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New Delhi:

The country's largest insurance company Life Insurance Corporation of India is coming with its initial public offering next week.

The country's biggest IPO is being released on May 4.

Its listing will be on May 17, 2022.

This IPO of 21,000 crores will be the country's largest initial public offering.

The special thing is that this is happening for the first time, when a company is keeping a separate quota of shares for its customers in its IPO.

LIC has also set aside a part of the shares for its policyholders.  

How much will the price be, how much discount are policyholders getting

Its price band will be between Rs 902-949.

The government is selling its 3.5 per cent stake or 22.13 crore shares in LIC.

With this the government will collect Rs 20,557.23 crore.

Under the IPO, 15,81,249 shares are reserved for employees and 2,21,37,492 shares are reserved for policyholders.

60 per share will be given to LIC policyholders and Rs 45 per share for retail investors and LIC employees. 

As a policyholder, you can invest up to a maximum of Rs 2 lakh in an IPO. 

who can apply

Even if you have only one LIC policy, you will still be considered eligible to invest in this IPO.

Under this, only investors having Indian citizenship can apply.

If you have a joint policy, then only one of the two holders will be able to buy the shares. 

On the other hand, if suppose you are an Immediate Pension policyholder getting regular pension, then you can also apply in it, but if your spouse was an Immediate Pension policyholder and after his death you are getting the benefits of the policy, then you can apply in this situation. I cannot apply.

Also read: LIC's IPO is coming next month, know how to apply

Who can't apply

If someone has made you a nominee in your LIC policy, that is, you are a nominee, not a direct beneficiary, then you cannot invest in this IPO.

At the same time, after the death of a policyholder, the beneficiary of his death claim is also not eligible to invest in IPO.

Even people with group policy cannot subscribe to this quota.

what will be needed


To invest in LIC IPO, policyholders should have two things ready.

First- Your PAN card details should be updated in the policy record.

Second, you should have a demat account.

It is necessary to have a demat account.

Even if you have a joint demat account, not in your own name, then you will be considered eligible only if you are the primary holder of that account.