LIC IPO GMP today: From subscription status to other details- All you need to know

LIC IPO GMP today: The public issue is open for subscription today. Investors can check the latest LIC IPO GMP, subscription status and other details here.

LIC IPO GMP today: Here is all you need to know about LIC IPO. (Reuters)

LIC IPO GMP today: The last day to apply for the initial public offer (IPO) of the Life Insurance Corporation of India (LIC), biggest public offer in India is near. Yes, the bidding process for LIC IPO will conclude on Monday, May 9, 2022. Investors and bidders have a chance to apply to the public offering today, Sunday (May 8). Today being the 5th day of the bidding process, investors can apply for the LIC IPO online via Paytm, Groww, Upstox, among others. According to the information provided by ipowatch.in2, LIC IPO GMP was at Rs. 60 on Saturday, May 7 against Rs. 50 on May 6.

LIC IPO: Subscription status

On Day 4: The shares of the ₹21,000-crore issue were subscribed 1.66 times on the 4th day of the bidding process. The portion reserved for Qualified Institutions (QIB) was subscribed 0.67 times, Non-institutional Buyers 1.08 times, Retail Investors 1.46 times, Employees 3.54 times, and Policyholders 4.67 times.

On Day 3: On the third day of the bidding process, the public issue was subscribed 1.38 times. The portion reserved for Qualified Institutions (QIB) was subscribed 0.56 times, Non-institutional Buyers 0.76 times, and Retail Investors 1.23 times.

On Day 2: The issue was subscribed 1.03 times on day 2. The portion reserved for Qualified Institutions (QIB) was subscribed 0.40 times, Non-institutional Buyers 0.47 times, and Retail Investors 0.93 times.

On Day 1: The shares of the LIC IPO were subscribed 0.67 times on day 1. The portion reserved for Qualified Institutions (QIB) was subscribed 0.33 times, Non-institutional Buyers 0.27 times, and Retail Investors 0.60 times.

Meanwhile investors who will be applying for the offering today (day 5 of the bidding process) can know that the price band of the LIC IPO has been fixed between Rs. 902 and Rs. 947 per equity share. Retail Individual and Eligible Employee Category are being provided a discount of Rs. 45 per equity share and Rs. 60 equity share to Eligible PolicyHolder Category.

Also the State Bank of India (SBI) on Saturday shared some tips which can be used by the investors to reduce the chances of getting their LIC IPO application rejected. Here are the things you need to keep in mind while applying for LIC IPO through UPI:

1. Ensure that there is sufficient balance in your bank account.

2. Ensure that you have entered the correct UPI ID and UPI PIN.

3. Ensure that the PAN in the IPO Application and PAN linked to your bank account are the same.

4. Approve the IPO mandate request through your UPI App.

5. Check your phone for IPO related SMS.

Here are some tips to reduce the chances of getting your LIC IPO application rejected.
#SBI #IPO #LIC #Tips pic.twitter.com/Ba1gmf07Z2

— State Bank of India (@TheOfficialSBI) May 7, 2022

Here is how you can apply for the LIC IPO online:

How to bid for LIC IPO online via Paytm

Time	Tools	Supplies
15 Minutes	Smartphone	Internet

Step 1:

Within the ‘My Paytm’ section of the Paytm app, users will be able to find the ‘Paytm Money’ option on the right.

Step 2:

Existing users can go to the IPO section on Paytm Money’s home screen. While Users not registered with Paytm Money can get KYC verified in a few easy steps and proceed to the IPO application step.

Step 3:

The LIC IPO option will be available in the ‘Current & Upcoming’ tab within IPOs.

Step 4:

Once you click on the option you will see the ‘Apply now’ button which will take you to the bid page. On this page, you can update the price and quantity for your application.

Step 5:

In the ‘Add UPI Details’ section, update your UPI ID and click on ‘Apply’.