First know the price band of LIC
LIC has released the price band of its share. According to LIC, it will issue to its investors at a price ranging from Rs 902 per share to Rs 949 per share. This price band means that when everyone invests in the IPO, then according to the rules of SEBI, the share rate in the IPO will be decided according to this price. Suppose if an investor applied at Rs 902 per share and later the share rate was fixed above that, then shares will not be allotted to such people. That’s why small investors should apply at the highest rate in the price band. The advantage of this is that if the company later fixes the share rate in its IPO, then the shares will be allotted to the public at the same rate, and the remaining amount will be returned. Keep in mind that LIC is going to raise Rs 21000 crore through its IPO. This is the biggest IPO ever in the country. Earlier Paytm’s IPO was the biggest.
Now know which investors will get how much discount
LIC has offered huge discounts to two types of investors in its IPO. LIC is giving a discount of Rs 45 per share to the written investors. That is, if whatever rate is fixed after the IPO, retail investors will get Rs 45 cheaper than that. Apart from this, LIC has announced relaxation in one more category. This discount will be available to those people who have taken an insurance policy from LIC. Such investors will get a discount of Rs 60 per share on the rate fixed in the IPO. Let us know how LIC’s insurance can take this discount.
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Know which LIC policy holder will get this discount
In LIC IPO, 2,21,37,492 shares have been reserved for policyholders. Those who apply from this quota will be allotted maximum number of shares. At the same time, those who want to take shares on the basis of LIC’s insurance policy, they will be allowed to invest up to a maximum of Rs 2 lakh. However, minimum investment of 1 lot will be required. If you have any one LIC insurance policy then you can apply in this quota. However, the person in whose name the policy will be named, will get the shares on the application. This exemption will not be available on an insurance policy in someone else’s name.
Know another important information
In LIC’s IPO, the benefit of LIC insurance will be available only when people have updated their PAN details in their LIC insurance. Also your insurance should be fully operational as per the rules. On the other hand, in LIC’s IPO, only those who have a demat account will get the exemption to apply.
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Know how much minimum shares will have to be applied in LIC’s IPO
In LIC IPO, investors have to apply in multiples of minimum 15 shares. That is, payment will have to be made according to the minimum 15 shares with the application. While there is no maximum share limit, just keep in mind that the maximum number of shares should be in multiples of 15 shares.