LIC IPO Opening Tomorrow, How Policyholders can Buy LIC IPO Shares, How To Apply For LIC IPO, Issue Details | ADGAMERX

LIC IPO Opening Tomorrow, How Policyholders can Buy LIC IPO Shares, How To Apply For LIC IPO, Issue Details

LIC is the largest insurance provider company in India. It has a portion of the overall industry of above 66.2% in new business premium. The organization offers taking part protection items and non-partaking items like unit-connected protection items, saving protection items, term protection items, health care coverage, and annuity and benefits items.

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LIC IPO

The hang tight for everybody is practically done with the first sale of stock (IPO) of India's greatest insurance organization, Life Insurance Corporation (LIC) opening tomorrow May 4. The anchor effective financial planning choice has proactively opened on May 2, with the part getting oversubscribed because of solid interest. In the meantime, the primary issue of LIC IPO is set to open tomorrow, with financial backers of all classifications anticipating putting resources into the issue. The organization has likewise saved a different standard for policyholders interestingly, by which such qualified people will get a 10 percent reserved portion and discount while purchasing LIC shares.

Features Of The IPO

• LIC manage asset of Rs.39 lakh crores. That is more money than the entire mutual fund industry combined. They invest these funds across stocks and bonds. They own 4% of all listed stocks in India and more government bonds than the RBI.

• LIC is a part insurance and part investment products company. Their plans are a combination of insurance and investment with a guaranteed return.

• LIC has over 13.5 lakh agents who play bringing most of the new business. LIC plans offer 'fixed returns' along with life insurance coverage. This makes it easy to sell by agents and brings peace of mind to the insurers.

When Will The LIC IPO Be Available?

The huge LIC IPO will be available for subscription from Tomorrow i.e. 4th May 2022 (Wednesday). The IPO will be open till 9th May 2022.

How To Apply For LIC IPO?

Here is a step-by-step guide that will help you to Apply For LIC IPO.

1. Log in to your relevant Demat Account. We need a Demat Account through which we can apply for the LIC IPO and hold the stock if it gets allocated.
   
   Don't have a Demat Account??
   
   -Click on any of the Broker Below, Complete your KYC and get your Demat Account instantly for Free Lifetime
   
   - {getButton} $text={Join Groww For Free} $icon={default} $color={#0000FF}
   
   - {getButton} $text={Join Fyers For Free} $icon={default} $color={#0000FF}
   
   
2. Now Go To The IPO section there you'll see the LIC IPO.
   
   
3. Select the LIC IPO tab and choose the category you want to bid for. In the case of the policyholder, fill in your depository and bank account details.
   
   
4. Once done for that, enter the amount for bid and the amount of lot you want to apply for
   
   
5. Check all the terms and conditions and click apply option
   
   
6. After that, you will receive a mandate from the respective bank on your UPI app which you need to confirm. Now, complete the payment option by using UPI or any other online payment option you want, to buy LIC IPO shares.

How Will I Get My LIC Shares?

You'll get your shares in your Demat Account of whichever you choose whether it is Groww or Fyers on the day when allotment is done. This date is not confirmed yet.

LIC IPO listing date is on May 17, 2022.

How To Check Allotment Status?

Currently, nothing is confirmed but as anything gets confirmed you can check it on the NSE/BSE or registrar's website

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