LIC IPO Ki Patshala: Can you get a discount of Rs 150 per share in single application in LIC IPO? Know the answer!

LIC IPO Ki Pathshala: State-run Life Insurance Corporation of India (LIC) will be launching its much awaited public issue on Wednesday. The four-day IPO will end on 9 May. There is a lot of curiosity and questions are pouring in for the channel and Zee Business’ Managing Editor Anil Singhvi has addressed many of these. In this short video he addresses a question if an investor can avail a discount of Rs 150 through one application.

LIC is offering a discount of Rs 45 each for the retail investor category and employee category while offering a Rs 60 discount to its policyholders. If you are a retail investor who also happens to be an employee of the company as well as a policyholder, are you entitled for a discount of Rs 150 by virtue of one application. Here is what you must know!    

See Zee Business Live TV Streaming Below:

The Managing Editor said that it is not possible to avail discounts under multiple categories by filing one application. While an investor who falls in all the three categories can avail the discount of Rs 150, he must file different applications to avail discounts in individual categories.

If you want to apply in retail category, you can subscribe lots aggregating Rs 2 lakh and avail discount of Rs 45. In policyholder quota also, one can subscribe up to Rs lakh and the discount is Rs 60.

Similarly, in employee category a separate application must be filed to avail discount of Rs 45 per share.

Watch Full Video Here

Also Read: Can investors make multiple applications on 1 PAN card? Zee Business Managing Editor has the answer!

About LIC 

Incorporated on September 1, 1956, Life Insurance Corporation of India Ltd (LIC), was formed by merging and nationalizing 245 private life insurance companies in India. LIC has been providing life insurance in India for 65 years and is the largest life insurer in India. The brand LIC is recognised as the 3rd strongest and 10th most valuable global insurance brand according to Brand Finance. In addition to Indian operations, LIC has global presence with branches in Fiji, Mauritius, UK, etc.