How to open Demat and trading account in Zerodha for LIC IPO | Open Demat Account in Zerodha online
What is LIC IPO’s PolicyHolder Category?
Eligibility
The eligibility criteria for applying for LIC IPO under the Policyholder category is simple and easy. All you have to ensure following: 1. Your PAN Card number has to be updated in the LIC records. 2. The PAN Card used for LIC policies has to be the same as that registered with the Demat Account registered with the broker such as PayTM Money, Groww, Zerodha etc.
Steps to apply for the LIC IPO under the Policyholder
1. Choose LIC from the list of initial public offerings.
2. Go to the IPO information page.
3. Select “Policyholder” from the drop-down menu and click “Apply Now.”
4. Fill out the bid form and submit it.
5. Following the submission, you will receive a mandate from the sponsor bank.
6. Following your acceptance of the mandate, your application will be approved
Points to be Noted
1. The Government of India announced that policyholders of LIC schemes will be entitled to up to 10% of the issue size in the LIC IPO.
2. LIC policyholders will be entitled to apply for this category’s IPO up to a maximum of Rs 2,00,000.
3. Eligible users can apply for the IPO under the ‘Policyholders Category.’
4. In the LIC IPO, a user can apply under the Policyholder category in addition to the usual category. In this instance, the users will have to choose between two different applications.