Highlights

  • LIC policyholders will be allotted shares from their 10% quota
  • Applies only when their LIC policy and PAN are linked

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LIC IPO | How policyholders can apply for discount

LIC IPO: According to the LIC DRHP filed with Sebi, up to 10 per cent will be reserved for eligible LIC policyholders under the policyholder reservation portion. 

LIC IPO will be open for subscription from May 4-9 and there is a special bonanza for policy holders, a Rs 60 discount when applying for India's largest Initial public offering(IPO).

Editorji explains how policyholders can apply for discount:

• Eligibility: Life Insurance Corporation(LIC) policyholders whose PAN is linked to the insurance policy as of February 28, 2022, will be eligible to apply for the LIC IPO and avail the discount

Also read/watch| LIC IPO: Anchor book fully subscribed, see who all invested

• Demat and PAN: It is essential for the policy holder to have a demat account and the PAN linked with the demat account is the same as in the policy.

• Choose Option: When applying for the IPO from any platform policyholders must use the drop down to choose policyholder category before placing the bid.

Retail investors can bid for upto 14 lots in the LIC IPO, each lot is 15 shares so total investment is maximum Rs 2 lakh.

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