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.
In a big relief to Life Insurance Corporation of India (LIC), Supreme Court on Thursday refused to stay the ongoing initial public offering (IPO) of the country's top insurer. LIC is likely to finalise the share allotment of its mega IPO by the end of today.