LIC IPO Details, Price Band, Lot size

Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase LIC IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply LIC IPO with Zerodha.

Alternate approch to apply in LIC IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

LIC IPO Review and Important Updates

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LIC IPO Review and Important Updates

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Applying in LIC IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download LIC IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.

For more details on how to use UPI payment method to apply LIC IPO, please refer article >> Link

LIC IPO Review and Important Updates

Steps to download the online application form for LIC IPO

• Step1:Click here.
• Step2: Click on “Bid-cum Application Form Download”
• Step3: Above Step will open an online form.
• Step4: Enter your Name, PAN, DP Type, DP Information, UPI No, Bank information (Do not enter), Address, email, phone, Transaction Type - "ASBA".
• Step5: Fill bid details - min 15 and max 210 shares (14 lots).
• Step6: Now fill the character given in Box, read and agree on terms and conditions and click on the download button.
• Step7: This will fill your application online and give you a pdf file.
• Step8: Take a print of this document and go to your bank for UPI transactions.

Or

• You can download “Blank Application Form Download” and fill all the required filed and submit to the nearest bank for UPI transaction.

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LIC IPO is going to be list on 17-05-2022. NSE Code for LIC is LICI. BSE Code for LIC is 543526.

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LIC IPO Allotment Date is 12-05-2022.

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If you are a policyholder then link your PAN card at the earliest to become eligible policyholders. The cut-off date to have LIC policy is 13 Feb 22 and the last date to register PAN card with your LIC policy is 28 Feb 22. Here are the steps explained on how to link a PAN card to your LIC Policy;

Linking LIC Policy with PAN card process;

1. Visit the LIC’s official PAN card link web page.
2. Enter the following details online;

• DOB (as per PAN card).
• Gender
• Email id
• Full name as per PAN
• Mobile number
• Policy number, and once entered, click on the "Add Policy" option./li>

3. Tick the checkbox to authorize linking your PAN card with LIC policy.
4. Enter the captcha code correctly.
5. Click on the “Get OTP” option.
6. Enter the 6 digits OTP sent to your mobile number and your PAN will be successfully linked to your LIC policy.

Open Demat Account for LIC IPO

If you have successfully completed the above steps, then it is important to check the PAN card status online to know whether it is successfully linked to your LIC policy or not. Policyholders can check the PAN linking status online through the LIC’s official website.

Steps to check PAN card availability status in LIC policy;

1. Go to the LIC Policy PAN Status web page.
2. Enter policy number, DOB, and PAN card number.
3. Enter the Captcha code and click on the “Submit” option.
4. The PAN availability status in the LIC policy will be displayed on the screen.

Open Demat Account for LIC IPO

LIC, the country’s biggest insurer company’s IPO has a policyholders’ reservations of 10%. Any person who has atleast one LIC Policy by record date, 13 Feb 22 (DRHP filling date), and have registered their PAN card number to the policy by the record date, 28 Feb 22 will be eligible policyholders. They can subscribe to the LIC IPO under the policyholder’s reservation quota.

Open Demat Account for LIC IPO

LIC, India’s biggest public insurer has fixed the cut-off date, 13 Feb 22 to have a LIC policy. One who has an insurance policy must link their PAN card number to the LIC policy online through its official UID Seeding web app by 28 Feb 22 to become an eligible policyholder.

If you have a LIC Policy but have not updated PAN details by 28 Feb 22 will not be considered as eligible policyholders to subscribe to the LIC IPO.

Open Demat Account for LIC IPO

LIC is India’s biggest public insurance company with a 64.1% market share in terms of premium. LIC IPO is going to be India’s biggest IPO on boards with an embedded value of Rs. 5.4 trillion. Currently, LIC is fully owned by the Government of India (GOI) and is looking to disinvest around 5% stake through an offer for sale. Check out the key facts about LIC to decide how good is LIC IPO? Or is it worth buying LIC IPO?

• Largest insurance company in India with a 1% market share in terms of GWP and 66.2% market share in terms of New Business Premium.
• Different insurance products such as life insurance, unit-linked insurance products, saving insurance products, term insurance products, health insurance, and annuity & pension products.
• Largest AUM (Asset Under Management) of Rs. 39,558,929.24 million as of 30 Sep 2021.
• Largest omnichannel distribution network; 2048 branches and 1554 satellite offices in 91% of districts in India.
• Subsidiaries in Bahrain, Bangladesh, Nepal, Singapore, and Sri Lanka and foreign offices in Fiji and Mauritius.
• Largest agent base of 1.35 million life insurance agents as of March 31, 2021.
• Brand Finance reported LIC as the 3^rd strongest and 10^th most valuable global insurance brand.

To apply under the Policyholders reservation portion category, policy papers must be issued on or before the date of DRHP filling, 13 Feb 2022. Having a policy with LIC doesn’t qualify you as an eligible policyholder as it is also important to register your PAN card with the insurance policy by 28 Feb 22 to apply to the IPO under the Policyholders reservation category. It is necessary that you should not have exited by way of surrender, maturity, or death claim on the IPO offer opening date.

