Today is a big day for the IPO market as well as for those investors, who were waiting for the country's biggest IPO for a long time. Yes, LIC's IPO is going to open for subscription in a while. Let us inform you that on the last day i.e. on Tuesday, information has been given about this IPO by sending a message to the policyholders from the company.
IPO of Rs 21 thousand crore
This historic moment is also because it is the biggest IPO ever in the history of the country. Through this IPO, the government is selling a 3.5 percent stake in its wholly-owned country's largest life insurance company LIC and through this, the government plans to raise Rs 21,000 crore from the market. Let us inform you here that earlier the title of the country's largest IPO was the name of Paytm, which provides an online payment service.
Investors will be able to bid so much
Retail investors can bid for LICs I by lot. There will be 15 shares in one lot. That is, if we look at Rs 949 per share, then for one lot the investor will have to invest Rs 14,235. Here the investor can bid for a minimum of one lot and a maximum of 14 lots. This means that one can invest up to a maximum of two lakh rupees.
Share price so much will get so much discount
It is worth noting that the IPO of LIC will open today and close on May 9 at 5 pm. The price range of LIC's share has been fixed at Rs 902-949. In this, some shares have been kept reserved for existing policyholders and employees of LIC. A discount of Rs 45 per share will be given to retail investors and eligible employees and Rs 60 per share to policyholders. LIC shares will be listed in the market on May 17, while information about IPO allotment will be available by May 12.
Invest like this with SBI YONO
State Bank of India has informed its customers that customers of the bank can also invest in LIC IPO through the SBI YONO app. To invest in this, first, you have to open your SBI YONO app and after login, click on the investment option. By doing this you will see the option to open Demat and trade. After opening this account you can easily invest in LIC IPO. It is worth noting that for the convenience of the customers, the bank is not charging any fee for opening this account.
buy stake through Paytm
One can apply for LIC IPO through Paytm Money just like SBI. For this, first, go to the IPO section on the home screen of Paytm Money. If you are a policyholder, on the IPO details page, select Policyholders under 'Investor type'. Keep in mind that PAN should be linked to LIC policy and linked to Paytm Money Demat account. Now select the LIC IPO option and click on the 'Current & Upcoming' tab. After that select the 'Apply Now' option. Now on the new page when the bid page opens, you can update the price and quantity for the application. Then update your UPI ID in the 'Add UPI details' section and click on apply. Information will be given on allotment.
Also Read: LIC IPO: LIC's IPO is opening for common investors from today, will be able to bid till May 9
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