LIC is one of the most awaited IPO announced today and issued to open on May 04 and closed on May 09. The Government is to sell a 3.5% stake through this IPO. The retail quota in this IPO will be 35% while the Qualified Institutional Buyer Quota is 50% and the HNI quota is 15%. Life Insurance Corporation IPO is one of the biggest IPO in the equity market. LIC IPO will be list on the Bombay Stock Exchange and National Stock Exchange. It will be a great opportunity for a retail investor to participate in this IPO and take a benefit from the disinvestment of Govt. Stake in this life insurance company. LIC policyholders will get an additional quota to apply for this IPO.
IPO Names: LIC
Price Band: Rs. 750-900 Per Share
Issue Size: 1 Lakh crore
IPO Date : 04 May to 09 May 22
Fresh Issue : Approx 25 Crore Share
Reservation : 10% for employees & Policy Holder
Lot Size : 16 Equity Share
Face Value : Rs 10/-
Minimum Investment : Approx 14,500/-
Allotment Date : 03 rd Week of May 22.
Listing Date : 04th Week of May 22.
Investors can subscribe to this IPO by betting for a single lot of 16 shares or in multiple, Retail Investors can bid a maximum of 13 lots. The quota of Retail Investors in LIC IPO is fixed at 35 Percent of net offer. QIB quota is fixed at 50 percent, while the NII Quota is at 15 Percent.
Open Free Demat and trading Account with undermentioned link :-
Paytm : https://paytmmoney.onelink.me/9L59/64be6812
Upstox : https://upstox.com/open-account/?f=HBR
Angel Broking : https://tinyurl.com/yx9gw7db
Zerodha : https://zerodha.com/open-account?c=ZMPOUL
Grey Market Premium
As on date, 25 Apr 22 at 1900hrs = 25/- Rupees only.
How To Apply RailTel IPO
You can apply this IPO online by using UPI and Bank Account or by the help of stock Broker.
For Opening of Demat &Trading Account use following Link are appended below : –
Zerodha : https://zerodha.com/open-account?c=ZMPOUL
Steps to apply in RailTel IPO through Zerodha :-
- Visit Zerodha Website and Login with Client ID and Password.
- Go to Portfolio and click on IPO.
- Go to RailTel IPO and click on bid button.
- Enter your UPI ID, Quantity and Price.
- Submit IPO application form
Visit the UPI App to approve the mandate.
HOW TO CHECK IF MY PAN CARD IS ALREADY LINKED WITH MY LIC POLICY
Visit LIC Website to check your pan card is already linked with your LIC Policy. Enter your following details (policy Number, Date of Birth, PAN No. and fill captcha then submit to check your LIC Policy and Pan Card status.
Who will Get Benefitted
If your purchased your LIC Policy on or before 13th Mar 22 and your PAN has been updated in your policy on or before 28th Feb 22 then only you are eligible to get benefitted in this IPO.
How to check IPO Allotment
You can check IPO allotment status on BSE Website or Registrar and Transfer agent website.
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