Like wise below category may be distributed as lottery. If Applicant will increase then ratio will decrease and vice - versa . So if you have limited fund and more policy holder account then you can get idea to apply accordingly.
Sooner or later every banks stops this, infact SEBI very long time back itself cleared about third party ASBA, but we are continued to enjoy simply because some banks are providing....
When SBI stopped this recently (some people may argue Yono allowing, it is a matter of time or updating the app version), being a SBI giant in this field for ASBA services, crowd will follow..
Hence, be prepared in advance and make another options ready (UPIs or self account applications etc.).
LIC can not invest in own IPO. Even LIC housing finance the subsidiary company of LIC can not apply in mother company IPO. But be sure, Indian institutions are readying itself to apply big in this IPO.
HNI allotment is clearly according to old rules ,what happens to anchor investors holding, is it also old rules of one month or new rules of 3 months ?
Expert pl reply . Can i apply 2 application with same PAN and same DMat account . First application As a LIC policy holder and second application As a retail investor.
You can apply in both the category up to 2 lakh application. Be sure, LIC IPO is going to be oversubscribed in both the category, Despite all media bad publicity.
441.5. arunARUN| Link| Bookmark|
April 27, 2022 8:44:00 AM
IPO Guru (1900+ Posts, 1600+ Likes)
Not in retail category. Policy holder is much smaller category
So help me understand better, if I apply in both categories and both categories are subscribed under 1X, then how will I get allotment? In both categories full allotment, in one category or partial allotment in both.
Also if both categories are over subscribed then in what manner will there be allotment
@ German and K atar The sentence speaks in itself much beyond what is pointed out by Atar and as much as you can see.
Hati (elephant) ka kya kasur, ego juta ne hati ko malik ko na kebol unka aukat samza diya valki unko niyot par bhi sawal khara kor diya. Some political parties have told it a " Gigantic scam and plundering of national resources " The sequence logically signifies their contention where war is used as a pretext . Now the shoe has exposed the reality. A mere company is able to block 70000 cr without any distortion to the market while the giant has been vacillating for two and a half month .
Thank you
438.4. K.Atar| Link| Bookmark|
April 29, 2022 9:52:58 PM
IPO Guru (1000+ Posts, 700+ Likes)
Even then the retail people have doubt based on historical instances, its good to learn from history but each new opportunity should be judged on its own merits. Your insights have opened new thought horizon, I wish what you are saying becomes true and those who apply in LIC earn handsomely (more than Ruchi & AWL). Have feeling this time that we will be able to take a pie from thia giant cake..
Respected members, I am policyholder and my pan is linked.... But i need suggestion of Experts....what you think Should we apply or wait for subscription status before applying..
Apply blindly in policy holders quota with full up to 2 lakh lot and also apply 1-2 lots in retail. Policy holders and retail both quota will be oversubscribed due to huge discount. Allotment in policy holders quota proportionate basis. And in retail 1 lot in case of oversubscription through lottery.
Policy holder can apply upto 2 lakh n retail also can apply separately upto 2 lakhs
432.3. lokes| Link| Bookmark|
April 29, 2022 6:01:20 PM
IPO Guru (4400+ Posts, 5100+ Likes)
if you want to apply maximum, then simply apply 1 application in policyholder quota for upto 2 lakh amount and apply one more application in HNI category for any max amount as you wish upto crores.....
Thanku everyone for your response. I have few more queries-
1.will allotment in Policyholder quota be based on HNI rules? 2. Like if issue is over subscribed then draw of lot will happen and minimum lot will be allotted. 3. And if issue is under subscribed then allotment will be based on proportionate basis.
Allotment is based on similar to Retail quota. That means if it is oversubscribed then it's lottery and will get minimum 1 lot. If it is under subscribed then proportionate allotment.
432.6. lokes| Link| Bookmark|
April 29, 2022 7:26:17 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@suneel: wrong information.....allotment in policyholder is not similar to retail...
@everyone: Admin already explained most of the things on main page, please check it once before asking similar questions again and again..... https://www.chittorgarh.com/ipo/lic-ipo/1221/
LIC IPO Details by Investor Category LIC IPO Researved Category (Policyholder, Employee and Retail) LIC IPO Multiple Applications LIC IPO Limits in Reserved Quotas Advantages of Reserved Quota in LIC IPO Eligible Policyholders for Reserved Policyholders Quota in LIC IPO
@Lokes, one more question, for HNi it mentioned as Proprotionate but not Draw of lots. Does that means is it following old HNI rules?
432.9. lokes| Link| Bookmark|
April 29, 2022 7:55:07 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@suneel: yes in this ipo, old HNI rules are applicable....it has one single hni category and old rules of allotment in HNI category. yes in policyholder category, everyone will get proportionate basis with minimum allotment of 1 lot....same like our old HNI rules....
They say that a policy holder can make 2 applications (retail/HNI+policy).
So help me understand better, if I apply in both categories and both categories are under subscribed, then how will I get allotment? In both categories full allotment, in one category or partial allotment in both.
Also if both categories are over subscribed then in what manner will there be allotment?
Will I be allotted only in one of the applications, there is great confusion as both categories have diff basis of allotment and discount offered is diff as well?
430.2. lokes| Link| Bookmark|
April 29, 2022 7:37:33 PM
IPO Guru (4400+ Posts, 5100+ Likes)
Both applications will be treated different and will be allotted separately as per that category subscriptions..... And you already know and told both category has different basis of allotment as mentioned by Admin also here on this main page. https://www.chittorgarh.com/ipo/lic-ipo/1221/ (LIC IPO Details by Investor Category) Discount offered has no role in allotment, it simply means you will be allotted shares at discounted price.