Published on Sunday, February 13, 2022 by Chittorgarh.com Team | Modified on Tuesday, February 18, 2025
Eligible Policyholder for reserved category in LIC IPO is the "LIC policyholder whose PAN number is linked to the policy as of February 28, 2022".
LIC IPO will have a reserved quota and special discount of Rs 60 per share for the eligible policyholders.
To participate in LIC policy holders reserved quota, policyholders must meet the following criteria:
LIC IPO reserved up to 10% of the total issue size for LIC policyholders. The policyholder's reserve category will be similar to the retail category but it may have a special discount of Rs 60 per share. There is a limit of Rs 2 Lakh per IPO application in reserved policyholder category.
There is a discount of Rs 60 per share discount on the final offer price in LIC IPO for eligible LIC policyholder who bids in the reserved category for policyholders.
In case of LIC IPO policyholders quota gets oversubscribed, then the allotment will be done on a proportionate basis. It is to be noted that eligible policyholders can place a maximum bid of Rs. 200,000 (net of policyholders discount).
LIC IPO Multiple Applications
A LIC policyholder can apply for LIC IPO shares using 2 IPO applications in the following categories:
LIC IPO Limits in Reserved Quotas
Advantages of Reserved Quota in LIC IPO
Eligible Policyholders for Reserved Policyholders Quota in LIC IPO
| Quota | Effective Price |
|---|---|
Policyholders |
Rs 889 (Rs 60 discount) |
Retail |
Rs 904 (Rs 45 discount) |
Employee |
Rs 904 (Rs 45 discount) |
Rs 949 |
|
HNIs |
Rs 949 |
Only one IPO application is allowed in the reserved category of LIC IPO for LIC policyholders. It doesn't matter how many LIC policies you hold. The thumb rule is one individual (one pan number) = one IPO application in a category.
A LIC policyholder can apply for LIC IPO shares using 2 IPO applications in the following categories:
A LIC policyholder who is also an employee of LIC can apply for LIC IPO shares using 3 IPO applications in the following categories:
Up to 10% shares are reserved for Eligible Policyholder(s) in LIC IPO as per DRHP. Note that the reservation is only for policyholders whose PAN number is linked to one of the policies.
Eligible LIC Policyholders who have linked PAN in LIC records can place a maximum bid of Rs. 200,000, net of discount to policyholders under the policyholders reservation quota. They are allowed to apply at the cut-off price, and accordingly, the cap or upper price will be the IPO bid amount.
