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How to buy LIC IPO?

Anyone who is interested can buy LIC IPO through either ASBA means net banking or UPI process as per their choice. Here’re the process about how to purchase LIC IPO through both the methods.

Apply LIC IPO online via ASBA process

Login to the net banking with your respective bank i.e. ICICI, HDFC, SBI, etc.
On the menu, go to the “IPO” option.
It will redirect you to the IPO Application page.
Select the LIC IPO option and enter bid details like lot size, cut office price, etc.
Confirm the LIC IPO Application order means you have successfully applied LIC IPO.

Alternatively, if you have a demat account with any broker like Zerodha, Upstox, 5paisa, etc. then you can subscribe LIC IPO through UPI process.

Apply LIC IPO via UPI process

Create a one-time UPI ID on UPI 2.0 app.
Go to your brokers trading platform and login with your account.
Click on the “IPO” option in the portfolio menu.
Here, a list of open IPOs will be available, to subscribe LIC, click on the LIC IPO option.
Enter the IPO lot size, IPO bid price, and other details and confirm the same.
You will get a notification on your UPI app, accept the mandate request that will allow blocking your money.
Once done, you’ve successfully subscribed the LIC IPO.

Answered on 2020-08-10

1

Zerodha Trade@20

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