How to Check LIC IPO Allotment Status Online

The initial public offering (IPO) of Life Insurance Corporation of India (LIC) has sailed through led by a strong response from policyholders and employees. The offer has received over 2 times subscription so far on May 9, the final day of the bidding process.

LIC IPO got bids for 32.68 crore shares against the offer size of 16.20 crore shares as of 11:35 AM, data on the National Stock Exchange (NSE) showed. The portion reserved for policyholders witnessed the highest subscription of 5.34 times followed by that of employees at 3.98 times. The portion set aside for retail individual investors was subscribed 1.70 times, QIB quota was subscribed 1.12 times and the Non-Institutional Investors’ portion was subscribed 1.35 times.

The Rs 21,000-crore worth IPO of LIC was opened for subscription between May 4 and May 9, 2022, at a price band of Rs 902 to 949 per share. The company has offered a discount of Rs 60 per share discount on the final offer price to the policyholders, while retail investors and employees will get a discount of Rs 45 per share.

The government is selling a 3.5% stake or 22.13 crore shares in LIC through the IPO that values the Corporation at Rs 6.07 lakh crore.

LIC will finalise the share allotment on May 12, 2022. Check out the important dates and details about the IPO below:

LIC IPO – Important Dates & Details

Issue Opening Date	May 4, 2022
Issue Closing Date	May 9, 2022
IPO Size	Rs 21,008.48 crore
Price Band	Rs 902 to 949 per share
Bid Lot	15 shares and in multiples thereof
Face Value	Rs 10 per share
IPO Allotment Date	May 12, 2022
Initiation of Refunds	May 13, 2022
Credit of Shares to Demat	May 16, 2022

Documents/details you will require to check LIC IPO allotment status: 

PAN Card 

DP client ID

Application number

How to check LIC IPO allotment status? 

Investors who had bid for the LIC IPO can check the IPO allotment status of their application online, through these 2 modes:

The websites of BSE/NSE OR 

The registrar – KFin Technologies Pvt Ltd.

How to check LIC IPO allotment status through BSE/NSE website: 

Step 1: Visit https://www.bseindia.com/investors/appli_check.aspx

Step 2: Select ‘Equity’ in ‘Issue Type’

Step 3: Select ‘Life Insurance Corporation of India Ltd.’ in Issue Name

Step 4: Enter the Application Number or PAN

Step 5: Verify and click on ‘I’m not a robot’

Step 6: Click on ‘Search’

How to check LIC IPO allotment status through the registrar’s website: 

Step 1: Visit https://kosmic.kfintech.com/ipostatus/

Step 2: Select “Life Insurance Corporation of India IPO”

Step 3: Select the Query by ‘Application No’ Or ’DPID/Client ID’ Or ‘PAN’

Step 4: Enter the Application Type, Application number or DPID and Client ID or PAN details as per the selected option. Finally, enter the Captcha and click on the Submit button.

Here’s how a typical IPO allotment search result page will look like: 

Name of the issue or company: Life Insurance Corporation of India

Application Number: C946382047

Name of the Applicant: Vijay Shah

Shares applied: 15

Shares allotted: 15

Remarks: Allotted 

About – Life Insurance Corporation of India 

LIC is the largest insurance company in India in terms of new business premium with a market share of over 66% and the largest asset manager with an AUM of Rs 40.1 lakh crore. LIC is also the fifth largest insurance company in the world.

Established in 1956, under the LIC Act by the Government of India, LIC has been providing life insurance in India for more than 65 years and has the largest network of individual agents of around 13.3 lakh.

The company offers a wide variety of participating and non-participating products to its customers. These products include ULIP’s, saving insurance products, health insurance, term insurance products, and annuity & pension products.

Financials – Life Insurance Corporation of India

LIC’s new business premium (NBP) grew at a CAGR of 13.5% between FY19-FY21 while the total premium witnessed a CAGR of 9.2% during the same period. The company’s total premium in India grew at a CAGR of 9.3% while annualized premium equivalent (APE) grew at a CAGR of 6.0% between FY19-FY21.

LIC posted a net profit of Rs 2,974.14 crore in FY21, higher than Rs 2,710.48 crore in FY20. The company’s AUM in FY21 was at Rs 37,46,404.47 crore and Rs 34,14,174.57 crore in FY20. Its AUM as of December 2021 was Rs 40,90,786.78 crore.

Management – Life Insurance Corporation of India

Mangalam Ramasubramanian Kumar is the Whole-time Chairperson of LIC.

Pankaj Jain is a Government Nominee Director of the Corporation and is an officer at the Indian Administrative Service from the 1990 batch.

Raj Kumar, Siddhartha Mohanty, Ipe Mini and Bishnu Charan Patnaik are the Managing Directors of the Corporation.

Dr Ranjan Sharma and Vinod Kumar Verma are the Independent Directors of LIC. 

Disclaimer: This article is for information purposes only and should not be considered as stock recommendation or advice to buy or sell shares of any company. Investing in the stock market can be risky. It is therefore advisable to research well or consult an investment advisor before investing in shares, derivatives or any other such financial instruments traded on the exchanges.