LIC IPO subscription open today: Apply online via Upstox, Paytm, Groww- Check steps
LIC IPO subscription open today: Bidders and investors can apply for the biggest ever public offering that is the initial public offering (IPO) of Life Insurance Corporation (LIC) on Saturday and Sunday. Yes, LIC IPO is open for subscription this weekend and you can apply for the same online by following a few simple steps. The bidding process for the ₹21,000-crore issue opened on May 4 and will conclude on May 9, 2022. Investors who are willing to apply for the LIC IPO can do so online via Upstox, Groww and Paytm. But before that it can be known that today is the 4th day of the bidding process and according to the information provided by ipowatch.in2, LIC IPO GMP was at Rs. 50 on Friday, against Rs. 65 on Thursday.
On Day 3: On the third day of the bidding process, the shares of the ₹21,000-crore issue were subscribed 1.38 times. The portion reserved for Qualified Institutions (QIB) was subscribed 0.56 times, Non-institutional Buyers 0.76 times, and Retail Investors 1.23 times.
On Day 2: The issue was subscribed 1.03 times on day 2. The portion reserved for Qualified Institutions (QIB) was subscribed 0.40 times, Non-institutional Buyers 0.47 times, and Retail Investors 0.93 times.
On Day 1: The shares of the LIC IPO were subscribed 0.67 times on day 1. The portion reserved for Qualified Institutions (QIB) was subscribed 0.33 times, Non-institutional Buyers 0.27 times, and Retail Investors 0.60 times.
How to apply for LIC IPO online:
1. Login to the application and click on the IPO tab.
2. Select LIC IPO and click on Apply. You will then have to place your bid and mention the lots.
3. Choose cut-off price and then select investor type.
4. Enter your UPI ID and accept the mandate.
1. Within the ‘My Paytm’ section of the Paytm app,
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