LIC Likely to Finalise IPO Share Allotment on May 12

The oldest and biggest insurance company in India, LIC, may finalise IPO Share Allotment Today, May 12.

Bidders will be able to check LIC IPO allotment status online by logging in at the BSE website.

After completing 6 days of bidding for the IPO of Life Insurance Corporation (LIC) of India, the allotment date is expected to be on May 12.

The company will credit refunds in the bank accounts of unsuccessful investors by May 13.

And Equity shares will be credited to the demat accounts of eligible investors by May 16.

Finally, LIC will make its grand debut on the BSE and NSE on May 17.

Source: Money Control