The Supreme Court today refused to grant any interim relief and stay the IPO share allotment of Life Insurance Corporation (LIC) on petitions filed by some policy holders. A bench of Justices DY Chandrachud, Surya Kant and PS Narasimha said the court should hesitate to grant any interim relief in cases of commercial investment and IPOs.
“We are not inclined to grant any interim relief”, the bench said, as it had issued notices to the Center and LIC on petitions seeking their replies within eight weeks.
The bench said that on the aspect of interim relief, the court has to be prima facie guided by the well-established principle of the case, balance of convenience and whether there is any irreparable loss.
The LIC IPO is open for retail and other investors on May 4 and is to be allotted on Thursday.
The bench said that a petition has challenged the interim order passed by the Bombay High Court and disposed of it saying that the writ petition before the High Court shall be transferred to the Apex Court.
The top court referred the batch of petitions to a constitution bench with a pending matter on the issue of passing the Finance Act, 2021 as a money bill.
Direct Link to Check LIC IPO Allotment Status Online
Bidders are advised to check their lic ipo allotment status online For convenience, the bidders may directly log on to the BSE link – bseindia.com/investors/appli_check.aspx OR Directly on Caffeine Tech Link – ris.kfintech.com/ipostatus/ipos.aspx And check LIC IPO application status online.
LIC IPO Allotment Status: How to check on BSE website
1]Directly log on to the BSE link – bseindia.com/investors/appli_check.aspx;
2]Choose LIC IPO;
3]Enter your LIC IPO Application Number;
4]Enter your PAN details;
5]Click on ‘I am not a robot’; And
6]Click on the ‘Submit’ button.
Your LIC IPO allotment status will be available on the computer monitor or smartphone screen.
LIC IPO Allotment Status: How to Check on Kefintech Website
1]Directly login to KFintech link – ris.kfintech.com/ipostatus/ipos.aspx;
2]Click on LIC IPO;
3]Select either Application Number or DPID/Client ID or PAN (Let’s take Application Number);
4]Enter LIC IPO Application Number;
5]Fill the captcha; And
6]Click on the ‘Submit’ button.
Your LIC IPO allotment status will be available on the computer monitor or smartphone screen.