Step 1: Log in to your broking account. If you do not have an online account, you can register with your email and phone number to create an account.
Step 2: Locate the IPO section in the app or desktop version of the broker and go to the current IPO section. Choose the IPO name from the list of IPOs.
Step 3: Enter the number of lots you want to bid for and select the bid price.
Step 4: In the next step, enter the UPI ID and click on the Submit button. You must approve your UPI app to complete the transaction, and the exchange will approve the bid.
Step 5: The money used to apply for IPO is on hold until the IPO allotment date. Now, wait for the mandate notification in the UPI app.
Step 1: Log in to your net-banking account
Step 2: Go to the ‘Investment’ section and click on IPO or e-IPO option.
Step 3: Fill in the mandatory details like depository and bank details.
Step 4: After completing verification, click on the ‘Invest in IPO’ option.
Step 5: Click on LIC IPO and add the number of shares and the ‘bid price’.
Step 6: Check the box that confirms that you have read the terms and conditions of the bidding.
Step 7: Click on ‘Apply Now’.
Step 8: The money will remain blocked until decision on allotment. The amount is only debited after the allotment of the shares.
Follow the steps below to check your allotment of shares.
Step 1: Go to https://www.bseindia.com/investors/appli_check.aspx.
Step 2: Select the issue type.
Step 3: Enter the issue name, application number, and PAN details.
Step 4: Click on the search.
Savart Trivia: LIC is the fifth biggest insurance entity in the world. If everything goes as per plans, this will be India’s largest ever IPO.
To know whether you should invest in the LIC IPO and for customized advice, reach out at Savart.
To know all about the LIC IPO, read this.
Individual investors engage in stock market activity for a variety of reasons, e.g., long-term gains, short-term gratification, experiencing daily highs/lows, learning, applying intellectual strategies, etc. Their approaches to achieving these objectives can be broadly classified as active or passive in terms of the time spent analyzing the markets and their frequency of transactions. Let’s understand […]
7 Common Investing Mistakes That Can Reduce Your Returns from the Market Investing is an exciting experience. But it can also overwhelm people, especially those who are starting afresh. By their very nature, stock markets go up and down – disciplined investors understand this, and develop strategies to reduce their risks during market lows (as […]
The Tap Is Being Turned Off Understanding the impact of higher interest rates and lower liquidity on stock market prices Over the last few days, the Indian rupee has hit a lifetime low of 78.20 against the US dollar while oil prices remained at their elevated levels. Additionally, the US reported a 40-year high inflation […]