LIC IPO: After submitting of Draft Pink Herring Prospectus (DRHP) by Life Insurance coverage Company (LIC) of India, market is eagerly ready for SEBI’s approval to LIC IPO (preliminary public choices). The general public challenge will reserve 35 per cent of its provide for retail buyers, 10 per cent for policyholders whereas 5 per cent can be reserved for LIC staff. So, aside from retail buyers, life insurance coverage policyholders and LIC staff are additionally ready for LIC IPO subscription opening. Nonetheless, earlier than opening of LIC IPO subscription, there are some necessary info in regard to the a lot awaited public challenge that retail buyers, policyholders and LIC staff ought to know.
Right here we listing out 10 necessary LIC IPO particulars that policyholders, staff and retail buyers ought to know:
1] LIC policyholder can declare 10 per cent quota reserved for them solely when their LIC coverage and PAN is linked. they’ll test their PAN and LIC coverage linking standing on-line by logging in at direct LIC hyperlink — linkpan.licindia.in/UIDSeedingWebApp/getPolicyPANStatus.
In case, their LIC coverage just isn’t linked with PAN, they want to do that earlier than twenty eighth February 2022. They will do that on-line by logging in at direct LIC hyperlink — linkpan.licindia.in/UIDSeedingWebApp.
2] Solely these policyholders will be capable of apply underneath policyholders’ quota whose LIC insurance policies have been purchased on or earlier than thirteenth February 2022.
3] 35 per cent of the LIC preliminary provide has bee reserved for retail buyers, which implies those that neither an worker of the LIC nor they’re LIC policyholders, they’ll apply underneath this class.
4] Each LIC policyholders and LIC staff are eligible to use underneath retail class.
5] A retail investor can make investments most ₹2 lakh on this LIC IPO.
6] LIC policyholder can make investments most ₹2 lakh in LIC IPO and an LIC worker also can make investments most ₹2 lakh on this IPO.
7] Most funding for a LIC policyholder who just isn’t employed at LIC is ₹4 lakh ( ₹2 lakh underneath policyholder class, ₹2 lakh underneath retail class).
8] Most funding attainable for a LIC worker on this LIC IPO is ₹6 lakh, supplied it has LIC coverage as effectively ( ₹2 lakh underneath LIC worker class, ₹2 lakh underneath policyholder class, ₹2 lakh underneath retail class).
9] In case of joint Demat Account, a LIC policyholder will be capable of declare quota profit solely when it’s major Demat Account holder. So, policyholders are steered to use underneath reserved quota solely when they’re major Demat Account holder in any other case their software will get rejected.
10] In case of joint policyholders, each can apply underneath policyholders’ class supplied each of them have separate Demat Account.
Supply: Live Mint