LIC IPO Opens Today; Here’s How To Buy India’s Biggest Public Offering Shares 

Life Insurance Corporation of India (LIC), India’s largest life insurer, is launching its initial public offering (IPO) on May 4, Wednesday, causing the Dalal Street to boom. Today is the first day of the LIC IPO, which means subscribers and investors who wish to participate in India’s largest public offering will no longer have to wait.   

The offer for sale (OFS) share price for the LIC IPO has been set at Rs 902 to Rs 949 per share, including concessions for policyholders, workers, and retail investors. The LIC IPO will be up for a subscription from May 4 to May 9, when interested investors can place bids.  

If policyholders, retail investors, and workers participate in the LIC IPO, they will receive a discount of Rs 45 for retail investors and employees and Rs 60 for policyholders, according to the firm. Retail investors and workers would pay Rs 904 ineffective price, while LIC policyholders will pay Rs 889 ineffective price if they invest in the LIC IPO.  

How do I apply for the LIC Initial Public Offering (IPO)?  

The LIC IPO, which is valued at Rs 21,000 crore, is likely to attract some first-time investors. If you are one of these people, you must create a Demat account, which is utilized for trading. Demat accounts may be opened using depository platforms such as Groww, Upstox, and Zerodha and online banking systems such as SBI, ICICI, and SBI. Complete the e-KYC process and proceed to the next steps:  

1. Visit your profile on the depository participant’s platform after creating a Demat account. While the navigation method may change between platforms, you should check the IPO section of your site.  

2. Now, pick the LIC IPO tab from the drop-down menu and search for the appropriate category. If you’re a retail or policyholder investor, select that choice to receive the appropriate savings. Enter your depository information, select a bidding number, and click the submit or apply button.  

3. Following that, the participating bank will issue you a mandate. Once you accept this mandate, your application procedure will be completed.  

4. Click the ‘apply now’ or submit button when you’re finished. Then, to finish the payment option, acquire LIC IPO shares at reduced rates using UPI.