Life Insurance Corporation of India (LIC) IPO Message Board (Page 29)

Dear @admin @chittorgarh, for lengthy message please add "read more" feature.

This is odd. Got 34/75 in retail (seems proportionate) while got only 48/210 in policyholders category.

Due to valid retail applications were less than required, so additional shares allotted to them who have applied for more than one lot. My earlier reply was was based on assumption that 34 applications allotment out of 75 applications.

So how many shares did that person get who applied for 210/14lots in retail catagory?

Bid submitted with cut off price only of 14 lots under policy holder quota but not allotted due to technical reason although I am having lici confirmation through sms recognise me as a policy holder. Something is wrong ...

Others may please confirm. LIC discount changed to premium 15-17 with buying tone.

Where r u get this news.. Plz confirm??

BABA ALLOTMENT TO PURA MILA HAI USKI BAAT MET KARO .LISTING KA KYA HOGA YE BATAO KOI

Hold for long term, enjoy dividends.
Add on dips.

Forget dividends. Have you seen EPS. Dividend would have to come out of EPS. Which insurance company gives good dividend compared to issue price?

Monday is a HOLIDAY, Hence listing will be on 17th May 2022 Tuesday.

Monday is a Trading Holiday - Buddha Pournima

Monday is holiday for settlement as it is bank holiday.
Trading will happen as usual on Monday.
LIC IPO has scheduled to list on 17th as per allocation mail from LM

Money is ready to buy on monday (Hoping for discounted listing)

Are you hoping for it to list below 904 ( discount given to retailers)? Wow…

Lic gmp? Today

4/5 in retail...no record found showing in one application.. and i am hopeful for positive listing...Modi ji.. 15 laakh mat do 15000 hi de do..😂 jk..

@ Amit ji
7/7 in retail...
Half lot for long term.
Half for modi ha toh mukin ha ....in listing day

@Prasen IPO...good strategy..I will also hold 1-2 lot for long term..

Need quick help... As most of the time my third party application are getting rejected I was wondering if Can We Map Individual Deemats UPI Approval to My Personal UPI ID will That be Possible

Greetings @Hashtag! Yes, you can have any number of different demat accounts but they should be mapped to different PANs in case you're applying in an IPO. In case you have 2 or more Demat accounts against a single PAN, your IPO applications would get rejected. You can have all your Demat accounts mapped to a single UPI ID for the purpose of handling payments and it won't make any difference. Hope this helps. Best Wishes!

As far as application through third party applications is concerned, this is typically useful but not limited to the following cases:
1. Individuals having a DEMAT account but not having an associated trading account, e.g. minors.
2. A situation where the trading terminal is hanging or is facing latency issues due to which the transaction is getting timed out and the application is unable to be processed.
3. Trading/ DEMAT account not being linked with the bank account leading to issues with transfer of funds.

In such a situation, one does have the option to apply through the bank account through its 'Application Supported by Blocked Amount or ASBA' services. The following steps would need to be followed for doing the same:
1. Look out for the e-Services section on the main menu of the banking application/ website.
2. Select the ASBA Services under e-Services.
3. Select the IPO (Equity/ Rights) section under ASBA Services.
4. This will take you to the 'Apply IPO' section under which you would need to click on the 'ACCEPT' button at the bottom.
5. After clicking on the 'ACCEPT' button, it would show the list of IPOs and Rights Issues open for application. Select the IPO which you would like to subscribe to from the list and click on 'GO' button at the bottom.
6. Next it would show you an ASBA undertaking which you would need to accept by clicking on the 'ACCEPT' button at the bottom.
7. Now it will take us to the page where we would need to select what category of investor we are from a drop down list - Retail Individual Investor in case you plan on investing under 200k and Non Institutional Investor in case you plan on investing over 200k in that IPO.
8. Now it will open the IPO Application form where we would need to first add an applicant. For the same, we would need to scroll down a little where it shows 'Select Registered Applicant' and just below that it would give an option to 'Click To Add A New Applicant In Case No Applicant Is Added'. We would need to click on the same.
9. Further on, it would open a page where it would load a form to 'Add IPO Applicant Details' where Applicant Name, PAN, Depository, DP ID, Client ID, and a Nickname of the Applicant would need to be entered. Click on the 'ADD' button at the bottom once done.
10. This would open up a details conformation page where you'd need to check and confirm all the details you've entered. Click on 'CONFIRM' once done.
11. You'd get a notification once the confirmation is successful and the applicant has been successfully added.
12. Now, you'd need to repeat steps 1 to 7 and while on step 8, choose the option 'SELECT REGISTERED APPLICANT' which would show you the nickname of the newly added applicant.
13. The rest of the application form is pretty much standard and should not be a problem filling basis your planned investment.

