16 crore 20 lakh 78 thousand 67 shares have been put up for sale. Out of this, investors have bid for 10.75 crore shares so far. The maximum share of this was filled by policyholders, which was 1.95 times. Employees’ share filled 1.15 times
The Initial Public Offering (IPO) of Life Insurance Corporation of India (LIC) has been launched. The country’s biggest IPO ever opened for subscription at 10 am on Wednesday, and 66% subscribed by the evening. 10% of the total shares reserved for policyholders became oversubscribed. Meaning it has been bid twice.
16 crore 20 lakh 78 thousand 67 shares have been put up for sale. Out of this, investors have bid for 10.75 crore shares so far. The maximum share of this was filled by policyholders, which was 1.95 times. Employees’ share filled 1.15 times. The share of non-institutional investors (Nits) was the lowest at only 27 per cent, while the share of retail investors was 60 per cent. Investors will get a chance to invest till May 9. However, experts believe that the decision of the Reserve Bank to increase the rates may affect the IPO.
There is a lot of discussion among people about IPO. In such a situation, we are going to tell you every single information related to LIC’s IPO
What is IPO? (आईपीओ क्या है?)
IPO means Initial Public Offering. Simply put, when a company issues its common stock or shares to the public for the first time, it is called an IPO. IPO is issued by limited companies so that they can get listed on the stock exchange. After listing on the stock exchange, the shares of the company can be bought in the stock market. The company issues IPOs to raise funding in case of investment or expansion.
There are two types of IPO-(आईपीओ दो प्रकार के होते हैं-)
1. Fixed Price IPO(निश्चित मूल्य आईपीओ)
Fixed price IPO can also be called issue price. Some companies schedule an initial sale of their shares. The investors get to know about the price of the shares which the company decides to take public. The demand for shares in the market can be ascertained after the issue is closed. If investors participate in this IPO, they must ensure that they pay the full value of the shares at the time of applying.
2. Building IPO (आईपीओ का निर्माण)
In such a situation, the company offers 20% price band on the shares to the investors. Interested investors place bids on the shares before the final price is decided. Here, investors have to specify the number of shares they want to buy and the amount they are willing to pay per share.
The lowest share price is known as the floor price and the highest stock price is known as the cap price. The final decision regarding the price of the shares is determined by the bids of the investors.
Why LIC’s IPO came?(एलआईसी का आईपीओ क्यों आया?)
The central government has set big targets for disinvestment. Launching of LIC’s IPO is a part of this. Through this, the government is selling a 3 percent stake in LIC. There is a plan to raise Rs 21,000 crore from this.
What are the benefits for those who have taken LIC policy?(एलआईसी पॉलिसी लेने वालों के लिए क्या लाभ हैं?)
If you have LIC policy then you will get a discount of Rs 60 per share. Under the reservation portion, 10% (2.21 crore shares) share reserve has been kept for LIC policyholders.
Its price has been fixed from 902 to 949 rupees. There will be 15 shares in one lot. Policyholders can invest a minimum of Rs 12 thousand 635. Ordinary investors can invest up to Rs 13 thousand 530.
How can investors benefit?(निवेशकों को कैसे फायदा हो सकता है?)
If you apply for IPO from policyholder quota, then at least Rs 13,335 will have to be invested.
Whereas, a common investor will have to pay Rs 14,235 according to the upper price band. In this way, the policyholder will get a total discount of Rs 900 on the application of one lot IPO.
On the other hand, if you have to pay at least Rs 12,635 according to the lower price band in the IPO from the policyholder quota. Whereas the common investor will have to invest Rs 13,530 according to the upper price band.
What are the benefits of getting a discount?(छूट पाने के क्या लाभ हैं?)
You apply against the policyholder quota, you get one lot according to the upper price band. In such a situation, even if the share is listed in the stock market for Rs 949, you will still get a profit of Rs 60 per share. Otherwise, if it is listed above 949, then that benefit will be different. Apart from this, even if this share is listed at a price as low as Rs 60, you will not have to suffer any loss.
How can I buy shares?(मैं शेयर कैसे खरीद सकता हूँ?)
For this, you need to have a demoted account. As per SBI rules, equity shares of any company are issued only in demote form. 'Hence' anyone, be it policyholders or retail investors, needs to have demoted account.
How to apply for share?(शेयर के लिए आवेदन कैसे करें?)
There is both online and offline option for this. If you want to apply online, then you can apply through your demote account or through its app. Here you will see the option of 3 categories.
1. Retail
2. Policyholder
3. Employee
Click on the category you want to apply for. After that, fill in the number of lots you want. After this, the money of the lot of price will be absorbed (blocked) from your account. In such a situation, on May 12, if you get shares in the share allotment, then money will be deducted from your account and on May 16, the shares will come in your demote account. After this, LIC’s stock will be listed in the market on May 17.
But, if you do not get the shares, then the process of unblocking your money will start from 13th May. After a day or two, your money will be unblocked.
If you want to apply offline then you have to contact LIC office or your demote account company office
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