The long-awaited initial public offering (IPO) of the Life Insurance Corporation (LIC) will come out next month, which at Rs 21,000 crore is set to become India’s largest issuance.
The IPO will open on May 2 for major investors and from May 4 to May 9 for retail investors, according to sources.
Let’s find out how one can apply for a LIC IPO.
Investors need to log in to online banking.
Once done, they need to go to the “investment” section and click on the IPO/e-IPO option.
After this, they need to fill in the depository details and bank account details.
After that the verification process will be completed.
After the verification process, investors need to go to the “Investing in an IPO” section.
They need to choose the public offer they want to apply for.
Investors then need to enter the number of shares and the “offer price”.
They should have to research the terms and conditions carefully before making an offer.
Investors can then confirm and place their order by clicking on “Apply Now”.
Share Allocation Status Check
After subscribing for shares, investors need to check whether the shares have been allotted to them or not.
For this, applicants need to visit: https://www.bseindia.com/investors/appli_check.aspx