Hope this would be of help to you and to a few others too who might also be having a similar issue.
Best Wishes & Happy Investing!

Market may turn positive from Monday
once liquidity sucked by LIC is back into the market

Fund Released???
Market ke Closing mein ke Ho Riya hai? Negative kyon?

LMAO. Discounted listing on monday lol

Even ICICI Bank when they offered shares in public issue for rs.10 at a premium of 25 = Total rs.35/- was listed at Rs.30/- that is in discount way back. so LIC is a premium Institute of Govt and would give handsome returns in Long run. Have patience and do not see the rates daily. Have the same in your portfolio. Good luck to all who are allotted

Latest GMP ?

15-17 premium buyer

Psingal. Thanks

GMP not good but list near 1000

UPI amounts deducted for those where IPO is allocated in morning, but no update on KFINTECH or ASBA accounts.

Remember guys correction and fall is temporary ! Growth is permanent 🔥 bullish for India's future and want to become part of it ☺️

Applied / Alloted
Retail - 07/07
Policyholder - 02/04

Applied / Alloted
Retail - 07/07
Policyholder - 04/02

Monday being HOLIDAY, Listing will take place on 17th May 2022. Expected price 1000+

Monday is not a trading holiday.Please check and post bro.

Good morning what should be strategy on listing day

Hold for long term ...

thanks for the replies

I had applied for
1. 9 retail application of 14 lots each (210 Shares)
2. 7 PH application of 14 lots each (210 Shares)

Retail was subscribed 1.99 times and allotment was through draw of lots.
PH was subscribed 6.12 times and allotment was on proportionate basis.

Was allotted
1. 77/78 Shares in the retail category that is about 5.13 lots out of 14 lots
2. 48 Shares in PH category that is about 3.2 lots out of 14 lots.

Calculation for PH is understandable as its was on proportionate basis.. assume that there were some rejection (around 20%).. the final subscription will come to 5 times

3.2/14 = 22% (Actual allotted ratio)
1/5 = 20% (As per subscription)

So its easy to understand.

But was not able to understand the basis of allotment on the retail category as it was through draw of lots... If it was draw of lot... shouldn't we just get 1 lot each instead of 5.13 times... no of different application in retail was about 1.4x as mentioned here
https://www.chittorgarh.com/ipo/ipo_discussions.asp?a=1221&c=508816&ap=0

It looks like in retail category too allotment was done on proportionate basis.

So, is it a good idea to apply for complete application of 2 lacs instead of just 1 lot in retail to get better allotment?

Valid retail application is less than 1X . So all valid applicant have allocated minimum 1 lot. Retailor who applied more than 1 lot got 1 lot+ proportionate (around 5 more share for each additional lot).
Applicant who applied for 2 lot got 20 shares (15+5) and so on.

For undersubscribed ( number of applications ) IPOs , applying more than 1 lot will get more shares, obviously risk will be more as demand is less in such IPO.

Thanks @Ravu ... that explains lot...

I think on a long run LIC will perform well... am bullish on it... am going to hold it ....