HomeNewsBusinessIPOLIC IPO: How to apply online on Zerodha, Paytm, Upstox, Groww

LIC IPO: How to apply online on Zerodha, Paytm, Upstox, Groww

Investors can bid for a minimum lot size of 15 shares and in multiples thereof. A retail investor can apply for up to 14 lots or 210 shares for an amount of Rs 1,99,290 at the upper price band.

May 04, 2022 / 12:47 IST
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The initial share sale of Life Insurance Corporation of India (LIC) - biggest IPO in the history of Indian markets - opened for subscription on May 4. Investors can buy into the public issue also through various online merchants.

The country’s largest life insurer will sell shares worth Rs 20,557 crore in a price range of Rs 902-949. Existing policyholders will receive a discount of Rs 60 per share; retail investors and employees will get a discount of Rs 45 per share. To secure the allotment of shares, investors should apply for the stock at the higher price band.

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Also Read: LIC IPO Live Updates

Investors can bid for a minimum lot size of 15 shares and in multiples thereof. A retail investor can apply for up to 14 lots or 210 shares for an amount of Rs 1,99,290 at the upper price band.