Easy steps to Apply LIC IPO for Common Man

"Ek train gayi toh dusri aayegi

LIC ka IPO doobara nahi aayega"

It is LIC, You must not miss this opportunity, even if you have no knowledge about it. In this article you will find the easy way to but LIC IPO. Finally, Most waited Initial Public Offering(IPO) is live today to buy. Life Insurance Corporation(LIC) is one of the biggest in terms of revenue, largest in terms of branches and people associated/working in India. LIC has a total AUM of Rs. 39 lakh crore it operates through 2048 branches, 113 divisional offices and 1,554 Satellite Offices. LIC has over 13.5 lakh agents across India they all are at ground level and connected with majority of the people of this country. Talking about the money management of LIC, It does manage more money then the total money of Mutual Fund Industry in India.

The LIC is 3rd strongest & 10th most valuable global insurance brand in 2021. LIC IPO is IPO of 221,374,920 equity shares of the face value of ₹10 aggregating up to ₹21,008.48cr. LIC IPO is priced at ₹902 to ₹949 per share. The minimum order quantity is 15 Shares. KFin Technologies Limited is the registrar for the IPO. LIC shares are proposed to be listed on BSE, NSE and it has various category like Employee of LIC, Policy Holder of LIC and Retail Individual of LIC.

Easy steps to Apply LIC IPO for Common Man

Step - 1 - Get Demat Account

News is everywhere, LIC IPO is open to apply for. Here comes the biggest problem for most of the Indian, They seriously want to apply and buy it but they don't know how to apply for it. Saving Account is the only thing they have ever heard of. They don't know Demat Account(A Demat account is a necessary account to hold financial securities in a digital form and to trade in the share market.). Just understand it, Saving Account is for money transactions likewise you need demat account for share transactions. So having demat account is must for having IPO. There are many banks and firms which are offering demat account facility for people. Here is the link attached for the opening a demat account with India's biggest demat account or stock brokers. 

Use this link to open Demat Account now - 

For Upstox -

Opening an account is FREE, fast and paperless! Sign up now with my link to open your account: https://link.upstox.com/y6Nq

For Zerodha -

Invest and trade with Kite by Zerodha, India’s largest retail stockbroker. Open an account now. https://zerodha.com/open-account?c=HO9724

Step - 2 - Use ASBA Facility - Use the app or online portal to apply for LIC IPO. You can also try another way of buying IPO - For now you can use your bank account's ASBA facility to buy IPO but after allotment you must have demat account to hold the share allotted to you. ASBA is the mechanism through which investors apply for shares in a public issue.

When will LIC IPO open?
LIC IPO opens on May 4, 2022 and closes on May 9, 2022.

Subscription Status of LIC IPO -

Update as of 1:00 PM on Day 5(May 8, 2022)

Qualified Institutional Buyers (QIBs) subscribed 0.67 times
Non Institutional Investors subscribed 1.19 times
Retail Individual Investors (RIIs) subscribed 1.51 times
Employees subscribed 3.65 times
Policyholders subscribed 4.82 times
Total subscribed 1.72 times

LIC Contact Information
Life Insurance Corporation of India (LIC)
Yogakshema, Jeevan Bima Marg
Nariman Point, Mumbai 400 021,
Phone: +91 22 6659 8732
Email: Investors@licindia.com
Website: http://www.licindia.in/

LIC IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: lic.ipo@kfintech.com
Website: https://karisma.kfintech.com/