Life Insurance Corporation of India (LIC) IPO Message Board (Page 72)

with same demate account?

I am a Policyholder so, can I apply both Category Policyholder + Retail Category.

Yes you can apply

I would love to get hold of LIC rather than buying niftybess or goldbees or reit... It's a wonderful company and i urge people not to participate in this traditional profit making company as it won't give चीर फाड़ returns like loss making /overvalued companies with no or above 1000 pe.. by not participating u will contribute towards my goal of getting allotment

@ IPO mining

True that. I though don't consider myself worthy of being a shareholder of such a wondrfOOl company. I have been there (to the wonderland) via GIC and NIA routes and I'm so satisfied I tell you, that I won't ask for more.

1) Holding companies typically get lower valuations

2) If holding company has its own significant business, it will effect the valuations, even if valuations of their holdings are going up.

I doubt if its a good strategy to hold LIC instead of Nifty Bees or ETFs/MFs which could offer much better return purely from its holdings.

Grey premiums are high and I feel it will definitely get fully subscribed... One can sell the applications/shares at premium before applying or can apply for small listing gains, after seeing the Anchor Investor list (which I feel will be impressive)

Private companies set impossible sales targets. As a result, agents and sales managers device new techniques for mis-selling. Who wants to quit the job for which a person has paid four lakh as the training cost. Check ICICI manipal or HDFC manipal PO program. You will find dozens of advice not to join because of sales pressure.
For LIC profit was never the sole objective. So LIC will remain preferred insurance company.

Bro sales pressure doesn't mean anything for investors. If they can bring in sales and generate profits, investors will be happy.

As far as customers are concerned, check how LIC has been losing market share over the years. Its maruti of insurance sector. Eventually companies that allow better returns will win.

65 million policy holders have linked their PAN on or before 28 February 2022. This number is huge and looks like policy holders quota ( application of 5-13 lots) as well as 1-2 lot retail application by them will hopefully provide oversubscription in both category.

But most of have multiple policy & linked all policy. That will applicable only 1 PAN. and not sure how many customer have Demat account from them and how many actually apply the IPO.

Considering the reasonable offer price and slight discount on top of it, anywhere between 15-20% (include discount margin) listing gain is possible. Since this issue is prestigious for Govt., we may see buying support from Domestic Institutions also, hence discount listing chances are almost Nil. No need to worry... simply apply and get Listing gain, for Short term investment also Okay to make some money if markets are in bull run. Definitely it is not a Long term bet considering stagnated growth, hanging with many dead investments in books, too late to adopt technology when compared to the competition etc etc... and most importantly, subsequent FPOs in future will keep pressure on share price...

Dscl: I am applying in few retail acc / two policy holder acc

Itna bada ipo aaya aur third party bandh ho gya Matlab ye full subscribe nhi hoga for sure retailers

आप चिंता मत करिए इस बात की

आपको जितना माल चाहिए इतना मिलेगा

अभी भी 40 रुपए प्रीमियम पे लेने वाले बैठे है लाइन में।।

How discount will be applicable to investor for Policyholders, any idea ?

is it like while applying will we get an option or system will automatically identify Policyholders based on data we filled earlier on LIC website.

@bhavinrup,
The discount will be applied at the time of allotment. For now, you have to apply in the price band or at the cut-off price.

Interested to hear viewpoints of those who are recommending Avoid. Can we start a thread here?

[Reasons that LIC IPO should be 'avoided']

Following the thread

Avoid is negative term.

What you are trying to say is that dont invest now at current price

When media says LIC valuation is cheapest amongst the world then the interesting question is why is it so? Is Govt selling family silver because it really really requires money? It does not appear so. So what is it? Then the logic takes place which is - Global investors are not confident about growth of LIC business or value of new business. Case in point is China Life Insurance which is currently trading at 0.54 ratio of market value to embded value

Can apply 2 application in 1 pan
1 policyholder
2 retail catagory

Yes
You can apply

I have LIC policy 9 years old but the pan is not linked but I have policy number

Can I apply in policyholder qouta?

I read somewhere that pan card must be linked before 2022 can I link right Now?

For LIC IPO pan policy linking date is over

Pan had to be linked on or before 28.02.22.
IPO got delayed due to the war, but they didn't increase the period for linking or buying policies

How many shares are reserved for Policy Holders

10% of the total shares offered.

@Eagle Eye @King Vinod Please update GMP ..

If you are planning to apply under policy holder quota, you can use below link to check if your PAN is updated in LIC policy records. Deadline for updating PAN is already crossed.

https://linkpan.licindia.in/UIDSeedingWebApp/getPolicyPANStatus

Is the upper band price 949 inclusive of the 45 rupees retail discount they are talking about? If yes, it is just a trick as no use bidding at lower price band of 904 ! Someone explain if my understanding is wrong?

I don't know what is the science about this. But lower price band only used when IPO does not fully subscribed.

Guys,

Do not confuse with the lower price band and the upper price band after the discount - both are Rs. 904 but they are not same. If you are a retailer and applying at higher price band then you will pay 904 per share instead of 949. If you are applying at lower price band then the price will be 859 after the discount. So the effective price band considering the retail discount is 859-904 and for policy holders it is 839-884. I hope it clarifies!!

Resp members,

I have a question about HNI category application. Since this is a book building issue, are the new SEBI guidelines on HNI allotment applicable?

i.e. 1/3 of HNI quota is reserved for applicants between INR 2-10 lacs and 2/3 of HNI quota for INR 10 lacs+?

Or will the old rules apply where there is no difference within HNI category?

As per RHP, new HNI rules are not applicable for LIC IPO, they have already taken approval on this.

Yes, looks like new HNI rules are NOT applicable. Could not find mention of 2 different slabs for HNI category anywhere in the RHP.

Being a retail subscriber and a policyholder, can I apply one - one lot in each category

Yes
You can

Avoid