Life Insurance coverage Company IPO (LIC IPO) is more likely to hit the capital market in March, the official date is but to be introduced. LIC has reserved 10% of the entire shares on provide for the policyholders, and 5% for the staff. LIC has additionally reserved 35% shares for retail traders.
Traders who wish to use Zerodha Kite, Console platform to bid for LIC IPO can observe this information:
LIC IPO on Zerodha Kite or Console:
1) Login on Zerodha Kite utilizing your password and six-digit PIN.
2) On the underside proper, click on in your profile.
3) Click on on the ‘IPO’, choose the browser you need for the following window.
4) Zerodha Console ‘IPO Window’ will open, you may see a listing of ongoing and closed IPOs.
5) You possibly can bid for LIC IPO when the LIC IPO bid date is introduced.
6) For step-by-step information on what to do after that, learn the desktop model under.
LIC IPO on Zerodha Console desktop:
1) Login to Console and choose ‘IPO’ within the ‘Portfolio’ menu.
2) Choose the IPO you wish to apply for from the listing of open points.
3) After you choose an IPO to use for, you’ll see all the small print of the provide, like open date, shut date, difficulty measurement, lot measurement, and Draft Purple Herring Prospectus (DRHP).
4) Enter your UPI ID and click on on ‘confirm’.
5) Place your bid. Choose the investor sort to your utility. If you’re a policyholder you may choose ‘Policyholder’ from the drop-down menu. Retail traders ought to select ‘Particular person Investor’. Should you want to apply on the cut-off value, merely click on on the checkbox subsequent to ‘Cutoff-price’. If you wish to place a bid at a distinct value, you are able to do so by coming into a value within the ‘Value’ subject.
6) When you’ve accomplished all these steps, click on on the checkbox to verify click on on submit.
7) When you click on on submit, you’ll obtain a mandate request in your UPI app. Settle for the mandate and also you’re executed.
Supply: Live Mint