What is the maximum bid under LIC policyholders reservation?

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Eligible LIC Policyholders who have linked PAN in LIC records can place a maximum bid of Rs. 200,000, net of discount to policyholders under the policyholders reservation quota. They are allowed to apply at the cut-off price, and accordingly, the cap or upper price will be the IPO bid amount.

Topic: LIC Policyholders IPO Reservation - Explained Article

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1. Investing for a better tomorrow

| Link|April 28, 2022 1:27:42 AMReply

So as per calculations
889x210(14lots)= 1,86,690/-
889x225(15lots)=2,00,025/-

So query is, can we apply for 14 lots or 1 share less than 15 lots to get closest to the 2 lacs amount stated in this above explanation?

Find more questions on this topic

Can I apply for more than one application in LIC IPO if I have multiple LIC policies with the same PAN number?
How many shares are reserved for LIC policyholders in LIC IPO?

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