Latest LIC IPO GMP today; also check subscription status, and other details

LIC IPO GMP today: Investors can check the latest GMP, subscription status and other details regarding the LIC IPO here.

LIC IPO: Latest GMP, subscription status and more- here's all you need to know. (Reuters)

LIC IPO GMP today: Have you applied for the biggest ever public offer in India yet? If not, you can do it today as well. Yes, the initial public offer (IPO) of the Life Insurance Corporation of India (LIC) is open for subscription this weekend too through special dispensation. Today being the 4th day of the bidding process, investors can apply for the LIC IPO online via Paytm, Groww, Upstox, among others. It can be known that the LIC IPO opened for subscription on May 4 and will conclude on May 9. According to the information provided by ipowatch.in2, LIC IPO GMP was at Rs. 50 on Friday. This means that the GMP is down by Rs. 15 than the previous day as it was at Rs. 65 on Thursday.

On the third day of the bidding process, the shares of the ₹21,000-crore issue were subscribed 1.38 times. The portion reserved for Qualified Institutions (QIB) was subscribed 0.56 times, Non-institutional Buyers 0.76 times, and Retail Investors 1.23 times. It can be known that on day 1 the issue was subscribed 0.67 times followed by 1.03 times on day 2.

Meanwhile investors who will be applying for the offering today (day 4 of the bidding process) can know that the price band of the LIC IPO has been fixed between Rs. 902 and Rs. 947 per equity share. Retail Individual and Eligible Employee Category are being provided a discount of Rs. 45 per equity share and Rs. 60 equity share to Eligible PolicyHolder Category.

The book running lead managers of the IPO include Kotak Mahindra Capital Company Limited, Axis Capital Limited, BofA Securities India Limited, Citigroup Global Markets India Private Limited, JM Financial Limited, Goldman Sachs (India) Securities Pvt. Ltd., ICICI Securities Limited, J.P.Morgan India Private Limited, Nomura Financial Advisory and Securities (India) Private Limited, and SBI Capital Markets Limited. While the registrar of the IPO is KFin Technologies Private Limited (formerly known as Karvy Fintech Private Limited).

How to bid for LIC IPO online

As already stated, bidders or investors can apply for the LIC IPO via Paytm, Groww, Upstox, among others. Here is how you can apply via Groww.

How to bid for LIC IPO online via Groww

Time	Tools	Supplies
20 Minutes	Smartphone Laptop Desktop	Internet Updated browser

Step 1:

Login to the application and click on the IPO tab.

Step 2:

Select LIC IPO and click on Apply. You will then have to place your bid and mention the lots.

Step 3:

Choose cut-off price and then select investor type.

Step 4:

Enter your UPI ID and accept the mandate.