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How to apply for LIC IPO online? March 02 2022LIC IPO Updates

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Apply for LIC IPO

The Life Insurance Corporation of India (LIC) is expected to launch its much-awaited Initial Public Offering (IPO) in the second week of March 2022. In the Indian insurance sector, LIC is a household name with a strong market share (over 60% in terms of premium). A significant percentage of a family's savings is invested in LIC's various insurance policies.

LIC's assets under management currently reach around US$ 463 billion, which is three times the size of commercial life insurers and more than the whole Indian mutual fund industry.

LIC is owned entirely by the Indian government. The government intends to sell 5% of its shareholding in the company, which consists of 316 million shares, through an Offer for Sale as part of its strategic disinvestment.


Apply LIC IPO Online

You can now invest in LIC IPO by opening a demat account with Indira Securities. Here’s a step by step guide for the same.

·         Open an account with us through Indira Mobile Trading application or visit www.indiratrade.com

·         Click on to the LIC IPO pop-up button on the right

·         Enter your name and mobile number and click on to “Apply now”

·         You’re all set to invest in Latest IPO’s.

·         You’ll get all the latest IPO’s where you can apply for it.

·         Fill in the number of lots and the price you'd like to apply for.

·         Check the details and confirm your payment

·         You can also check your application status on www.indiratrade.com

About LIC

In 1956, LIC was formed by the merger of 245 private insurers and private fund societies. In the insurance sector, FDI was allowed at a rate of 26 percent in 2000, but this has now been boosted to 74 percent. Until the 1990s, the company had a monopoly in the insurance industry, after which many private players emerged. LIC still has a market share of over 74.58 percent as of March 31, 2021, despite the fact that there are 23 private insurers in the market.

According to their most recent report, LIC has 2,048 branches across India, with 8 zonal offices in Delhi, Chennai, Mumbai, Kolkata, Kanpur, Patna, Bhopal, and Hyderabad. In addition, there are 113 Divisional offices, 1,178 Mini offices, and 1,526 Satellite offices.

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Prevent Unauthorized Transactions in your demat and trading account --> Update your Mobile Number/Email id with your Depository Participant and Stock Broker. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat/trading account directly from CDSL and Stock Exchanges on the same day.........issued in the interest of investors...

1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.

2. Update your Mobile Number & Email Id with your Stock Broker/ Depository Participant and receive OTP directly from Depository on your Email Id and/ or Mobile Number to create pledge.

3. Pay 20% upfront margin of the transaction value to trade in cash market segment.

4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued by NSE vide. Circular No. NSE/INSP/45191 dated: July 31, 2020 and NSE/INSP/45534 and BSE vide Notice No. 20200731-7, dated: July 31, 2020 and 20200831- 45 dated: August 31, 2020 and dated: August 31, 2020 and other guidelines issued from time to time in this regard.

5. Check your Securities/ MF/ Bonds in the Consolidated Account Statement issued by NSDL/ CDSL every month.

"As per the directives of CDSL and esteemed Exchanges, it has been made mandatory for every client to furnish their latest KYC details viz. Valid Mobile No., Email- Id & Income range on or before 31.05.2021 else your Account will be marked as Non Compliant and will be Freezed till the compliance of such requirement."
"No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."
Dear Investor if you wish to revoke your un-executed eDis mandate, please mail us with ISIN and quantity on dp@indiratrade.com by today EOD."
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INDIRA SECURITIES PVT.LTD. (SEBI REG.NO.):NSE TMID: 12866, BSE TMID: 663, CDSL DPID: 17000 SEBI REG. NO.: INZ000188930, MCX TM ID: 56470, NCDEX TM ID: 01277, CDSL REG. NO.: IN-DP-90-2015, CIN : U67120MH1996PTC160201

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"INVESTMENT IN SECURITIES MARKET ARE SUBJECT TO MARKET RISKS, READ ALL THE RELATED DOCUMENTS CAREFULLY BEFORE INVESTING."

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