Скачать или смотреть LIC IPO Latest - An analysis of important points for Employees, policyholders and retail investors!

This video is in Hindi and covers the following topic:

Life Insurance Corporation (LIC) IPO
Employees, Policyholders और Retail Investors के लिए कुछ Important points

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Being the sole owner of LIC, the government holds ~6.3 billion (~630 Crore) shares

The government is looking to raise over Rs 65,000 crore from a 5% stake sale in LIC. Bloomberg reported that the initial public offering will be priced between Rs 2,000-2,100 apiece.

India's largest life insurer has reserved 57.5% of the total issue size of 31.62 crore for policyholders, employees, non-institutional and retail investors, according to the draft red herring prospectus.

The insurer has reserved 5% and 10% for employees and policyholders, respectively.

The total value of the shares available per application for each of these categories is capped at Rs 2 lakhs

LIC has a special reservation of 3.16 crore shares for its 26-crore policyholders

But only those who have linked their PAN with their policies and have demat accounts are eligible to invest.
A policyholder can apply for shares worth up to Rs 4 lakh—Rs 2 lakh each under policyholder and retail categories.

Both the applications, even if from the same demat account, will be valid

There will be no lock-in period for policyholders and they can sell on listing.

Discount (if any) is yet to be announced

Eligible Policyholders

Must have a valid demat account in their own name.

The PAN number of the applicant needs to be updated in the policy records by Feb. 28 (PAN can be updated on the LIC website with the PAN number, the policy number, the mobile number and email the ID of the policyholders. Policyholders' PAN number can be updated through a very simple process. Here's the link to the page: https://linkpan.licindia.in/UIDSeedin... Alternatively, policyholders can also approach LIC offices.
In case of a joint life policy, Only one of the two can apply for the Equity Shares under the Policyholder Reservation Portion category. The PAN number of the applicant Bidding in the Offer (you or your spouse) needs to be updated in the policy records. The applicant has to have a demat account in his/ her name and in case the demat account is joint, the applicant needs to be the first /primary holder of the demat account.

The policyholder must reside in India at the time of the bid/offer period.

The policy should have been issued on or before the date of the draft prospectus (13 February).

All policies that have not matured or have not been surrendered or have not exited records on the death of the policyholder are eligible.

The proposer of the policy for a minor child.

A 'karta' or head of the Hindu Undivided Family holding the HUF policy.

Not Eligible

Group policies.
The spouse of a deceased policyholder receiving annuity.
Nominees.

Employees of LIC have a separate quota of 1.58 crore shares, and they are also allowed to apply in the retail category, subject to meeting other conditions. Meaning, they can apply for shares of up to Rs 4 lakh.

And an employee who is also a policyholder can apply in retail and policyholder categories as well—or for total shares worth Rs 6 lakh.

All three applications will be considered valid.