Those interested in buying LIC shares can bid for them in lots, where one lot comprises 15 shares. A bidder can apply for minimum one lot and a maximum of 14 lots.
Bidding for Life Insurance Corporation's initial public offering (IPO) — the largest the country has ever seen — ended on Monday with a total subscription of almost three times. The LIC IPO saw over-subscription across categories, with strong participation from retail investors, employees and policyholders.
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|Category||Subscription (No. of times the shares reserved)|
Policyholders and employees were offered a discount of Rs 60 and Rs 45 respectively.
Also Read: LIC IPO subscribed 166% on Day 4 as policyholders bid nearly 5 times the reserved portion
All eyes now are on the debut of LIC shares on stock exchanges BSE and NSE on May 17.
Before the listing of LIC shares, here’s how those who bid for the LIC IPO can check the status of their application:
Go to NSE’s official website — https://www.nseindia.com/
Go to the “equity” option and select “LIC IPO” from the drop-down menu.
Enter your application and PAN Card number.
Complete the “I am not a robot” verification and access your LIC IPO share allotment status.
To check the LIC IPO share allotment on BSE, follow the same procedure here — https://www.bseindia.com/
According to market observers, LIC IPO roll out has attracted a large number of new investors from tier-II and tier-III towns. They suggest investors buy LIC stocks with long-term prospects rather than short-term.
(Edited by : Sudarsanan Mani)
First Published: IST