Apply for LIC IPO through Groww via BHIM UPI ID

Life Insurance Corporation (LIC) has set its price band for the Initial Public Offer (IPO) at ₹902 to ₹949 per equity share. LIC IPO is expected to raise ₹20,557.23 cr. This is much lower than the earlier projection of about ₹60,000 cr. Here’s how to apply for LIC IPO through Groww.

You can apply for LIC IPO through Groww app and website. To apply, first login using your credentials. (REUTERS)

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1/5 You can apply for LIC IPO through Groww app and website. To apply, first login using your credentials. (REUTERS)

Click on the IPO tab on the main screen. You will see a list of IPOS that are open, that have been recently closed, Upcoming IPOs and recently listed stocks. You will see a list of IPOs under the open now section. IPOs that have pre-apply facilities will also be listed here. (Pixabay)

2/5 Click on the IPO tab on the main screen. You will see a list of IPOS that are open, that have been recently closed, Upcoming IPOs and recently listed stocks. You will see a list of IPOs under the open now section. IPOs that have pre-apply facilities will also be listed here. (Pixabay)

Select the IPO you want to apply for. Two options will now be visible, the number of shares you wish to bid for and the bid price. The number of shares can be in the multiples of the minimum lot size of the IPO Le, which is the minimum limit of shares one needs to apply for that particular IPO. For the price, you can choose to bid at the cutoff price or you can choose any amount in the price range of the IPO. (Pixabay )

3/5 Select the IPO you want to apply for. Two options will now be visible, the number of shares you wish to bid for and the bid price. The number of shares can be in the multiples of the minimum lot size of the IPO Le, which is the minimum limit of shares one needs to apply for that particular IPO. For the price, you can choose to bid at the cutoff price or you can choose any amount in the price range of the IPO. (Pixabay )

Next, enter your BHIM UPI ID. Make sure the UPI ID you’re using is mapped to your own account as any IPO application that is linked to a different account than the one user is applying with is liable for rejection. (HT File Photo)

4/5 Next, enter your BHIM UPI ID. Make sure the UPI ID you’re using is mapped to your own account as any IPO application that is linked to a different account than the one user is applying with is liable for rejection. (HT File Photo)

You will receive a mandate request within 24 hours on your UPI app. Approve the payment and your application would be complete. (Pixabay)

5/5 You will receive a mandate request within 24 hours on your UPI app. Approve the payment and your application would be complete. (Pixabay)