Bank branches operate to receive LIC IPO applications. Customers applying for LIC IPO will have the opportunity to participate in the IPO. The shares will be sold till May 9. LIC has one of the largest share sales in the country.
Also Read: Policyholders sweeping LIC shares; You can also buy shares through Yono
For those who want to participate in LIC share sale
You can also buy shares through the SBI Yono app. The bank has stated that there will be no charge for opening a demat account and there will be no account maintenance charge for the first year.
The price band is Rs 902-949 per share. Policyholders will get a discount of Rs 60 per share and retail investors and LIC employees will get a discount of Rs 45. LIC has reserved 10 per cent stake in Issue Size for policyholders and 5 per cent for employees.
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