LIC IPO

LIC has applied for its much-awaited IPO with the markets regulator and is planning to sell 5% of its stake via an offer for sale (OFS), the biggest initial public offering in India, to raise up to Rs. 65,000 crores, making the insurer the biggest listed financial service provider ahead of HDFC Bank.

According to the IPO documents filed with the regulator, LIC may be valued in the excess of Rs. 12.5 lakh crores, making it more valuable compared to all other listed government-owned companies. The government is planning to sell 31.6 crore shares as per the documents.

On completion of the LIC India IPO, it would surpass the previously set record by Paytm’s owner, One97Communications, that raised Rs. 18,300 crores last November, valuing it at Rs. 1.5 lakh crores. 

Also read: Are you a LIC Policyholder and Wants to Invest in LIC IPO get all details here.

• According to the draft papers, up to 10% of the IPO of LIC will be reserved for LIC policyholders. 
• Policyholders with one or more LIC life insurance policies would be able to apply under the reserved portion.
• According to the LIC IPO latest news, under LIC IPO policyholders’ quota, one can bid up to Rs. 2 lakhs. 
• LIC policyholders need only 2 things to apply for LIC IPO, i.e. linking PAN details with insurance and a demat account.
• LIC IPO expected price is affordable and is in the range of Rs. 1,500 to Rs. 3,200.

Here is how you as LIC policyholder can link PAN with your LIC policy:  
 

• Go to the official website of LIC, i.e. https://licindia.in/ or click the link https://linkpan.licindia.in/UIDSeedingWebApp/ directly.
• From the home page, select the ‘Online PAN Registration’ option and then click on ‘Proceed’.
• Now provide your details like PAN number, LIC policy number, registered mobile number and email address correctly. 
• Enter the Captcha code in the designated box.
• Request for an OTP from your registered mobile number and enter it into the portal before submitting it.  
   

You can apply for the LIC IPO through any supported UPI app. Follow the steps mentioned below to apply:

• Enter your bid on Console.
• Accept the UPI mandate on your phone.
• After accepting the mandate, the bid amount will be blocked in your bank account. 

Investing in the IPO of LIC has several benefits as mentioned below:

• LIC has a huge agent network, a lineage of 65 years, and a strong track record.
• LIC is a trusted brand and the fifth largest life insurer globally as per GWP.
• LIC has a cross-cyclical product mix catering to the diverse needs of customers.
• There is no lock-in period for LIC IPO and the policyholders can sell their equity shares immediately on the equity shares listing if they want.
• The government, which owns 100% of LIC, is planning to give a discount to the policyholders in the IPO.
• All policies that have not exited the records of LIC through maturity, surrender or the demise of the policyholder, are eligible for the offer.