IPO Alert: Life Insurance Corporation of India

LIC has been providing life insurance in India for more than 65 years and is the largest life insurer in India, with a 61.6% market share in terms of premiums, a 61.4% market share in terms of New Business Premium, a 71.8% market share in terms of number of individual policies issued, and a 88.8% market share in terms of number of group policies in 2021.

Bid/Offer Opens OnWednesday 04-May-22
Bid/Offer Closes OnMonday 09-Apr-22
Price BandRs. 902 - Rs. 949 per equity share
Lot Size15 Shares

How to apply via Web Platform

The below table has important dates with respect to the IPO allotment and listing.

Finalization of Basis of Allotment12-May-22
Initiation of Refunds13-May-22
Credit of Shares to Demat Acct16-May-22
IPO Shares Listing Date17-May-22
UPI mandate expiry date18-May-22

How to Check Allotment Status

In case you have not been allotted for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date as mentioned in the above table. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.

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