The Life Insurance Corporation of India has already allotted its shares. The focus has now shifted toward the listing date and price. The shares will most likely get listed on 17th May 2022. However, market observers feel that the shares will get listed at a discount.
Investors can check their share allotment status using their computers/laptops or smartphones. The allotment status is available on the registrar’s website KFin Technologies Limited and the BSE. Further, the information is available on investors’ Demat accounts and they must have received an email regarding their allotment status from the registrar.
Investors need to have their PAN Number or the IPO application number handy while checking the allotment status.
- Steps to check LIC IPO allotment status on the KFintech website
- Login at the direct KFintech link
- Click on LIC IPO
- Select either application number or DPID/Client ID or PAN
- Enter LIC IPO application number
- Fill Captcha
- Click on the ‘submit’ button
- The LIC IPO status will be available
- Steps to check LIC IPO allotment status on the BSE’s website:
- Login at the direct BSE link
- Select LIC IPO
- Enter LIC IPO application number
- Enter PAN details
- Click on ‘I’m not a robot’
- Click on the ‘submit’ button
- The LIC IPO status will be available
The shares of LIC are quoting at a discount of ₹25 in the grey market today. The grey market premium (GMP) for the shares has been on the negative side for three consecutive days. The GMP was minus ₹26, indicating that it has remained almost steady.
In the last ten days, the LIC IPO’s GMP has tanked around 125%. According to market observers, a negative trend in the secondary markets has done major damage to the GMP of the insurance behemoth’s IPO. Overall the sentiment is bearish.
Grey market premium is not an ideal indicator of the success and failure of the IPO. It is unofficial data that is not regulated. The financials of a company give a better picture of the company.
Disclaimer
The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
