Life Insurance Corporation of India (LIC) IPO Message Board (Page 46)

High Alert !! Stay away or withdraw your application in LIC immediately as QIB and NII not interested in this ipo. Till 12:12 QIB only 1.14 and NII only 1.38. Save your hard money immediately.

@Trump
On a lighter note,
Please concentrate on Dow Jones and Nasdaq.

QIB and NII comes late in the day.
Wait for it

upi cut off time is 12 pm after closing day as usual or any change?

Can we apply Retail as well as Policy holder quota from same pancard
Please clarify

Yes you can apply.

yes

Timing to apply LIC ipo?
Is it till 7 PM?

Why take risk till 7PM. Apply before 2PM seeing the numbers. I will apply around 2PM seeing the category wise subscription data!

I understand that one can submit 2 applications i.e. both under Retail and Policyholder quota for the same PAN and Dmat account. However, After applying under 'Policy Holder' quota, when I am attempting to submit another application under 'Retail' quota, Yes Bank is not allowing under ASBA with the message - "you have already applied for this IPO". Please guide as to whether to not I am eligible to submit 2nd application under Retail after having already applied under Policy Holder. If yes, how to tackle the situation when Yes Bank is not permitting the 2nd application (Retail) under ASBA.

It should be allowed and might be bug in their system, please call to them or visit branch ASAP.

their systems might not have updated...
you can apply one more application in retail category from any other bank asba if you have other bank account or you may apply from your broker like zerodha or anything if they allow or you may apply via this link also by giving your details : https://www.edelweiss.in/applyipo/12024

Please suggest me that if the issue price is 902-949 and the retail discount is 45 rs then what should my betting price be?
please answer this I'm a bit confused..

Apply at cut off price only.

For retail customers, cut off price would be 949 but money blocked will be 904 & amount will be debited Rs 904/- per share if allotted.

Off Topic general Question: I wonder how top gurus here (lokes, noorul, Ravi, Avenue and others) manage to get money to apply for HNI. Is it loan and what interest? Is the profit ~30% worth after loan interest, STCG/LTCG? Basically, Is it worth applying in HNI category? My guess is one should be crorepati to apply in HNI, is it right?

Looks like now we can only apply for self accounts in SBI..I am not able to apply for others... previously I think up to 5 applications we were able to apply. Any one is also facing similar kind of issues? Kindly advsie?

Use SBI Yono Lite app, here you can file application on all registered beneficiaries (3rd party ASBA) other than self.

This rule is for all the upcoming IPO. It was introduced a couple of years back along with the introduction of the UPI-based IPO application. But few banks and registrars didn't follow. Now SEBI put a financial penalty for future violations.

SEBI makes rules but doesn't provide clear details and clarifications when required. There is no practical way to get clarification on the interpretation of a ruling. In most cases, the exchange also doesn't respond to brokers on these.

This makes everyone (exchanges, clearing corporations, registrars, brokers, banks, and NBFCs) confused. Each of these companies interprets the rules in its way. They do discuss the issues in various forums but couldn't conclude. After struggle for few years, SEBI amend the rules with more details. And it goes on...

Third Party Application not allowed in SBI... . . . . . New Guidelines for SEBI, is it only for LIC IPO or for all IPOs in future. In india rules are keep on changing so frequently.

For SBI ASBA if I select cut-off price it's automatically taking 949 and discount is not getting applied...can anyone guide me through this
I want to apply for only one lot in retail category

@Hari,
One more for you and others,

My idbi a/c also blocked 13560 per lot.

Policy holder me aisa he ki pehle sab ko ek ek lot mil jayega baad me proportionate hoga? Application wise 1X se kam he kya?

Could some one post the application wise retail subscription or tell where to find them

Dear Members,
This is not available from the exchange at this time. We will publish it as soon as it's made available.

Note that both retail and shareholders were already subscribed to 1 time application-wise. 1 lot per application is good enough.

@admim
Thanks a lot please update it before 3pm so that I can assume how much rejections/ cancellation could be there and apply more than 1 lot

There is no support in NIFFTY and BSE Due to war all supports are broken
so be careful and keep strict stop loss

Further the hike by RBI was like a blow to the balls of LIC...

