LIC IPO allotment status: Haven't received shares? All you need to know about refund
India Today
Applicants, who have checked allotment status and were not allotted shares of LIC, will get back their money as initiation of the refund process began on Friday.
The share allotment of the LIC IPO has been completed. Those who participated in India's biggest public offering must have checked allotment status to know whether they have been allotted shares or not.
Following the completion of the share allotment of LIC's IPO, there will be initiation of refunds for those who have not received shares. Finally, before the listing date, shares will be credited to demat accounts of applicants who have been alloted shares of LIC by the government.
Applicants, who have checked allotment status and were not allotted shares of LIC, will get back their money as initiation of the refund process began on Friday.
There's a mandatory period for IPO refund. Before the end of that IPO refund period, applicants will receive the money.
The LIC IPO had a face value of Rs 10 per share.
The IPO price has been fixed between Rs 902 and Rs 949 per share.
The issue size of LIC's IPO aggregates up to Rs 21,000 crore.
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