Business Desk, AnyTV, New Delhi
Published by: Deepak Chaturvedi
Updated Sat, 19 Feb 2022 11:53 AM IST
Summary
Race For LIC IPO Quota: The race to invest in LIC’s IPO by getting quota has intensified. This can be gauged from the fact that within the last one week, more than 12 lakh LIC policyholders have linked their PAN card with their account. That is, there is a lot of trend among investors regarding the IPO of the country’s largest insurance company.
The biggest IPO of LIC in the country’s history is only a short time away. It is to be launched in March. To invest in this, it is necessary to link the PAN card with the account of the account holders. After the appeal of the insurance company, there is a sharp increase in the number of people doing this work to get the quota in the IPO.
Competition to invest in IPO
The race to invest by getting quota in LIC’s IPO has intensified. This can be gauged from the fact that within the last one week, more than 12 lakh LIC policyholders have linked their PAN card with their account. That is, it is clear that there is a lot of interest among investors regarding the IPO of the country’s largest insurance company and they do not want to miss the opportunity of earning by investing in it.
Bounce after insurer’s appeal
According to a report released in this regard, Life Insurance Corporation of India (LIC) has started seeing a surge in policyholders linking their Permanent Account Number (PAN) with LIC policies, participating in the initial public offering (IPO) of the insurer. To take indicates a great reaction between them. The report states that around 92 lakh policyholders have demat accounts linked to their LIC policies. LIC and the government expect over one crore policyholders to have their demat accounts linked to their policies by February 28.
Can update till February 28
Let us tell you that in order to invest in LIC’s IPO, first of all, policyholders need to update their PAN card from their account. Failure to do so will result in the investment not being made. The last date for doing this important work has been set as February 28. You can do this work online sitting at home in a very easy way. Then if you have not linked PAN with this account, then do this work immediately in the manner described.
Update PAN details in 10 steps
- Visit the official website of LIC.
- Select the option ‘Online PAN Registration’ on the homepage.
- Now click on ‘Proceed’ on the registration page.
- On the new page, enter PAN, email, mobile number and policy number.
- After that enter the captcha code correctly.
- Now click on OTP request.
- OTP will come on your registered mobile number.
- Now enter the OTP at the designated place and submit.
- After this you will get the message of successful registration.
- Then check the status by date of birth, policy-PAN number.
Price band can remain soAccording to a report, LIC’s IPO may launch on March 11. Its size is expected to be up to Rs 65,000 crore. The report quoted sources as saying that its issue price is likely to be Rs 2000 to 2100. Significantly, on Sunday, February 13, the government had submitted the draft document of LIC with the market regulator SEBI. However, the date of launch of the IPO has not been officially announced yet. Explain that 10 percent stake in LIC IPO has been earmarked for policy holders, while 5 percent stake has been earmarked for the employees of the company. It has also been mentioned many times in the information shared by the government that its listing will be completed in March 2022.
Totally Offer for Sale IPO
This IPO of LIC will be the biggest IPO till date. As per the DRAP submitted to SEBI, the issue of LIC will be purely offer for sale. In this, the government will issue 31.6 crore shares under its 5 per cent stake. According to the report, according to this the embedded value of the company will be Rs 5.4 lakh crore. Normally the market cap of an insurance company is four times this value. According to this, the market value of LIC will be $ 288 billion i.e. about Rs 22 lakh crore and LIC will become the largest valued company of the country.
Expansion
The biggest IPO of LIC in the country’s history is only a short time away. It is to be launched in March. To invest in this, it is necessary to link the PAN card with the account of the account holders. After the appeal of the insurance company, there is a sharp increase in the number of people doing this work to get the quota in the IPO.
Competition to invest in IPO
The race to invest by getting quota in LIC’s IPO has intensified. This can be gauged from the fact that within the last one week, more than 12 lakh LIC policyholders have linked their PAN card with their account. That is, it is clear that there is a lot of interest among investors regarding the IPO of the country’s largest insurance company and they do not want to miss the opportunity of earning by investing in it.
Bounce after insurer’s appeal
According to a report released in this regard, Life Insurance Corporation of India (LIC) has started seeing a surge in policyholders linking their Permanent Account Number (PAN) with LIC policies, participating in the initial public offering (IPO) of the insurer. To take indicates a great reaction between them. The report states that around 92 lakh policyholders have demat accounts linked to their LIC policies. LIC and the government expect over one crore policyholders to have their demat accounts linked to their policies by February 28.
Can update till February 28
Let us tell you that in order to invest in LIC’s IPO, first of all, policyholders need to update their PAN card from their account. Failure to do so will result in the investment not being made. The last date for doing this important work has been set as February 28. You can do this work online sitting at home in a very easy way. Then if you have not linked PAN with this account, then do this work immediately in the manner described.
Update PAN details in 10 steps
- Visit the official website of LIC.
- Select the option ‘Online PAN Registration’ on the homepage.
- Now click on ‘Proceed’ on the registration page.
- On the new page, enter PAN, email, mobile number and policy number.
- After that enter the captcha code correctly.
- Now click on OTP request.
- OTP will come on your registered mobile number.
- Now enter the OTP at the designated place and submit.
- After this you will get the message of successful registration.
- Then check the status by date of birth, policy-PAN number.
Price band can remain soAccording to a report, LIC’s IPO may launch on March 11. Its size is expected to be up to Rs 65,000 crore. The report quoted sources as saying that its issue price is likely to be Rs 2000 to 2100. Significantly, on Sunday, February 13, the government had submitted the draft document of LIC with the market regulator SEBI. However, the date of launch of the IPO has not been officially announced yet. Explain that 10 percent stake in LIC IPO has been earmarked for policy holders, while 5 percent stake has been earmarked for the employees of the company. It has also been mentioned many times in the information shared by the government that its listing will be completed in March 2022.
Totally Offer for Sale IPO
This IPO of LIC will be the biggest IPO till date. As per the DRAP submitted to SEBI, the issue of LIC will be purely offer for sale. In this, the government will issue 31.6 crore shares under its 5 per cent stake. According to the report, according to this the embedded value of the company will be Rs 5.4 lakh crore. Normally the market cap of an insurance company is four times this value. According to this, the market value of LIC will be $ 288 billion i.e. about Rs 22 lakh crore and LIC will become the largest valued company of the country.