Allotment on 12 may refund 13 may.
Link for result.
https://ris.kfintech.com/ipostatus/ipos.aspx

LIC IPO valuation is offered at lowest price amongst the peers based on Mcap/EV as informed in many forums and analysis. Compariosn wiht domestic peers is as under,

HDFC Life I Year 2000 I Mcap 15.17 bn $ I Mcap/EV 4.05
ICICI Prud I Year 2000 I MCap 9.83 bn$ I Mcap/EV 2.49
SBI Life I Year 2001 I Mcap 14.31 bn$ I Mcap/EV 3.10
MAX Fin I Year 1988 I Mcap 3.40 bn$ I Mcap/EV 2.00
LIC I Year 1956 I Mcap 78 bn$ I Mcap/EV 1.11

Many debated that domestic competitor's profitability & premium collection is higher resulting in bigger Mcap than it's EV. EV is derived from sum total of discounted value of future premiums, valuation of investments in assets and liquid assets like shares. LIC being oldest will naturally have highest EV with multifold appreciation on it's past investments. Others, established in last 20 years are still to build up a sizeable EV in competition. Also, LIC enjoyed monopoly till beginning of this century. Now let us compare LIC with global peers.

Post listing LIC will be 5th largest globally. We are told that LIC is offered cheaper compared to its western peers like Allianz , AIA, Zurich , and close to AXA. On a closer scrutiny, top 10 insurance firms have 2 from China and one from Hong Kong. China assumes importance as Life insurance and it's penetration is a number game closely associated with population of country where both China & India share similar numbers though demographics are dissimilar.

Ping An China I Year1988 I Mcap 119 bn$ I Mcap/EV 0.54
AIA Hong Kong I Year 1919 I Mcap 115 bn$ I Mcap/EV 1.58
Allianz Germany I Year 1890 I Mcap 95 bn$ I Mcap/EV 1.89
China Life China I Year 1949 I Mcap 89 bn$ I Mcap/EV 0.21
LIC I Year 1956 I Mcap 78 bn$ I Mcap/EV 1.11
Zurich Swiss I Year 1872 I Mcap 69 bn$ I Mcap/EV 1.74
AXA France       I Year 1816 I Mcap 66 bn$ I Mcap/EV 1.08

Both the Chinese companies, one established before LIC and other 22 years after LIC are listed and quoted in global markets at Mcap/EV much lower than LIC pricing. Do also note, both Chinese firms are state owned as LIC is and both are listed on local & NYSE too.

Thus LIC seems to be fully priced and is a good portfolio stock for dividend with limited appreciation, but not a stock for those aspiring multifold returns. It will be more like Coal India, IOCL, HPCL and so on. Many have also opined that for future FPO/OFS and further dilution LIC price needs to be supported by government. In the past there were several precedence of OFS /FPO at lower price than first IPO...

While I shall be applying to keep this as a portfolio stock for stability, same may not be applicable to all and decision be taken on your own needs.

@Shanm,
Please refer my comment in this same thread # 8, I am not going for FF here. (not convinced with QIB or NII subscriptions so far.)

Thanks

@Ou Ai- Thanks for a detailed explanation. Hope you might spend quite some time for summarize the message with the details. Hats off Sir. Keep up the good work. Help and Enrich our knowledge. Thank You.

Dear Experts,
I want to apply for 1 lot. Considering that It is at 5X in PH and 2X in Retail. Should I apply in retail or PH? Someone told me that those with higher lots will be preferred in PH. Is it true? I can only afford 1 lot. What should I choose ? Retail or PH?

Hi,
You may apply in retail category.
It's allotment criteria is lottery based.

I have got money for 3 lots , should I apply in retail or policy holder or both ?

Go for 1 retail , 2 policy holder lots

I have got money for 3 lots , should I apply in retail or in policy holder?

How many applications can be made through one SBI bank a/c

Use SBI YONO lite app and you can put up to 5 applications. But through website, only one application of the account holder.

Hi, Can LIC refund be used for Venus pipes IPO. I know refund will start to come from 13th and same is the last date for Venus pipes IPO application, but does refund come before 2PM (cut off time for SBI-LIC) application

@Dukes... It depends on the bank. Earlier I was sure about ICICI for releasing funds on time but recently they have become a bit slow. But I am still positive that ICICI will unblock funds in time on 13th May.

To add to this many people have moved from FF to HF considering current market conditions and other 2 IPOs are as pew rules wherein I will require 2L or 10L in one account. So I am not bothered much.

@dukes: yes unblock will happen on time mostly (before 3pm on refund day which is venus last day). Refund from LIC will be available for venus. Kfintech doesn't delay and now SEBI also forced all registers to unblock on time, so they are sending messages even to us that they have instructed bank to deduct/unblock.