Firstpost
  • Home
  • Video Shows
    Vantage Firstpost America Firstpost Africa First Sports
  • World
    US News
  • Explainers
  • News
    India Opinion Cricket Tech Entertainment Sports Health Photostories
  • Asia Cup 2025
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
Trending:
  • PM Modi in Manipur
  • Charlie Kirk killer
  • Sushila Karki
  • IND vs PAK
  • India-US ties
  • New human organ
  • Downton Abbey: The Grand Finale Movie Review
fp-logo
LIC IPO expected to open on 4 May: Here's how to apply, things to keep in mind for policyholders
Whatsapp Facebook Twitter
Whatsapp Facebook Twitter
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
  • Home
  • Business
  • LIC IPO expected to open on 4 May: Here's how to apply, things to keep in mind for policyholders

LIC IPO expected to open on 4 May: Here's how to apply, things to keep in mind for policyholders

FP Trending • April 27, 2022, 10:52:11 IST
Whatsapp Facebook Twitter

Ten percent of the LIC IPO has been reserved for policyholders. While bidding, a discount will also be offered to policyholders and LIC employees

Advertisement
Subscribe Join Us
Add as a preferred source on Google
Prefer
Firstpost
On
Google
LIC IPO expected to open on 4 May: Here's how to apply, things to keep in mind for policyholders

The public issue of Life Insurance Corporation of India (LIC) is expected to open on 4 May. The Initial Public Offering (IPO), which is set to be the biggest-ever in the country, will bring an estimated Rs 21,000 crore to the exchequer. Ten percent of the LIC IPO has been reserved for policyholders. While bidding, a discount will also be offered to policyholders and LIC employees. Here is what policyholders should keep in mind regarding the Reservation Portion before the LIC IPO:

  1. Only Indian residents, who are LIC policyholders, are eligible to apply. NRI policyholders and other policyholders are not eligible to apply for the Reservation Portion.
  2. All policies, except group policies are eligible to apply under the Reservation Portion. People with lapsed LIC policies can also bid under the reserved portion.
  3. People how are eligible to apply for the issue must ensure that their PAN card details must be updated in the policy records. Policyholders who did not update their PAN details before 28 February this year, will not be eligible to apply for the public issue, according to the draft red herring prospectus of the company filed before SEBI in February.
  4. A demat account is a must before applying for the LIC IPO.

Here’s how to apply for LIC IPO: •    Login to your online banking account. •    Select the investments section and click on the IPO/e-IPO section given there. •    Fill in your depository details and account details. •    Once the verification process is complete, select the “Invest in IPO” option •    Select the IPO you want to apply for and enter details such as bid price and number of shares. •    Read the Terms and Conditions carefully before placing the bid. •    Confirm the order and click on “Apply now” to finalise your bid. Once the share allotment date is finalised, you can also visit the website of the Bombay Stock Exchange to check your share allotment status. Steps to check LIC IPO allotment status:

  • Visit the website- https://www.bseindia.com/investors/appli_check.aspx.
  • Click on the issue type and then select ‘LIC’ as the issue name.
  • Enter the required details such as PAN Card and click submit.
  • The LIC share allotment will appear before you.

LIC has also reserved five percent of shares for employees. The public issue is expected to be open till 9 May.

Tags
Life Insurance Corporation of India LIC IPO how to apply for LIC IPO how to check LIC IPO share allotment LIC IPO reserved for policyholders
End of Article
Latest News
Find us on YouTube
Subscribe
End of Article

Impact Shorts

Chennai Ranks #1 in Challan Checks: ACKO Insights for Smarter Car and Two Wheeler Insurance Decisions

Chennai Ranks #1 in Challan Checks: ACKO Insights for Smarter Car and Two Wheeler Insurance Decisions

Chennai leads India in challan checks, with drivers checking their e-challans over 5 times a month on average. Helmet non-compliance is the most broken rule, accounting for 34.8% of all traffic offences in Chennai. Regular digital challan checks help drivers avoid hefty fines, promote safe driving, and improve insurance premiums.

More Impact Shorts

Top Stories

Russian drones over Poland: Trump’s tepid reaction a wake-up call for Nato?

Russian drones over Poland: Trump’s tepid reaction a wake-up call for Nato?

As Russia pushes east, Ukraine faces mounting pressure to defend its heartland

As Russia pushes east, Ukraine faces mounting pressure to defend its heartland

Why Mossad was not on board with Israel’s strike on Hamas in Qatar

Why Mossad was not on board with Israel’s strike on Hamas in Qatar

Turkey: Erdogan's police arrest opposition mayor Hasan Mutlu, dozens officials in corruption probe

Turkey: Erdogan's police arrest opposition mayor Hasan Mutlu, dozens officials in corruption probe

Russian drones over Poland: Trump’s tepid reaction a wake-up call for Nato?

Russian drones over Poland: Trump’s tepid reaction a wake-up call for Nato?

As Russia pushes east, Ukraine faces mounting pressure to defend its heartland

As Russia pushes east, Ukraine faces mounting pressure to defend its heartland

Why Mossad was not on board with Israel’s strike on Hamas in Qatar

Why Mossad was not on board with Israel’s strike on Hamas in Qatar

Turkey: Erdogan's police arrest opposition mayor Hasan Mutlu, dozens officials in corruption probe

Turkey: Erdogan's police arrest opposition mayor Hasan Mutlu, dozens officials in corruption probe

Top Shows

Vantage Firstpost America Firstpost Africa First Sports
Latest News About Firstpost
Most Searched Categories
  • Web Stories
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Tech/Auto
  • Entertainment
  • IPL 2025
NETWORK18 SITES
  • News18
  • Money Control
  • CNBC TV18
  • Forbes India
  • Advertise with us
  • Sitemap
Firstpost Logo

is on YouTube

Subscribe Now

Copyright @ 2024. Firstpost - All Rights Reserved

About Us Contact Us Privacy Policy Cookie Policy Terms Of Use
Home Video Shorts Live TV