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India’s Biggest IPO Open For Bidding- How To Apply For LIC IPO

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If you are looking to apply for LIC IPO but are not sure where to begin, we can help.

- Updated: 2nd Nov 2022, 12:51 IST
  • 1
    How to apply for LIC IPO?
    • 1. How to apply for LIC IPO through PayTm?
    • 2. How to apply through Upstox?
    • 3. How to apply for LIC IPO through Groww?
    • 4. How to apply through Zerodha?

How to apply for LIC IPO? As the LIC IPO subscription started on May 4, 2022, people have been finding answers to this question- how to apply for LIC IPO. India’s biggest IPO is now open for the general public to bid. The LIC IPO price band has been fixed at Rs. 902 to Rs. 949 per share equity by the government of India. Besides, the policyholders and LIC employees can also avail of the discount of Rs. 60 and Rs. 45 respectively, when applying for the public issue.

However, if you are not sure how to apply for LIC IPO, do not be disheartened! We are here to help.

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How to apply for LIC IPO?

You can apply for LIC IPO online through various options like PayTM, Upstox, Groww and Zerodha. Investors can bid in a lot of 15 shares, while retail investors can bid in a lot of 14 or 210 shares which makes the upper price band be Rs. 1,99,290. Here’s all that you need to know.

1. How to apply for LIC IPO through PayTm?

How to apply for LIC IPO through PayTm

You can easily apply for LIC IPO with PayTM Money. Just follow the below-mentioned steps:

  • Login to your PayTM Money app. You will find the IPO section on the home screen.
  • In the IPO section, you can check the list of subscriptions that are open, upcoming or have recently closed.
  • Click on the LIC IPO Open subscription and fill in your IPO application form. You need to fill in certain details like investor type, bidding quantity, cut-off amount, etc.
  • Next, you need to add your UPI ID to approve your highest bids. You will receive a confirmation message for the same on your UPI app.
  • After you confirm the bid on the app, your LIC IPO application form will be submitted successfully.

2. How to apply through Upstox?

Apply through Upstox
  • Login to your Upstox account through the app or website.
  • On the Discover tab, you will find the “Invest in IPOs” option. Click on it.
  • There, you can select the IPO you want to invest in. Furthermore, you will get options like “Overview”, “Timeline”, and “Apply”. You can click on Apply to proceed with the application form.
  • Next, you will be redirected to the Application page. Fill in your details there and click on Proceed.
  • Now, add your UPI add and select your Investor type. After that, click on confirm.
  • You will receive a mandate message on your selected UPI app too.
  • Accept the mandate message to submit your form. You can also check the status of your application under the Status tab on the same screen.

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3. How to apply for LIC IPO through Groww?

Apply for LIC IPO through Groww
  • Log in to your Groww account and then click on the IPO tab on the main screen. You will be redirected to the list of open IPOs.
  • Now, click on the Apply option next to the LIC IPO tab.
  • You will then be asked to mention your bid and select your lot size.
  • Next, choose your investor type, i.e., individual, employee or policyholder.
  • Lastly, enter your UPI ID. Confirm the message on your UPI app, and your application will be submitted.

4. How to apply through Zerodha?

Apply through Zerodha
  • Log in to your Zerodha account and then go to the IPO section.
  • Now, enter your UPI ID.
  • Then, you will need to click on the Bid option available next to the LIC IPO tab.
  • Next, choose your investor type from individual, employee and policyholder.
  • Now, enter the cut-off price and lot size.
  • Finally, click on confirm and then accept the mandated message on your UPI app to successfully submit your LIC IPO request.

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Highlights of the Story

  • LIC IPO subscription started on May 4, 2022, and the company is all set to sell shares worth Rs. 20,557 crore to the general public.
  • PayTM, Upstox, Groww, Zerodha, etc., are giving options to invest in the LIC IPO.
  • However, how to apply for LIC IPO is the real question here.

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