{"id":3411,"date":"2022-05-03T12:52:24","date_gmt":"2022-05-03T12:52:24","guid":{"rendered":"https:\/\/www.paytmmoney.com\/blog\/?p=3411"},"modified":"2022-05-04T11:50:24","modified_gmt":"2022-05-04T11:50:24","slug":"how-to-apply-for-lic-ipo-via-multiple-categories","status":"publish","type":"post","link":"https:\/\/www.paytmmoney.com\/blog\/how-to-apply-for-lic-ipo-via-multiple-categories\/","title":{"rendered":"How to apply for LIC IPO via multiple categories"},"content":{"rendered":"

The much-awaited LIC IPO will be live from May 4th-9th. The IPO is the talk of the town, since it is the biggest public offering ever in the history of the Indian stock market.\u00a0<\/span><\/p>\n

You can apply through more than one category to maximize your allotment chances, based on your eligibility.\u00a0<\/span><\/p>\n

We\u2019ve broken down the various investor categories and the details of the IPO. We have also explained how to apply under multiple categories.\u00a0<\/span><\/p>\n

Details of the LIC IPO:<\/b><\/p>\n

Price Band: Rs 902 \u2013 Rs 949<\/span><\/p>\n

Issue size: Rs 21,000 crore<\/span><\/p>\n

Discount for Retail investors \u2013 Rs 45<\/span><\/p>\n

Discount for Policyholders \u2013 Rs 60<\/span><\/p>\n

Discount for Employees \u2013 Rs 45<\/span><\/p>\n

Next, let\u2019s take a look at the various categories:\u00a0<\/span><\/p>\n

Policyholders\u00a0<\/b><\/p>\n

Life Insurance Corporation (LIC) has reserved 10% of its IPO size for policyholders. The limit for an application under the policyholder category is Rs 2 lakh.\u00a0\u00a0<\/span><\/p>\n

Retail investors\u00a0<\/b><\/p>\n

LIC has reserved 35% of its IPO size for retail investors. Under the retail category, investors can apply up to Rs 2 lakh.\u00a0<\/span><\/p>\n

Non-institutional investors (NIIs) and HNIs<\/b><\/p>\n

This category includes individuals, companies, Hindu Undivided Families (HUFs) and other institutions who want to invest more than Rs 2 lakh in an IPO. 15% of the LIC IPO\u2019s issue size is reserved for NIIs.<\/span><\/p>\n

High net-worth individuals (HNIs) are allowed to apply up to Rs 5 lakh in an IPO using the UPI mode. If you wish to invest more than Rs 5 lakh, you would still need to apply via NetBanking, if your bank supports it.<\/span><\/p>\n\n\n\n\n\n\n\n
Category<\/b><\/td>\nDiscount \/share<\/b><\/td>\nRange<\/b><\/td>\nWho can apply?<\/b><\/td>\n<\/tr>\n
Retail<\/span><\/td>\nRs 45<\/span><\/td>\nUpto Rs 2 lakh<\/span><\/td>\nEveryone<\/span><\/td>\n<\/tr>\n
HNI<\/span><\/td>\n0<\/span><\/td>\nRs 2 lakh – Rs 5 lakh<\/span><\/td>\nEveryone<\/span><\/td>\n<\/tr>\n
Policyholder<\/span><\/td>\nRs 60<\/span><\/td>\nUpto Rs 2 lakh<\/span><\/td>\nApplicable for LIC IPO and if you have linked PAN number to LIC Policy. ( <\/span>Know more here<\/span><\/a> )<\/span><\/td>\n<\/tr>\n
Employee<\/span><\/td>\nRs 45<\/span><\/td>\nUpto Rs 5 lakh<\/span><\/td>\nOnly employees of the company going for IPO<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Applying under multiple categories<\/b><\/p>\n

Steps to apply for any category in IPO:<\/span><\/p>\n