Click it and Unblock the Notifications
Just In
Don't Miss
-
FREE, FREE, FREE! 3:1 Bonus: Pharma Stock Hits Back-To-Back Upper Circuits; 500 Shares To Earn Rs 1,69,500 -
Manchester City vs Chelsea LIVE Streaming: Where to Watch FA Cup Semi-Final in India, UK, USA and Other Countries -
Pukaar Dil Se Dil Tak Promo: Sayli Salunkhe Impresses In First Video Of Sony TV Show, Details About Her Role -
Golden Rules To Follow For Happy Marriage For A Long Lasting Relationship -
Exam Pressure Does Not Exist; Studying Punctually is Crucial; Says Aditi, the PSEB 2024 Topper -
Suzuki Swift Hatchback Scores 4 Star Safety Rating At JNCAP – ADAS, New Engine & More -
Dell Introduces AI-Powered Laptops and Mobile Workstations for Enterprises in India -
Journey From Delhi To Ooty: Top Transport Options And Attractions
LIC IPO opens today: How to apply
New Delhi, May 04: The Initial Public Offering (IPO) of The Life Insurance Corporation opens for retail and institutional investors on Wednesday and will close on May 9.
Recommended Video
LIC has fixed the price band at Rs 902-949 per equity share for the issue. The offer includes a reservation for eligible employees and policyholders. The retail investors and eligible employees will also get a discount of Rs 45 per equity share and policyholders will get a discount of Rs 60 per share.
In the behemoth life insurance and general insurance provider, the government shall offload 3.5% stake as against the previously sought 5% stake owing to the market conditions.
In the country's largest ever IPO which is a complete OFS - the centre plans to raise Rs. 20,557.23 crore much lower than the earlier estimated of about Rs. 60,000 crores.
LIC enjoys a strong market share of 61.6 per cent based on total premium and 61.4 per cent based on new business premium in the first nine months of FY22.
What is worrying is that LIC has been consistently losing market share to private peers.
The government will remain the largest shareholder and key manager even after the IPO. Thus, any future government intervention might be detrimental to shareholders.
LIC IPO opens today: How To Apply
Investors need to log-in to your online net-banking account.
Go to the investments section and click on the IPO/e-IPO option.
Investors will be required to fill depository details and bank account details.
After the verification process, investors need to go to "Invest in IPO".
Now, investors need to enter the number of shares and the "bid price".
Read the "Terms and Conditions" document carefully before placing any bid.
Investors can then confirm and place their order by clicking on "Apply Now".
How to invest in LIC IPO via SBI YONO app
Open the SBI YONO App on your smartphone
Login on the YONO SBI app using credentials Step
Under the main menu, go to the Investment section
Now, click on Open Demat & Trading Account
Fill in all the required details and confirm
