The initial public offering of LIC (Life Insurance Corporation) is going to be the biggest one that India has ever witnessed so far. Several individuals across the nation have bought policies from this company just to be eligible to participate in this event. With such hype and enthusiasm among investors, one should be aware of every possible hack to increase his or her chances of share allotment in this blockbuster event.
Investors from the entire nation and abroad are eagerly waiting for this mega IPO to go live. So, here are some useful tips to help you increase your chances of share allotment in this initial share sale.
You can use accounts of your friends and family to place multiple bids in this much-awaited public issue of LIC. Creating a de-mat account is free and seamless with .
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Please note you cannot apply to LIC IPO with the same PAN via different broker accounts, all such orders will be rejected
The allotment procedure of SEBI gives equal preference to all the retail investors subscribing to an IPO. So, placing small bids from multiple accounts instead of going for big bids using a single account vastly increases your chances of share allotment. Opting for smaller bids in this public issue will help you invest the remaining money in other IPOs as well.
If you have already decided to subscribe to the LIC IPO, do it as soon as it goes live. Applications at the eleventh hour are often unsuccessful due to a lack of response from the bank’s end. Several reasons like high QIB and HNI subscriptions and technical issues can prevent banks from acknowledging your application at the last moment. So, try to apply for the IPO in the first two days.
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A cut-off price in an initial public offering is the upper limit of the price band set by the company. Hyped IPOs like the one from LIC often end up oversubscribed, which means that everyone has bid for shares at the cut-off price. If you bid at a price lower than that in such a scenario, your chances of securing an allotment are next to zero. You should also know that the company refunds the excess amount if the price is lower.
You have waited long enough for this mega IPO of LIC. So, don’t rush and commit any errors while filling out the application form for this public issue. Fill in all the details like name, amount, bank details, DP ID, etc., correctly. In this regard, one can also opt for printed forms to minimize the chances of any error. However, the simplest and most secure method of applying for this IPO is via ASBA.
Your chances of securing an allotment of shares in the LIC IPO are significantly higher if you are an employee of this company. The largest insurer in India has reserved 1.58 crore shares for its employees. In addition, an employee of LIC can subscribe to this mega IPO via the retail category if he or she fulfills the eligibility parameters.
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LIC has additionally reserved 3.16 crore equity shares in this much-awaited public issue for its 26 crore policyholders. So, you have a higher chance of share allotment in this initial share sale if you hold a valid policy from this insurer. A policyholder who is also an employee of LIC can apply through the employee and retail category as well. However, only individuals who have Demat accounts and have linked their PAN to their policy are eligible to subscribe to this initial public offering.
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Experts believe that such hype and enthusiasm among native as well as foreign investors will likely lead to an oversubscription of the LIC IPO. Oversubscriptions often come with listing gains. However, securing an allotment of shares also becomes more difficult in such cases. Hence, individuals can go through the tips mentioned above to increase their chances of share allotment in this much-awaited initial public offering of LIC.
Individuals who are willing to make investments in the future can also open a Demat account with Angel One (website/app) instantly through an easy and streamlined procedure. They can also check the Angel One blogs section for more updates on the stock market, IPO and business news.
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The book-running lead managers for this initial public offering of LIC are Axis Capital, Kotak Mahindra Capital Company, BofA Securities, Nomura Financial Advisory, Citigroup Global Markets, ICICI Securities, Goldman Sachs (India) Securities, JP Morgan India Private Limited, SBI Capital Markets, and JM Financial.
Applications made in the Retail category and Non- Institutional category would be considered as multiple Bids and both the Bids will be rejected.
This blog is exclusively for educational purposes and does not provide any advice/tips on investment or recommend buying and selling any stock.
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Please note that by submitting the above mentioned details, you are authorizing us to Call/SMS you even though you may be registered under DND. We shall Call/SMS you for a period of 12 months.Playing the lottery can be fun, but not if you spend much money and get nothing in return. People are frequently looking for magic ‘tricks’ in order to ensure they win at least something. However, there is no tip that will guarantee you that you win the jackpot or even a lower-tier prize. After all, lotteries are purely a game of chance. This does not imply you can’t increase your chances of hitting the jackpot though; there are several easy suggestions you can try to improve your odds.
In this article, you will find some of the most important tips. Choosing the right lotteries, picking the same numbers and not using consecutive numbers, betting more than once, setting a budget, joining a syndicate – all those might be simple, but they can be very effective. Read on to learn more about them – and hopefully, your dreams of hitting the jackpot will come true.
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Lottery tickets are usually quite affordable – so it might be very tempting to buy a few of them each week. Now, if you don’t really care whether you’ll spend $2 or $6 on lottery tickets, the easiest way to increase your odds of winning – you guessed it right – is to buy more lottery tickets. This way, if one of them misses, you will still have some others as backup! You might also want to consider buying different tickets from different lotteries as well – again, this will allow for more chances of hitting a prize! On the downside, you’ll end up spending more money, but if it’s the fun that you are after, it might be a viable option.
There is no proof that this method works, but many people swear by it. There are different theories about this, but many people believe that you are more likely to win if you use the same numbers over and over again. It is certainly worth a try! You can pick numbers that have some significance to you – this way, the chances of picking the same numbers will increase. Then, you should be patient! If your number does not come up for a while, don’t let it get you down! Just keep playing and who knows, perhaps one day you will be extremely lucky. And until then, remember to check the latest lottery winning numbers on a regular basis.
This is a simple but according to some people – a highly effective tip. A lot of people choose consecutive numbers because they think it will make it more probable that they win at least some money. However, this is not the case at all! Since lotteries are random, there is no pattern or logic to them – so your consecutive numbers are just as likely to be picked as any other random ones.
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The only exception to this rule is if your choice of consecutive number has meaning to you – e.g., the day you were born or your wedding anniversary date. Then it can be worth considering! Otherwise, it is recommended that you mix up your choices and pick at least one number that is apart from the rest of them!
Sometimes people start believing their luck has run out – and on top of that, it is just getting expensive to keep playing. The easiest way to avoid this problem is to join a syndicate. A syndicate is a group of people who pool their money together. If everyone puts in $10 per week, then if one coupon wins $1000 everyone else gets their share! It is also much easier to stay motivated when you are part of a group – especially if you end up winning every now and then!
First of all, if you live in a country where you can participate in lotteries run by the government (such as the US or the UK), then you should stick to those. They are usually more
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