LIC IPO: Let us tell you that LIC’s IPO is special in many ways. There is also a good investment opportunity for LIC policy holders in this IPO. 10 percent of this IPO will be reserved for them. To buy LIC’s IPO, you must have some important documents, otherwise you will not be able to buy its shares.
New Delhi: LIC IPO: In the stock market these days IPO has taken hold. One after the other, big companies have launched their IPO. Now in this sequence, retail investors are eagerly waiting for LIC’s IPO. For this, documents have also been submitted across the market regulator SEBI. On Sunday 13 February, the government has filed DRHP for the issue with SEBI. The report quoted merchant banking sources as saying that the government is hoping to raise Rs 63,000 crore (about $8 billion) from the IPO. LIC policy holders can also invest in this IPO as 10 percent of it will be reserved for them. That is, the chances of getting shares in the policyholders will increase. Apart from this, they can also get discount.
Prepare before investing in IPO
If you also want to invest in LIC IPO, then keep some documents ready for that first. To invest in LIC IPO, first you need to have a PAN and Demat account linked to your LIC policy account. That is, it is necessary for you to settle both of these tasks as soon as possible.
Update PAN details in 10 steps
- For this, first go to the official website of LIC.
- Now on the homepage select the option ‘Online PAN Registration’.
- Now click on ‘Proceed’ on the registration page.
- On the new page, fill PAN, email, mobile number and policy number correctly.
- After this, enter the captcha code correctly.
- Now click on OTP request.
- An OTP will come on your registered mobile number.
- Now enter OTP and submit.
- After this you will get the message of successful registration.
- Once again check the status by date of birth, policy-PAN number.
Policy holders-employees’ share reserve
After a long wait, the IPO has made it clear that the share is reserved for LIC policy holders and employees of the company. LIC issue to both will be given at a discount. According to the report, according to the draft document submitted to SEBI, 10 per cent of the issue has been reserved for policy holders. That is, even if your LIC policy has lapsed, you can still bid in the reserve quota. Apart from this, 5 percent share will be reserved for LIC employees.
Country’s largest insurance company
Significantly, the market of LIC is very strong. Its market share is 64.1 percent. According to a report by Crisil, it is the largest life insurance company in the country. Its return on equity is also the highest at 82 per cent. According to this report, it is the third largest insurance company in the world in terms of life insurance premiums. It is the world’s largest insurance company with 64 percent market share.
