LIC IPO has been the most blazing subject of conversation among financial backers for some time. As per a report by Economic Times, financial backers can apply for the LIC IPO utilizing United Payments Interface (UPI). Nonetheless, just workers of LIC and policyholders can apply for the IPO utilizing UPI. LIC IPO has happened to be the most expected crossroads throughout the entire existence of Indian offer business sectors. The biggest IPO throughout the entire existence of India is relied upon to hit the bourses by March 31, 2022. As indicated by a report by Reuters, the LIC IPO might open for applications on March 11, 2022. The IPO is relied upon to make LIC the organization with the biggest market cap in India.
For applying for utilizing the UPI strategy, the financial backer needs to choose 'Pay involving UPI ID' as the installment technique while presenting the application. Likewise, as indicated by ET, the financial backer needs to inform the intermediary regarding something very similar. The retail financial backers will likewise need to approve the UPI demand to present the bid through that channel. LIC IPO for policyholders is seriously invigorating. As indicated by the Draft Red Herring Prospectus (DRHP) documented by the organization with the SEBI as of late, 10% of offers have been saved solely for the current policyholders of LIC. Likewise, as per DRHP, as of September 30, 2021, the organization has north of 28 crore policyholders.
Likewise, the financial balance should be UPI 2.0 guaranteed by NPCI for the UPI strategy to work appropriately. LIC has explicitly told this in the LIC IPO DRHP. As per a report by Reuters, the LIC IPO is relied upon to open for offering on March 11, 2022.
Apply For LIC IPO Using UPI: A Step-by-step Guide Here
• As per the report by ET, a retail financial backer should follow the accompanying advances.
• Download the LIC IPO Application structure from bseindia.com.
• Enter your UPI ID in the structure and submit it.
• On the UPI portable application, the financial backer will get a solicitation to impede the necessary asset.
• Endorse the solicitation.
• Presently, the assets will be obstructed in your ledger till the assignment cycle wraps up. An upper cap of Rs 2 lakh has been fixed for such offers utilizing UPI.
• Whenever distributed, the cash will be consequently charged from the record. On the off chance that not, the cash will be delivered for different employments.
Image Credit: The Economic Times