How to apply for LIC IPO online through Paytm via UPI
India’s biggest insurance company, LIC will begin its initial public offering (IPO) tomorrow on May 4. It will be the biggest IPO that the country has ever seen in terms of valuation. The government is aiming to raise Rs. 20,557 crore through the issuance by just giving up a 3.5 percent stake. The anchor investing option has already been opened on May 2 due to high demand. The LIC IPO price band is fixed between Rs. 902 and Rs. 949 per equity share. Here’s all you need to about how to apply for LIC IPO online via UPI:
The LIC IPO will be opened for bidding on Wednesday, May 4 and will continue till May 9. However, the company has already opened its IPO for anchor investors on May 2 and it gets oversubscribed with bids of over 7000 crores.
One can apply for an IPO in the offline method as well as online. Here’s how you can apply for LIC IPO online. But before you proceed, do note that a Demat account is a must to invest in an IPO.
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