LIC IPO Live Updates: Total subscription at 2x on final day; QIB portion booked 1.12 times, retail part subscribed 1.7 times

LIC IPO Update

The Government Will Be selling 3.5% stake Entirely through an Offer for Sale (OFS) and 10% Of the shares are reserved for the LIC Policyholders and 0.7% for LIC Employees. And 31.25% Is reserved for retail Investors.

The Life Insurance Corporation of India (LIC) IPO is likely to be the biggest initial public offering in the Indian stock market. Meanwhile, the government has reserved 10% which is around 3.16 corers of shares of LIC through IPO.

Our Portal will Give you Each and every detail which You Are searching For.

This  Below Date Are Very Important Dates If You Have Apply For the IPO or Wants to Apply IPO.

LIC IPO Live Updates

LIC IPO Dates Update:

IPO Opening DateMay 4, 2022
IPO Closing DateMay 9 ,2022
Allotment DateMay 12, 2022
Initiation Of RefundsMay 13, 2022
Credit Of Shares To Demat AccountMay 16, 2022
IPO Listing DateMay 17, 2022
UPI Mandate expiry dateMay 10, 2022

LIC IPO Basic Details:

Openning date May 04 2022Closing date May 09 2022
Price Band ₹902 – ₹949Issue Size  21000 Cr
Face Value ₹ 10 (Per Equity Share)Market Lot 15 Shares

LIC IPO Latest News and Subscription Status Update

At 5:05:00 PM.

  • This IPO has been subscribed 1.77x by 5:05 PM. on Day 5
  • It is a public issue of 16,20,78,067 equity shares.

Status of Subscription

  • (QIB) Qualified institutional buyers: 0.67x
  • (NII) Non-institutional buyers: 1.21x
  • (RII) Retail Individual buyers: 1.56x
  • Employees: 3.75x
  • Policyholders: 4.96x

At 4.05:00 PM.

  • This IPO has been subscribed 1.76x by 4:05 PM. on Day 5
  • It is a public issue of 16,20,78,067 equity shares.

Status of Subscription

  • (QIB) Qualified institutional buyers: 0.67x
  • (NII) Non-institutional buyers: 1.20x
  • (RII) Retail Individual buyers: 1.55x
  • Employees: 3.74x
  • Policyholders: 4.94x

At 3.05:00 PM.

  • This IPO has been subscribed 1.74x by 3:05 PM. on Day 5
  • It is a public issue of 16,20,78,067 equity shares.

Status of Subscription

  • (QIB) Qualified institutional buyers: 0.67x
  • (NII) Non-institutional buyers: 1.20x
  • (RII) Retail Individual buyers: 1.53x
  • Employees: 3.70x
  • Policyholders: 4.88x

At 2.05:00 PM.

  • This IPO has been subscribed 1.73 x by 2:05 PM. on Day 5
  • It is a public issue of 16,20,78,067 equity shares.

Status of Subscription

  • (QIB) Qualified institutional buyers: 0.67x
  • (NII) Non-institutional buyers: 1.19x
  • (RII) Retail Individual buyers: 1.52x
  • Employees: 3.68x
  • Policyholders: 4.85x

At 1.05:00 PM.

  • This IPO has been subscribed 1.72x by 1:05 PM. on Day 5
  • It is a public issue of 16,20,78,067 equity shares.

Status of Subscription

  • (QIB) Qualified institutional buyers: 0.67x
  • (NII) Non-institutional buyers: 1.19x
  • (RII) Retail Individual buyers: 1.51x
  • Employees: 3.65x
  • Policyholders: 4.82x

At 12.10:00 PM.

  • This IPO has been subscribed 1.71x by 12:10 PM. on Day 5
  • It is a public issue of 16,20,78,067 equity shares.

Status of Subscription

  • (QIB) Qualified institutional buyers: 0.67x
  • (NII) Non-institutional buyers: 1.18x
  • (RII) Retail Individual buyers: 1.50x
  • Employees: 3.63x
  • Policyholders: 4.78x

At 10.40:00 AM.

  • This IPO has been subscribed 1.69x by 10:40 AM. on Day 5
  • It is a public issue of 16,20,78,067 equity shares.

Status of Subscription

  • (QIB) Qualified institutional buyers: 0.67x
  • (NII) Non-institutional buyers: 1.15x
  • (RII) Retail Individual buyers: 1.48x
  • Employees: 3.60x
  • Policyholders: 4.74x

Important Links for Policyholders

About LIC of India:

LIC Is Owned by The Government Of India. LIC IS The Only Life Insurance Company Which serve their facility to Rural And Urban areas. LIC Operates 8 Zonal And 113 Divisional Offices.

LIC IPO Purpose:

  • The government aims to get 21,000 corers by offloading 3.5% of its shares.
  • Enhance the brand image & provide a public market for the equity shares in India.

How To Apply For LIC IPO:

  • Link your bank account to a UPI ID.
  • Register your UPI id with your Demat account.
  • Subscribe for LIC IPO and approve the payment on your UPI ID.

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