Do you Have a LIC Policy? LIC IPO Policyholders of LICs Should Know These 5 Things Before Investing

LIC IPO: Today is the opening day for subscriptions to the massive initial public offering (IPO) of the Indian Life Insurance Corporation. As of Day 2, the LIC IPO has already received 1.03 subscriptions, with 3.11 subscriptions for the share reserved for LIC policyholders. While individual investors purchased 93% of their permitted quota, employees subscribed 2.21 times more than that. On the other hand, NII bid for 47% of the stake allotted to them, and QIBs bid for 40% of it. The government intends to raise Rs 21,000 crore through the LIC IPO to reach its disinvestment goals.

The LIC IPO's popularity among LIC policyholders may be due to the enticing discounts offered to them. If you are a LIC policyholder who wants to subscribe to the LIC IPO, here is all you need to know:

LIC IPO for Policyholders — Who Can Buy?

The LIC has outlined specific requirements in its Draft Red Herring Prospectus (DHRP), with the help of which policyholders would be able to utilize their quota and purchase shares of the LIC IPO at a discount of Rs 60. To apply for the IPO, all policyholders must first open a Demat account. Second, according to the company's regulatory filing, the policyholder quota for the LIC IPO will be open to LIC policyholders whose PAN is linked to the insurance policy as of February 28, 2022.

In addition, under the Policyholder Reservation, all policies that have not yet been deleted from the LIC's database owing to maturity, surrender, or the death of the policyholder are eligible.

LIC IPO: Documents Required

A LIC insurance that has been linked to the PAN connected to your Demat account is required. You require identification, proof of age, PAN information, photos, and other documents to open a Demat account.

LIC IPO Price, Size

The range for the LIC IPO's price per equity share is Rs 902 to Rs 949. In contrast, employees and retail personnel would receive a discount of Rs 45 per share on the LIC IPO, while policyholders will receive a discount of Rs 60 per share.

With this offering, the government hopes to raise Rs 21,000 crore. In the LIC IPO, anchor investors have already invested Rs 5,000 crore.


Market watchers reported that shares of LIC are currently available on the black market at a premium of Rs 65. The LIC IPO GMP is currently at Rs 65, the same as yesterday. However, because of sour market conditions, the LIC IPO GMP has dropped from Rs 90 to Rs 65 during the past few days.

LIC IPO for Policyholders

To subscribe to the LIC IPO, LIC policyholders can use a variety of brokerage applications, including Groww, Upstox, and Zerodha, or they can use the platform of another depository participant (DP).

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