LIC IPO Update: LIC IPO is also a good investment opportunity for LIC policy holders. 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: Retail investors are eagerly waiting for LIC’s IPO Update. For this, documents have also been submitted across the market regulator SEBI. If you are also waiting for LIC’s IPO, then it is going to end soon. The country’s largest IPO is expected to open on March 10. If you are also planning to invest in it, then know that this can prove to be a good opportunity for you because in this IPO 10 percent of its share will be reserved for LIC policy holders. 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. Its last date is 28 February.
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.
