LIC IPO: The Mega Initial Public Offer (IPO) of Life Insurance Corporation of India (IPO) is open for subscription today. LIC IPO Already subscribed 1.03 times as of Day 2, set aside for LIC policyholder The share is being subscribed 3.11 times. Employees subscribed 2.21 times, while retail investors subscribed 93 per cent of their allotted quota. On the other hand, QIBs bid for 40 per cent of the shares and NIIs bid for 47 per cent of the share set aside for them. Through LIC’s IPO, the government plans to raise Rs 21,000 crore to meet its disinvestment targets.
reason LIC IPO Such a hit among LIC policyholders can be attributed to attractive discounts for them. Here’s Everything You Need to Know If You’re the One LIC policyholder Who wants to subscribe to LIC IPO:
LIC IPO for Policyholders – Who Can Buy?
LIC The draft Red Herring Prospectus (DHRP) lists certain criteria with which policyholders will be able to utilize their quota and buy LIC IPO shares at a discount of Rs 60. Firstly, all the policyholders need to open a demat account to apply for the IPO. Secondly, LIC policyholders whose PAN is linked to the insurance policy by February 28, 2022, will be eligible to apply for LIC IPO under the policyholder quota, the company said in its regulatory filing.
In addition, all policies that have not been taken out of LIC records due to maturity, surrender or death of the policyholder are eligible for reservation under policyholder reservation.
LIC IPO: Required Documents
You will need an LIC policy that is linked to the PAN linked to your demat account. To open a demat account, you need your identity proof, age proof, PAN details, photo etc.
lic ipo price, size
The price band of LIC’s IPO has been fixed at Rs 902 to Rs 949 per equity share. However, there is a discount of Rs 60 per share in the LIC IPO for policyholders, while employees and retail employees will get a discount of Rs 45 per share.
The government is trying to raise Rs 21,000 crore through this issue. Anchor investors have already invested Rs 5,000 crore in LIC’s IPO.
lic ipo gmp today
Market observers said LIC shares are available at a premium of Rs 65 in the gray market today. LIC IPO GMP today is Rs 65, same as yesterday. However, LIC’s IPO GMP has come down from Rs 90 to Rs 65 in the last few days amid negative market sentiment.
LIC IPO for Policyholders
LIC policyholders who wish to subscribe to LIC IPO can use various brokerage apps like Grow, Upstox and Zerodha or use the platform of any other Depository Participant (DP) to book the issue.
read all Breaking News , today’s fresh news And IPL 2022 Live Updates Here.