LIC IPO have 10% reservation of 22,137,492 equity shares for eligible policyholders. Eligible Policyholders can place a maximum bid amount of upto Rs. 200,000(net of policyholders discount) under the LIC IPO Policyholder Reservation Portion. They are also allowed to apply in the retail category with a maximum bid amount of Rs. 200,000 thus, LIC Policyholders can place 2 application with a maximum bid amount of Rs. 2 lakh + Rs. 2 Lakh = Rs. 4 Lakh. Policyholders can apply to the LIC IPO at the cut-off price and the bid amount will be the cap price.
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