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How to apply for LIC IPO?

Kite app

  1. Click on Profile.
  2. Click on IPO.
  3. Click on Bid.
  4. Enter the UPI ID mapped to the applicant's bank account.
  5. Select the Investor type¹.
  6. Enter the quantity and price. Alternatively, select the cutoff-price. Up to 3 bids can be placed.
  7. Agree to the undertaking and click on Submit.
  8. Accept the mandate request on the UPI app².

An SMS is sent from the exchange confirming the IPO bid at the end of the day. An email is also sent from Zerodha confirming the submission of the IPO application.

Notes

¹Select Individual investor in case the applicant is neither an employee of LIC nor holds a LIC policy. Select Employee of this organisation issuing this IPO in case the applicant is an employee of LIC. Select Policyholder in case the applicant holds a LIC policy.

²To know how to accept UPI mandates on Google Pay, Phonepe and BHIM, see How can I find my IPO mandate on Google Pay? , How can I accept my IPO mandate on Phonepe? , and How can I find my IPO mandate on BHIM?

FAQs

Does Zerodha offer pre-IPO orders for LIC IPO?

Zerodha does not offer pre-IPO orders because SEBI ICDR regulations provide a subscription period for an IPO during which orders are placed. Pre-IPO orders are technically bids and are, in essence, against the spirit of the regulations. To know more, see Why doesn’t Zerodha offer pre-IPO orders?

How to apply in the policyholder category?

To apply in the policyholder category, the following two conditions must be fulfilled:

  1. The LIC policy should have been purchased on or before Feb 13th, 2022
  2. The PAN should have been mapped to your LIC policy on or before Feb 28th, 2022

If these conditions are met, select the Investor type as Policyholder while applying for the IPO.

Can LIC employees apply for the LIC IPO through Zerodha?

Yes, applications can be made by selecting Employee of the organisation issuing this IPO under Investor type while applying for the IPO.

Can the LIC IPO application be made using funds on Kite?

No, applications for the LIC IPO cannot be made using funds on Kite. The applications can only be made from funds in the bank account. The amount can be withdrawn back to the bank account and the application can then be made. See How do I withdraw money from my trading account?

How to apply for LIC IPO if a UPI ID is not available?

Applications for an IPO can be made through netbanking ASBA service provided by the bank. To know more, see Can I apply for an IPO if I don't use UPI?

Can applications for LIC IPO be made from two demat accounts, one claiming policy discount and the other without claiming policy discount?

Applications can be made from two demat accounts, one claiming policy discount and the other without claiming policy discount. One application can be placed through Zerodha, and the other using netbanking ASBA.

The HDFC Bank account is registered with Zerodha however UPI on HDFC is not available yet. Can applications be made using other UPI IDs of the applicant?

Yes, any UPI ID that is linked to the applicant's bank account can be used to apply for IPOs.

Can applications be made for both categories, i.e., policyholder category and individual investor category, using the same PAN?

Applications can be made in the policyholder and individual category using the same PAN. One application can be placed through Zerodha, and the other using netbanking ASBA.

Will LIC IPO be posted in Console and also in ASBA for different banks?

Yes, the LIC IPO will be available on Console as well as the bank's netbanking portal. Applications can be made using demat ID. To know more, see Can I apply for an IPO if I don't use UPI?

Can a minor apply for the LIC IPO in the policyholder category if the minor has a LIC policy?

A minor cannot apply for IPOs through Zerodha currently. However, a minor can use net-banking ASBA with their demat account details to apply, provided the bank allows minors to apply for IPOs. In case the minor uses someone else's bank account or demat account, the application will be rejected by the RTA. To know more, see Can I apply for an IPO if I don't use UPI?

Can applications be made for the LIC IPO in the HNI category?

IPO applications of ₹2 lakh to ₹5 lakh are considered under the HNI category. Applications up to ₹5 lakh can be placed using UPI. IPO applications under the HNI category cannot be deleted or modified to reduce the size of the application according to SEBI IPO regulations. Modifications in this category can only be made to increase the size of the application. To know more, see Can applications be made for an IPO in the HNI category?