LIC IPO Advertisement Says Open Demat Account On Common Service Centres

In the latest update in LIC IPO, today the corporation has released an advertisement in newspapers regarding the Initial Public Offering (IPO) which is scheduled to launch in March launch as per reports. The advertisement says that people without Demat accounts will now be able to open accounts at Common Service Center. In addition, the advertisement says the investors can visit NSDL or CSDL websites to open a Demat account.

Advertisement also says, Life insurance policyholders with one or more policies on the DRHP filing date, February 13, 2022, are entitled to receive the quota benefit.

The LIC has submitted the Draft Red Herring Prospectus (DHRP), setting the way for the year's most anticipated public offering. Life insurance policyholders who have one or more policies on the DRHP filing date, February 13, 2022, would be able to receive the quota benefit, where 10% of the total LIC India share offer has been earmarked for LIC policyholders. The market, on the other hand, is buzzing about the reduction that LIC of India may offer for policyholders.

According to the DRHP, the LIC has urged all of its policyholders to amend their Permanent Account Number (PAN) data in their policy record by February 28 to participate in its impending public issue.