LIC IPO
In India, LIC has 29 crore policyholders. Investors throughout the country are waiting for the most significant public offering, the LIC IPO, to hit the stock market soon. LIC will be giving a 10 percent Quota which is likely to be approved for policyholders, and a 5 percent discount will get delivered to the issue prices expected in a LIC IPO. LIC has already submitted the Draft Red Herring Prospectus (DRHP) for the LIC IPO with SEBI, detailing the offer’s contents. In the most likely scenario, the company will finish the listing and IPO process by 31st March 2022.
Here’s all you need to know about the highly anticipated IPO. IIFL can provide you with information on one of India’s most anticipated initial public offerings (IPOs) in history.
When is the LIC IPO Date for 2022
As of now, the LIC IPO date is expected to come in mid-March. But still, it is likely that it will start from March 10 and will wind up at the end of March.
- LIC IPO Bid Start date – 10th March 2022
- LIC IPO last date to bid – 14th March 2022
- LIC IPO Allotment date – 25th March 2022
- LIC IPO Listing date – 27th March 2022
- LIC IPO Share Price – Rs 10.
So those who are interested in checking out the LIC IPO Dates should stay tuned to get to know more about it. In addition, you can visit the IIFL website to learn more details about LIC IPO’s policy details and what should get done before you invest in this IPO.
LIC IPO 2022 Benefits for Policyholders
It is excellent news for Policyholders who have an active LIC policy. Those people can bid on IPO with a 10% discount over the actual price. It is especially great news for investors who already own a policy. So this will be an excellent opportunity to avail a value with such a good investment as the company will now be opening to the public by offering IPO, so you should benefit when the bidding goes live. The employees of LIC are also getting a portion of this. If they have a LIC policy, they can also get the same discount.
Update Your PAN Card Before LIC IPO Date for 2022
As we all know that LIC will be dropping its IPO, many are eagerly waiting for the IPO to hit the market. The LIC IPO date is expected to be near the 2nd week of March. First, however, there are a few things policyholders should check.
- The policyholder’s PAN card must get updated on the LIC portal.
- In addition, the policyholder must have a Demat account.
In this new regulation, it is said that the policyholder must update their PAN card details before 28th February is not able to participate in this IPO. The company has given policyholders a portion of the shares where they can invest. Those who can still not update their PAN details before the LIC IPO date from their company portal will not be called suitable policyholders.
