LIC IPO: GMP, share allotment, and listing date information may be found here.

At the completion of the six-day bidding period on Monday, the LIC IPO was roughly three times subscribed.

Tuhin Kanta Pandey, Secretary of the Department of Investment and Public Asset Management (DIPAM), described the response to the LIC IPO as “tremendous,” adding that the issue witnessed strong participation from all types of investors.
The government, which raised a total of 20,500 crore from the sale of 3.5 percent of its stake in the country’s largest insurer, dismissed foreign investor interest, saying the issue was an example of ‘Atmanirbhar Bharat’ (self-reliant India) and that the issue drew interest from a diverse group of investors.

Tuhin Kanta Pandey, Secretary of the Department of Investment and Public Asset Management (DIPAM), described the response to the LIC IPO as “tremendous,” adding that the issue witnessed strong participation from all types of investors.
The government, which raised a total of 20,500 crore from the sale of 3.5 percent of its stake in the country’s largest insurer, dismissed foreign investor interest, saying the issue was an example of ‘Atmanirbhar Bharat’ (self-reliant India) and that the issue drew interest from a diverse group of investors.

According to market experts, LIC shares are currently available in the grey market at a premium (GMP) of 16. The company’s shares will be listed on the BSE and NSE on Tuesday, May 17, 2022, while the share allotment is planned to take place on May 12.

The foundation for LIC IPO share allotment is likely to be finalised this week on Thursday, May 12, 2022, and if allotted, shares would be credited to bidders’ demat accounts on May 16. Because KFin Technologies Limited is the registrant for this IPO, the allocation application can be found on their website here or on the BSE website here.

Due to the unstable market conditions, LIC cut its IPO size from 5% to 3.5 percent, which was significantly lower than the previous expectation of over 60,000 crore.

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