The Market today is in much excitement as the biggest insurance company of the country, i.e. LIC(Life Insurance Corporation) would be enlisting its IPO(Initial Public Offering). The company offered 16.20 crore shares(from May 4-9) to the public which were subscribed 2.95 times more than the offer. The price band fixed was around 902-949 per share.
As per the data made available on National Stock Exchange (NSE), the company received bids of 47.83 crores over the shares issued(16.20 crore). The data further states that the shares to be allocated to its Qualified Institutional Buyers (QIBs) received 2.83 times more subscriptions than issued. Company’s shares for non-institutional investors received 2.91 times more subscriptions whereas shares for retail individual investors (RIIs) were subscribed 1.99 times more than the issued.
Also, the policy bearer and the employees of the Corporation also subscribed 6.12 times and 4.40 times more than the issued. It is a well-known fact that GOI had announced earlier to sell the company’s 22.13 crore share against 3.5 percent of its stake this year.
Visit the official website of BSE i.e. www.bseindia.com
Here you’ll be viewing the option of Equity on the top right side of the website.
Go to the option and select ‘LIC IPO’ from the dropdown
After reaching to the new page, enter your application number and PAN Card details.
Verify yourselves by clicking on I’m not a robot and then go to the search button.
Now you’ll be viewing the status of the IPO of the company
Here you can see whether you’ve been allotted the shares or not.