Powered by: Motilal Oswal
7/02/2022 5:33:48 PM | Source: PR Agency
Quote on LIC IPO By Arijit Malakar, Ashika Group
News By Tags | #5621 #607 #442 #266
Quote on LIC IPO By Arijit Malakar, Ashika Group

Below Is quote on LIC IPO By Arijit Malakar, Head of Retail Equity Research, Ashika Group

We are anticipating the momentum in the opening of new retail broking accounts to get a boost on observing the interest that the LIC IPO is generating. 25 crore LIC policyholders and eight crore Demat accounts are currently present in India. With the government's decision to reserve 10% of the total issue for policyholders, we are expecting some discount to the issue price for policyholders.  Most importantly, policyholders will need to update their PAN number on the LIC website and link it to their policy number. There will also be a need to open a Demat account to ensure that LIC shares are credited into their accounts.

 

Above views are of the author and not of the website kindly read disclaimer

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here