How to Work LIC IPO
In this article, I will discuss how to work IPO. In this process, your bank will block your funds until it allocates the shares. You will have to wait till your UPI mandate expires or until the cut-off price of the IPO has been decided. If you want to participate in the LIC IPO, you have to apply for it through your bank. In general, you can apply for IPO through your savings account.
LIC IPO will be conducted on the NSE and BSE, with the subscription period continuing till May 9. In order to participate in the IPO, you need to have a demat account with an authorised depository participant (DDP). You can do this by visiting the website of your broker or financial institution. You must enter relevant information for KYC (Know Your Customer) process. You will also need a valid PAN number.
To participate in the IPO, you will need an ASBA (Automatic Self-Signal) process and a UPI ID. You can generate your own UPI ID or refer to an approved UPI handle list. After completing these steps, you will be ready to participate in the IPO. Don’t forget to update your UPI ID regularly. This is an essential step.