LIC IPO Allotment Status- Check Shares Allotment Status on 13th May 2022

LIC IPO Allotment Status
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The wait is half over as we now have landed on the LIC IPO allotment date. Subscribers can now check LIC IPO allotment status to confirm whether they have been allotted LIC shares or not. 

Checking LIC IPO allotment status is easy and can be done within a minute. We know you are more than excited to check whether the luck favours you this time or not and that’s why we list here all the ways through which you can check the allotment status easily.

How to Check LIC IPO Allotment Status?

There are basically two ways through which you can check LIC IPO allotment status. Both the ways are completely hassle-free and can be done at the convenience of home, you just need an active internet connection. You can check LIC IPO allotment status either from NSE/BSE website or from the website of IPO’s registrar.

Check LIC IPO Allotment Status Through NSE

  1. Visit NSE official website- https://www.nseindia.com/ 
  2. Go to the ‘Invest’ section and click on ‘Check Trade/Bids
  3. Here you have to register yourself with your PAN through the ‘Click here to Sign Up’ option. If you are already registered, you can directly log in from the ‘Click here to login’ option. You can also click on this link- https://www.nseindia.com/invest/first-time-investor-trade-verification to land directly on the same page (no need to follow steps 1 and 2)
  4. Enter your Username and Password and verify the captcha to log in
  5. Select LIC IPO from the given options and proceed further to check the allotment status

Check LIC IPO Allotment Status Through BSE

1) Click on the link - https://www.bseindia.com/investors/appli_check.aspx 

2) Select ‘Equity’ option under the issue type section

3) Select LICH IPO under the issue name available in the drop down menu

4) Enter the application number and PAN

6) Verify yourself carefully by checking on 'I am not a Robot' and click submit

LIC IPO issue registrar is KFin Technologies, which is also one of the most popular registrars. You can check LIC IPO allotment status through KFin Tech’s website as well. The best part is that they have offered a section for LIC IPO.

Check LIC IPO Allotment Status On KFin Technologies

1) Visiting KFin IPO allotment status page directly through the link- https://ris.kfintech.com/ipostatus/ 

2) Select LIC IPO

3) Now you can select any of the following three options:

  • Application no.
  • DPID Client ID
  • PAN

4) In case you chose Application no., you have to enter your IPO application number and PAN. If you select DPID Client ID, you have to select NSDL or CDSL (where your Demat account is) and then enter the client ID. Whereas, if you select PAN, you can simply enter your PAN to proceed further.

5) Once done, the LIC IPO allotment status will be shown on the next page. This will contain your application number, category under which you applied, your Name, DI ID Client ID, number of shares applied for, and number of shares allotted. 

Now since you know how to check LIC IPO allotment status, let’s learn a few developments related to the IPO itself.

LIC IPO Received Decent Subscription

Even amidst negative market sentiments and high volatility, LIC IPO successfully garnered solid subscription. The IPO received an overall subscription of 2.94 times of the issue. In the retail market, it was subscribed 1.97 times by the interested investors. From the policyholder and employees category, the subscription was overwhelming at 6.06 times and 4.36 times respectively. This shows how positive investors are for LIC’s listing. Things might have been even better if the IPO would have launched in good market times. 

Negative GMP

The LIC IPO shares are being exchanged at a discount of Rs 25 in the unofficial market. The shares are trading at around Rs 925, against the issue price of Rs 949. This unofficial market is also known as the Grey Market, where the share prices give a hint on how the shares will perform actually on the listing day. This, however, is not a sure shot confirmation. Things might turn out to be positive by the time listing days comes. Analysts have a mixed view on the same, with some suggesting a premium of Rs 20-30, while others expecting a discount.

Market sentiments

Market sentiments are quite clear. Investors are pulling out money from the market after the RBI announced interest rate hike a few days ago. This has somehow suppressed the healthy hype that surrounded LIC IPO, and the same may ruin the celebratory environment that was developed for the LIC listing. However, analysts suggest that investors should have a long term approach for investments in LIC and the market too will not remain the same forever. 

Other IPOs

The dark clouds of bearish sentiments are not only over the LIC IPO but has cast its shadow over other listings as well. Delhivery, which also has a decent issue size, is now trading at a discount of Rs 5 in the unofficial market. The story, however, is a bit positive for Venus Pipes and Tubes, which is the only issue to be able to hold some gains (Rs 8-10) in the grey market. 

LIC IPO has registered its name as the largest ever issue in the history of Indian stock market. After getting listed, LIC is also going to become one of top market cap companies on the exchanges. Things will become clear on May 17 when the company will hit the market and have to go stand the investors’ test amid the existing market conditions.

  • I have been allotted LIC shares and the GMP is negative, will I suffer loss?
  • Can I sell the share before the listing day?
  • I don’t know my LIC IPO application number and DP ID, how can I check the allotment status?
  • I am a policyholder, will I be getting a discount even after listing?
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