Indian Central Government has announced its disinvestment in country’s largest Life Insurance Company, Life Insurance Corporation of India, in order to fulfill the GDP Deficit gap through LIC IPO 2022. If you are planning to invest in LIC IPO or want to know about LIC IPO details and LIC IPO launch Date then this article will help you understand how you can invest in LIC IPO 2022.
LIC IPO Details: LIC IPO Investor’s Categories.
As usual every IPO has 4 type of categories.
- (1) Retail Investor
- (2) High Net worth Investor
- (3) Employee Quota
- (4) Existing Investor Quota
LIC IPO Policyholders Category
Life Insurance Corporation of India will be announcing its upcoming LIC IPO in order to raise the fund and Government of India may sell its some % of stake to private sector. In view of the same, LIC IPO will have LIC policyholder category wherein LIC policyholders will invest at discounted price and it is assumed that policyholders will have more advantages than the retail investor category Investors. Your all LIC policies need to be linked with your PANCARD in order to apply in LIC IPO Policyholders quota. Let us know how to link PANCARD with LIC Policy.
LIC IPO Employee Quota.
Life Insurance Corporation of India will reserve its employee quota maximum 5% of the total stake for the permanent employee of the country’s largest life insurer or its subsidiaries. Temporary or contractual employees can invest in retail category as they are not eligible under employee quota reservation of LIC ‘s upcoming mega IPO. Permanent Employee of the LIC can even invest in retail, Policyholder category apart from employee quotta.
Since Life Insurance Corporation of India owns countless Branch and Office network pan India, we can assume that LIC IPO may be subscribed in policyholder category in large numbers.
Tentative LIC IPO Date?
Life Insurance Corporation of India may commence its Initial Public offering in 11th March, 2022 tentatively. LIC IPO Launch date could be changed due to ongoing Russia Ukraine conflict. However, Government is also planning to disinvest its stake in LIC by this financial year. Obviously, LIC IPO will definitely get finished by the March 2022.
Steps to complete before investing in LIC IPO.
If you are eagerly waiting to invest in LIC IPO, We recommend that you first complete few pre-formalities so that you can subscribe LIC IPO easily without any Hussle.
Open your Demat Account
If you are newbie in stock market or yet to start investing in stock market, then you must hold a Demat Account in order to subscribe for any IPO or sell or buy any stock. If you have not opened Demat Account yet, you can open Demat Account with Sharekhan, Upstox, Motila Oswal or any security.
LIC IPO Pan Update Link.
Most importantly, If you are LIC Policyholder, you must link your PANCARD with your each policy online to apply under policy holder quota which you can do online visiting official website of Life Insurance corporation of India. You can even update your PANCARD in case of wrongly fed.
When was LIC IPO announced?
The Finance Minister has announced disinvestment in Country’s Largest Life Insurer through Initial Public Offering so called LIC IPO in the recent budget speech to cater the need of GDP deficit gap.
What is the LIC IPO launch date?
From various sources , it is assumed that LIC IPO might be open on 11th March 2022.
What are the pre-requisite things to invest in LIC IPO?
Before you invest in LIC IPO, I recommend that you first update or link your PANCARD with each LIC policy document to take benefit of policy holder quota investment.
Secondly, you must have a Demat Account to subscribe for any IPO therefore you should open your Demat Account if you have not ever had the same. You can also reactivate your existing Dormant Demat Account alternatively.
In conclusion:
LIC IPO is considered the most awaited IPO since every investor has been eagerly waiting ever since Finance Minister had announced its disinvestment in LIC through LIC IPO. From Retail Investor to Employee of LIC are likely to be benefited through mega LIC IPO, Investors are now eyeing on LIC IPO launch date as this is being the last IPO of the financial year. Make no mistake and open your Demat Account and update your PANCARD with your live LIC Policies.
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