LIC IPO share allotment: SC refuses to grant interim relief on pleas seeking stay
PremiumThe LIC IPO opened on May 4 for retail and other investors and is set to be allotted today
The Supreme Court today refused to grant any interim relief and stay the Life Insurance Corporation (LIC) IPO share allotment on a batch of pleas filed by some policy holders. A bench of Justices DY Chandrachud, Surya Kant and PS Narasimha said that the court should be reluctant to grant any interim relief in matters of commercial investments and IPO.
“We are not inclined to grant any interim relief", the bench said as it issued notice to the Centre and LIC on the batch of pleas seeking their response within eight weeks.
The bench said that on the aspect of interim relief the court must be guided by the well settled principle of prima facie case, balance of convenience and whether there is any irreparable injury.
The LIC IPO opened on May 4 for retail and other investors and is set to be allotted on Thursday.
The bench noted that one of the pleas has challenged the interim order passed by the Bombay High Court and disposed it, saying the writ petition before the high court will be transferred to the apex court.
The top court tagged the batch of pleas with a pending matter referred to a Constitution bench on the issue of passage of the Finance Act, 2021 as a money bill.
Direct links to check LIC IPO allotment status online
Bidders are advised to check their LIC IPO allotment status online by logging in at the BSE website or at the website of the official registrar of the IPO — KFin Technologies Ltd. For convenience, bidders can login at direct BSE link — bseindia.com/investors/appli_check.aspx or at direct KFin Tech link — ris.kfintech.com/ipostatus/ipos.aspx and check LIC IPO application status online.
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LIC IPO allotment status: How to check at BSE website
1] Login at the direct BSE link — bseindia.com/investors/appli_check.aspx;
2] Select LIC IPO;
3] Enter your LIC IPO application number;
4] Enter your PAN details;
5] Click at 'I'm not a robot'; and
6] Click at 'Submit' button.
Your LIC IPO allotment status will become available on the computer monitor or on the Smartphone screen.
LIC IPO allotment status: How to check on KFintech website
1] Login at direct KFintech link — ris.kfintech.com/ipostatus/ipos.aspx;
2] Click at LIC IPO;
3] Select either of Application Number or DPID/Client ID or PAN (Let's take application number);
4] Enter LIC IPO application number;
5] Fill Captcha; and
6] Click at 'Submit' button.
Your LIC IPO allotment status will become available on the computer monitor or on the Smartphone screen.