LIC IPO:Allotment of shares has started, you check like this whether you got shares or not

 The allotment of shares of LIC’s IPO has started today. If you have also applied for IPO and this question is in your mind that how do you know whether shares have been allotted in IPO or not? So we are telling you how you can check it.

Check whether shares are received or not

  1. First of all click on the official website of BSE www.bseindia.com
  2. Here on the next page you will see the option of ‘equity’.
  3. Select it and select ‘LIC IPO’ in the dropdown.
  4. After this, when the page opens, you will have to fill your application number and PAN card number.
  5. After this you verify ‘I am not a robot’ and click on the search button.
  6. LIC IPO share allotment status will open in front of you.
  7. From here you will know whether the shares have been allotted or not.

LIC IPO will be listed in the stock market on 17 May LIC IPO

was open for investment till 9 May. Now after the closure of the IPO, the allotment of shares will happen today, that is, on May 12. Meaning today you will know whether shares have been received in IPO or not. After this, LIC IPO will be listed in the stock market on May 17.

When will the shares come in demat?

Shares in the demat account of LIC IPO investors will be credited till May 16. The shares of LIC will be listed in the stock market by May 17 and trading will start in them. According to market experts, the shares may get listed at a higher premium than the issue price.

Issue subscribed 2.95 times

LIC’s IPO has received good response from investors. May 9 was the last day of subscription for this IPO, which opened for retail and other investors on May 4. The issue is subscribed 2.95 times. Bids were received for 47.77 crore shares against 16.2 crore shares.

Relief to the Center on LIC IPO

The Supreme Court has given a big relief to the Central Government regarding the IPO of LIC. The Supreme Court has refused to interfere in the matter. Now the process of IPO will continue as before.

The Supreme Court said, ‘It is a matter of investment. Already 73 lakh subscriptions have been made. We cannot grant any interim relief in such a case. There is no case for granting interim relief. However, the court will examine the constitutional validity of the IPO. The Supreme Court has sent a notice to the Center for this through money bill.

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