Open Demat Account for LIC IPO

LIC IPO have 10% reservation of 22,137,492 equity shares for eligible policyholders. Eligible Policyholders can place a maximum bid amount of upto Rs. 200,000(net of policyholders discount) under the LIC IPO Policyholder Reservation Portion. They are also allowed to apply in the retail category with a maximum bid amount of Rs. 200,000 thus, LIC Policyholders can place 2 application with a maximum bid amount of Rs. 2 lakh + Rs. 2 Lakh = Rs. 4 Lakh. Policyholders can apply to the LIC IPO at the cut-off price and the bid amount will be the cap price.

Open Demat Account for LIC IPO

If the LIC IPO policyholders reservation category is oversubscribed (application exceeds the shares offered) than the allotment will be done on a proportionate basis, provided the value of allocation to an Eligible Policyholder will not exceed the bid limit of Rs. 200,000 (net of Policyholder Discount). Thus, policyholder who apply for the LIC IPO shares will get the allotment but the quantity of shares will be depend on the extent of policyholder reservation portion's oversubscription.

Open Demat Account for LIC IPO

Policyholders have to meet the following two conditions to meet the eligibility criteria to apply under the policyholder's reservation category.

1. You must have atleast one or more insurance policies with LIC by the DRHP filing date or cut-off date, 13 Feb 22.
2. Policyholders must have LIC policies linked with the PAN card number by the record date i.e. 28 Feb 22.

Eligible policyholders who have a Trading & Demat account with any broker can apply for the LIC IPO.

Open Demat Account for LIC IPO

LIC IPO issue have not less than 35% of the issue size reserved for retail institutional bidders (RIBs). Retail investors can bid upto a maximum bid amount of Rs. 200,000 and entitled to apply at cut-off price. The company offers retail investors a discount of Rs. 45 per share. The maximum amount to bid under the retail category is 14 lots * 15 shares in one lot * 949 equals to the maximum bid amount for retail investors to Rs. 199,290 with net bid value of Rs. 189840, net of employees discount. Retail investors can place a bid for atleast 1 IPO lot.

If the issue is oversubscribed, then allotment to each RIB will not be less than the minimum bid lot, subject to shares offered in the retail portion, and remaining shares if any will be allotted on a proportionate basis.

Permanent employees of LIC or its subsidiary companies or director who are working in India and continue to be an employee or directors during the IPO bid-offer opening period will be qualified as an eligible employees.
Eligible Employees can subscribe to the LIC IPO under the Employees Reservation category with a maximum bid amount of upto Rs. 200,000.

No, if you have a joint life policy with LIC then any one of the two policyholders will be eligible to apply as a policyholder under the Policyholder Reservation Portion category. Whoever among the two is applying for the IPO must have PAN linked with the policy in LIC records. Applicant or bidder also have a Demat account in his/her name, or if you have a joint Demat account then applicant policyholder must be the first or primary holder.

No, the allotment to LIC IPO applicants as policyholders is not guaranteed as it depends on the competitive bidding and subscription under the category. The issue has approximately 10% reserved for eligible policyholders.

Yes, if you are a proposer of the LIC policy of your minor child then you will be considered as policy owner or policyholder, and will be considered as an eligible policyholder to apply under the policyholders reservation category.

Open Demat Account for LIC IPO

Whether LIC IPO will be profitable or not is unpredictable. It is the largest IPO that is going public soon to list on the BSE and NSE. The LIC IPO listing gains depends on several factors such as follows:

• IPO Subscription: Oversubscription or undersubscription.
• IPO price: Cheap or reasonable valuation or high valuation.
• Market situation on the listing date and LIC IPO shares demand and supply.

LIC IPO constitutes an employee reservation of 1,581,249 equity shares with the net issue size of 143 cr. The IPO comprises an employee discount of Rs. 45 per share to all eligible employee applying under the employee reservation category. Eligible employees of LIC can apply under the Employee Reservation category at the cut-off price and the bid amount at the upper cap will be locked. The maximum bid amount by eligible employees will not exceed Rs. 200,000 (net of employees discount).

LIC has fixed 28 Feb 22 as the record to register PAN card with your policy. The record date here is the last date to link PAN card with LIC policy to become an eligible policyholders. Policyholders can link PAN card with their insurance policy on the LIC UID Seeding web platform and check Policy PAN status online.

LIC IPO public issue have upto 10% reservation for its policyholders. The company has offered the discount of Rs 60 per share for eligible policyholders under the Policyholders reservation category. It is around a 6.32% LIC IPO discount for policyholders.

Open Demat Account for LIC IPO

LIC policyholders can link PAN card in LIC policy online on the LIC UID Seeding Web App platform. Here is the link to register PAN card with your policy. You just need to fill out some basic details like PAN card number, mobile number, DOB as per PAN, policy number, etc. and enter the OTP.