LIC is going to be listed on the stock exchange! will you get shares
Mumbai: LIC, the largest IPO in the Indian stock market, has decided on a formula for the allotment of IPO. Stock will start crediting in the demat account of the investors from today. LIC shares will be listed on National Stock Exchange and Mumbai Stock Exchange on Tuesday, 17 May.
to whom shares have been allotted earlier. The shares will be credited to their demat account. LIC’s IPO auction began last week on May 4. It ended earlier this week, on May 9. The allotment formula was announced this morning on May 13.
What is the allocation formula?
LIC’s IPO is allotted and if retail investors apply for one lot, they will get 15 shares. However, those applying in the policyholder category will be disappointed. If the policyholder has applied a lot in the category, the chances of getting the allotment are almost nil. The maximum number of applicants for 210 shares is 48 shares in the policyholder category.
How much was the membership? ,
During the IPO auction, 1.99 times in the retail category and 6.12 times in the policyholder category, applications were received. Hence, if the policyholder category has applied for a lot, no allotment is received.
When will LIC’s IPO be listed?
LIC’s IPO will be listed next week on Tuesday, May 17. To check the status if you have paid for the IPO https://www.bseindia.com/investors/appli_check.aspx Go to