LIC IPO Announcement
Finance Minister Nirmala Sitharaman today (1st Feb, 2020) said that government plans to sell partial stake in LIC through IPO or initial public offer. More Details will be updated as soon as available.
LIC IPO 2020
Life Insurance Corporation of India (LIC) is an Indian state-owned insurance group and investment corporation owned by the Government of India.
The Life Insurance Corporation of India was founded in 1956 when the Parliament of India passed the Life Insurance of India Act that nationalised the insurance industry in India. Over 245 insurance companies and provident societies were merged to create the state-owned Life Insurance Corporation of India.
As of 2019, Life Insurance Corporation of India had total life fund of ₹28.3 trillion.The total value of sold policies in the year 2018-19 is ₹21.4 million. Life Insurance Corporation of India settled 26 million claims in 2018-19. It has 290 million policy holders.
LIC IPO Details
| Issue Open | |
| Issue Type | Book Built Issue IPO |
| Issue Size | |
| Fresh Issue | [.] |
| Offer for Sale | [.] |
| Face Value | [.] |
| Issue Price | [.] to [.] Per Equity Share |
| Market Lot | |
| Min Order Quantity | |
| Listing At | BSE, NSE |
How to apply for an IPO through the Zerodha Console?
Here are the steps to apply under shareholder category through Zerodha Console:
- Login to Zerodha Console
- Click on Portfolio tab
- Choose ‘IPO’ from the drop-down list
- Select the IPO you want to invest
- Enter your UPI ID and verify the details
- Put Bid and Price in the box
- Tick on the checkbox
- Click on Submit button.
When LIC IPO will open?
The LIC IPO dates are not announced. Please check back again after some time.
How to apply for LIC IPO?
LIC IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.
LIC IPO Allotment Status
The finalization of Basis of Allotment for LIC IPO will be done on [-], and the allotted shares will be credited to your demat account by [-]. Check the LIC IPO allotment status.
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