After 6 days of bidding for LIC‘s IPO, people are eagerly waiting for the allotment date to be finalized. All those who applied for the public issue can check the allotment status online by logging in at BSE website.
LIC IPO date
The Initial Public Offering of LIC IPO has been subscribed 2.95 times for over 16.20 crores shares. These shares were on offer on the market from the 4th of May 2022 to the 9th of May 2022. The shares were fixed for a price of Rs 902 to Rs 949 per share.
The insurance company received bids for shares against the total issue size of Rs 16.20 crore. The shares that qualified QIBs were subscribed 2.91 times.
The IPO is entirely an Offer for Sale wherein the central government is also selling 22.13 crore shares in its stake.
The share allotment date is suppose to be finalized by Thursday, 12th May of 2022.