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LIC share allotment announced: How to check status, listing date and more

Life Insurance Corporation (LIC) has announced the allotment of shares for its recently concluded Rs 21,000 crore initial public offer (IPO). The IPO which was held from May 4 to May 9 was subscribed 2.95 times on the final day. The share sale received bids for over 47.83 crore (47,83,67,010) shares against the total issue size of over 16.20 crore (16,20,78,067) shares.

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LIC IPO: Grey market premium cracks 53% since first day

The GMP, which stood at Rs 85 on May 2, has fallen by Rs 45 or 52.9 per cent till date. The LIC IPO opened on May 4.

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Lic Public Offer To Remain Open For Subscription On Saturday And Sunday

The issue comprises an offer for sale up to ₹20,557 crore where the government will offload a 3.5% stake. Also, LIC offers ₹60 per equity share discount to LIC policyholders, and ₹45 per equity share discount offered to retail investors.

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LIC IPO opens today: Should you subscribe to India s largest share sale?

LIC IPO: The firm has fixed Rs 2 lakh investment limit each for policyholders, employees, and retail investors' quotas.

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LIC IPO to open today: Five things to know before you invest

LIC collected Rs 5,620 crore from anchor investors on Monday, signalling strong interest ahead of the share sale.

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