In the LIC IPO, a 10 per cent quota has been reserved for existing policyholders. The key benefit of applying under the policyholder reservation quota is that applicants will get a discount of Rs 60 off the IPO price.
To avail it, you should have an LIC policy in your name before 13th February 2022. And these existing policyholders need to link their PAN to their LIC policy before 28th February 2022.
To check if your PAN is updated with your LIC policy, visit LIC PAN status.
If it is not linked, visit Link PAN.
Note: The benefit of Rs.60 as a discount will be given post allotment of the IPO that means while filling the IPO application you need to apply within the given price range of Rs. 902 - Rs. 949 per equity share. Post allotment Rs.60 will be adjusted accordingly in your application.
For e.g. As a policyholder I applied for LIC IPO at the bid price of Rs. 910 and I get the allotment of the IPO. The discount benefit would be calculated as:
Bid price - Discount price: Rs.910 - Rs.60 = Rs.850
If you have more queries about the LIC IPO, contact us on any day of the week from 9 AM to 6 PM on any of the following numbers: 02241792980, 02271309980, 02269042280.