LIC IPO: Today is the last day to bid in the country's largest IPO, issue subscribed 2.64 times so far
Today is the last chance to bid in the country's largest LIC IPO. If you haven't taken part in it yet, do so today. The issue has been subscribed 2.64 times till the writing of the news on the last day of the issue.
Strong response from retail investors
Let us tell you that the issue was subscribed 1.9 times in five days till Sunday. Policyholders have shown strong enthusiasm for this IPO and the stake was subscribed 5.1 times. This figure is increasing continuously and everyone wants to buy stake in it on the last day. LIC IPO has received tremendous response not only from employees and policyholders but also from retail investors. Till 3 pm today, where the employees' share was subscribed 4.25 times, the policyholder's share was booked 5.85 times. In the case of non-institutional investors (NIIs), this share was subscribed 2.34 times, while the share of QIBs i.e. qualified institutional investors was subscribed 2.43 times.
Received more than 29 crore bids
Let us inform here that as of May 8, LIC IPO has received more than 29 crore bids against 16.2 crore shares issued. The IPO was open for subscription on May 4 and will close at 5 pm today. Through this, the government is selling 3.5 percent stake in its wholly owned company and is preparing to raise Rs 21 thousand crore from the market. The price band of LIC's IPO has been fixed at Rs 904-949. In such a situation, it will be beneficial for investors to invest on the higher band Rs 949.
Experts told profitable deal
Looking at the way LIC's IPO is getting response, it can be called successful IPO. Experts have also said about this IPO that investing in it for a long period will prove beneficial for investors. In such a situation, if you have not participated in this till now, then do not delay, in some easy ways you can also bid for LIC shares.
How to invest with SBI YONO
State Bank of India has informed its customers that customers of the bank can also invest in LIC IPO through SBI YONO app. To invest in this, first you have to open your SBI YONO app and after login, click on the investment option. By doing this you will see the option to open demat and trading. After opening this account you can easily invest in LIC IPO. It is worth noting that for the convenience of the customers, the bank is not charging any fee for opening this account.
Buy stake through paytm
One can apply for LIC IPO through Paytm Money just like SBI. For this, first go to the IPO section on the home screen of Paytm Money. If you are a policyholder, on the IPO details page, select Policyholders under 'Investor type'. Keep in mind that PAN should be linked to LIC policy and linked to Paytm Money demat account. Now select LIC IPO option and click on 'Current & Upcoming' tab. After that select 'Apply Now' option. Now on the new page when the bid page opens, you can update the price and quantity for the application. Then update your UPI ID in the 'Add UPI details' section and click on apply. Information will be given on allotment.