIC IPO shares will be traded on the BSE and NSE.
SUBSCRIPTION STATUS FOR LIC IPO
The LIC’s IPO was subscribed to 2.95 times in total.
The qualified institutional buyer (QIB) category received 2.83 subscriptions, the non-institutional investor (NII) segment received 2.91 subscriptions, the retail category received 1.99 subscriptions, the employee segment received 4.40 subscriptions, and the policyholder category received 6.12 subscriptions.