Life Insurance Corporation of India (LIC) IPO Message Board (Page 60)

Same issue ..need help

@djking you need to apply form Bank ASBA. From their you can apply in both the categories. Most of the brokers only allow one application. Cheers

@Lokes @Avenue @noorul and other Experts...

Please Enlighten...

My guess, One application Through Zerodha via UPI ID(PH) and other through ASBA(RETAIL)

Only one application from Zerodha, other application can be applied using ASBA.

Zerodha already mentioned this info.

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You can apply in any one investor category for the LIC IPO using Zerodha. If you want to place bids in more than one category, you can use net-banking ASBA.
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Sorry I don't use Zerodha hence can not give a confirmed reply.
But what Ravu said might be a solution.

@Lokesh is Zerodha expert and may clear your query...

yes in zerodha , we can apply one application in any one category as mentioned in below link. Remaining we can apply from our bank asba or any other broker if we have or from edelweiss guest option etc .

https://support.zerodha.com/category/console/ipo/ipo-application/articles/more-than-one-application-in-lic-ipo

@Lokes... sorry for typo in my last message...

No it's not possible
Lic premium pe hi open hoga
Sure
At the time of sbi card things was different
Tab corona start huwa tha
Sensex 30000 tak gaya tha

@techuser SBI Cards was almost a different case where a pandemic struck the world.
LIC timing is quite different. RBI sudden announcement led to the fall in market today, but hopefully it will recover in 2-3 days from oversold zone.

It depends now.RBI already given 40 basis point hike. US fed is about to hike in this month. I don't know weather dates collide or not with LIC dates..

But it will surely impact market as well as LIC IPO.

no they will get rejected

@Ramsan
I think so. Thanks bhai. :)

Same UPI in many accounts works.
I am applying from 10+ accounts. No issues in the allotment.
Do not listen to people with no experience.

@Bhumkia
May be you are right. But I have different UPI id, so for safe id I will apply from all of them.

They just need payment to be blocked successfully.
Nobody cares from where they come.
Few things look good on paper only... Not in real life...

6 Demat accounts has same PAN or different PAN ID. Same PAN ID then they will be rejected for sure. Different PAN - Not sure if they are checking account name on your UPI ID.

@bhumika: As you might be aware, whatever you told is not correct always. I hope you have seen my messages regarding this. Many times, registrar is rejecting third party applications and many times they accept. So nothing is constant/concrete/always in this case.
Even in LIC RHP , below is mentioned. Its all upto registrar (after consulting with company LM etc) to accept/reject third party applications.

17. Do not make the Bid cum Application Form using third party bank account or using third party linked bank account UPI ID;

@Ajay
Different demat different PAN with same UPI Id.

@Lokes
You are truly right Sir.

Rich Guy - I agree with Lokes. I too have official mail from Linkin (from some earlier IPO) on my query on this. They replied saying that, third party application will be rejected. However, in case of undersubscribe IPOs, they normally ignore this and allot even to third party applications. So better to not take chance. If you have separate upi ID or if you can apply from ASBA, do that. We have also seen that many banks have disabled third party application in their website (ASBA). It is not available now in SBI and Federal (in my case).

Thanx lokes & learner sk for the clarification.
It might have worked for some undersubscribed ipos or got lucky for even oversubscribed
but what is the need to do so
@rich guy better to do things as on paper atleast when u can
and @bhumika learn to respect people
Dont behave as if you are the only one with experience
Learn from @lokes @avenue @mravichandran @kammasivaramakrishna, other ipo gurus

market is heavily crash... scare of allotment in Campus .... should i continue invest in LIC !!

in proportionate basis allotment, it is always better to apply maximum lot size for getting allotment. in policy holders category, if you have money then apply full 14 lot.