As it’s the final day for the bidding, you’ll be able to bid for the shares immediately as properly. The LIC IPO will probably be the most important one in Indian historical past and it’ll hit the bourses on May 17. It will get listed on the inventory exchanges equivalent to BSE and NSE.
The state-owned insurance coverage behemoth has subscribed 1.79 instances until May 8. Shares of the corporate had been priced at Rs. 36 within the gray market, which was Rs. 85 earlier. The policyholders can get a reduction of Rs. 60 per fairness share. As per the market watchers, the LIC IPO GMP (gray market premium) was Rs. 36, which suggests gray market is anticipating the itemizing round Rs. 985 ranges (Rs. 949 + Rs. 36).
How To Apply For LIC IPO Online
You can apply for the LIC IPO on-line through a number of apps and choices. Check out the steps detailed under to subscribe to it through your Demat account.
Step 1: Login to the Demat account.
Step 2: Head on to the IPO part from the menu choice.
Step 3: Choose the ‘LIC IPO’ tab and click on on the class ‘Policyholders’.
Step 4: Fill within the particulars, place a bid on the shares and hit Submit.
Step 5: Accept the mandate from the collaborating financial institution.
Step 6: Choose ‘Apply Now’ from the choices within the menu.
Step 7: Complete the fee choice utilizing any fee technique equivalent to UPI to purchase the LIC IPO shares.
Step 8: Your quantity might be locked until the allotment is introduced.
That’s it! You want to attend for the allotment date, which is slated for May 12, 2022 and the itemizing might be introduced on May 17. You can even do the identical through Paytm, Upstox and different companies.