LIC IPO: LIC is a polyholder, so how to invest for the issue, know the discount and other important things

The special thing is that LIC policyholders will also get a discount of Rs 60 per share. Whereas employees and retail investors will be given a discount of Rs 45.

LIC IPO: Life Insurance Corporation of India ie LIC has chosen to hold 10% of its IPO for policyholders. Interestingly,policyholders will likewise get a rebate of Rs 60 for each offer. Though workers and retail financial backers will be given a markdown of Rs 45. The value band of LIC's IPO has been fixed at Rs 902 to Rs 949 for every offer.

LIC esteem fit to be opened

Tuhin Kanta Pandey,Secretary,Department of Investment and Public Asset Management (DIPAM) said, "This organization has additionally been set up by policyholders. We currently welcome them to be investors. We need to welcome crores of Indians to take part as the worth of LIC is fit to be opened."

How policyholders can apply

This IPO will be a finished proposal available to be purchased of 22.137 crore shares. For policyholders,2.214 crore shares for example 10% offer has been kept available for later. 15.8 lakh shares for example 0.7 percent will be essential for the issue worker standard. Offers can be set in products of 15 value shares. Policyholders can put a most extreme bid of Rs 2 lakh under retail and representative quantity. Be that as it may,assuming you are a retail financial backer and a policyholder too as a representative,you can offer independently under all classes. Subsequently, the viable total cutoff for this situation will be Rs.6 lakh.

The primary contribution is Policyholder Quota

As per the distraction plan documented with market controller SEBI on Wednesday,the offers of qualified policyholders should be possible just at the cut-off cost. Offers got at or from the Offer Price will be considered for assignment under this Portion at Policyholder Discount. Policyholders Quota is a first of its sort advertising. As per the draft paper documented before, just policyholders holding LIC strategy on February 13 and till the bid or proposition opening date can apply under reservation. The last date for connecting the strategy with PAN was February 28.

Demat account is fundamental

Individuals covered under Group Policy won't be qualified to apply under this standard. Recall that a demat account is expected to partake in an IPO. If a policyholder has any desire to apply for an IPO,he ought to be the first record holder in quite a while/her demat account. On the off chance that it is a shared service,you ought to be the first or essential holder.