02-07-2022 05:33 PM | Source: PR Agency
Quote on LIC IPO By Arijit Malakar, Ashika Group
News By Tags | #5621 #607 #442 #266

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel


Download Telegram App before Joining the Channel

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