How To Apply In LIC IPO? 

By Ansu Smriti Patel 28-04-2022

It is one of the largest life insurance providers in India that provides many types of Insurance Policy.

The Subscription is open from 4th May 2022 Till 9th May 2022.

The GoI has fixed LIC IPO price band at ₹902 to ₹949 per equity share.

Shares in a lot size is 15 shares.

Total issue size Rs 21,000 crore.

The maximum investment limit is up to Rs 2 lacs.

Who Can Apply For IPO?

1. Retail Investors 2. LIC Policyholder 3. LIC Employee 4. NRI Policyholder 5. Joint Policyholder

All you need is your DEMAT Account. Now a days it is very easy to open your DEMAT account through various application such as Grow, Zerodha, Angleone, ETC.

Steps To Apply In LIC IPO

1. Open Your DEMAT account. 2. Done your KYC. 3. Invest In IPO section. 4. Select The Public Offer. 5. Enter the no. of shares & bid price. 6. And you are done Click on APPLY NOW.

The benefit of applying under the policyholder reservation is that applicants will get a discount of Rs 60 on the IPO price

Apply OR Not In LIC IPO?

I think the investment in LIC IPO is good for you because it is no. 1 Insurance company in India and the profit ratio is increasing every year, through this you will get maximum profit in this.