LIC IPO (Initial Public Offering) is available for subscription and will be open for bidding till 9th May 2022. As expected LIC policyholders have reacted strongly to this public offering of insurance. As of 12:33 PM on the second day of bidding, LIC IPO subscription status indicates that the Policyholder portion of the issue has been subscribed 2.49 times. This was expected by market observers prior to the opening of the public offering as a good number of LIC policyholders had opened a demat account to apply for LIC IPO. However, being a new demat account holder, some policyholders may face difficulty in applying for an IPO online.
For such applicants, they have two ways to apply LIC IPO Online – Through Net Banking or through Demat Account Login. However, to become eligible to apply under the policyholder category, one must have purchased his LIC policy on or before February 13, the day LIC has submitted the DRHP (Draft Red Herring Prospectus) with SEBI and the LIC policy has been issued to its Should have been attached with PAN. 28 February 2022.
How to Apply for LIC IPO Through Net Banking
1]Log in to Net-Banking using your credentials;
2]Go to investment option and click on IPO/e-IPO option;
3]Fill out the form and complete the registration; Select LIC IPO, enter number of lots and bid price;
4]Click on ‘Submit’ or ‘Apply’ option to make your LIC IPO application.
These steps may vary from bank to bank, but are expected to provide more or less the same way for LIC IPO to go through. But, it must be noted that after submission of the form, one’s bid amount will be blocked and will not reflect in the applicant’s bank balance. If the share is allotted to the allottees then it will be deducted.
How to Apply for LIC IPO through Demat Account
1]Log in to your Demat account using ID, Password or other credentials;
2]Click on IPO section on the main menu;
3]Select LIC IPO, select the policyholder in the Category section, fill in other information requested, submit your application by pressing the ‘Submit’ button;
4]Accept the mandate from the participating bank of your UPI ID, whatever you are using;
5]After accepting the mandate, click on ‘Apply’ option and your LIC IPO application will be successfully submitted.
Government of India has fixed the LIC IPO price band from 902 Declaration of exemption of 949 per equity share 60 per share for policyholders and Rs 45 per share for employees and retail investors. The tentative LIC IPO allotment date is 12th May 2022 and the tentative LIC IPO listing date is 17th May 2022.
According to market experts, LIC’s IPO GMP is today 60, which is 5 less than yesterday evening’s gray market premium.