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Last date to link LIC Policy-PAN for discounted IPO shares is February 28: Here’s how to link documents | Personal Finance News

New Delhi: The Life Insurance Corporation (LIC) of India’s first public offering is likely to hit public markets in March 2022. The offer is pegged to be the largest IPO ever in the history of Indian markets. , much larger than Paytm and Coal IPO of India. LIC IPO may open for subscriptions on March 11, 2022, for issue investors, according to several media reports. Other investors, such as retail investors, will be able to subscribe to the LIC IPO in the next few days.

LIC also offers discounts on IPO shares to its policy owners. The plaintiff noted that policy holders need to connect their PAN cards to become eligible for search on LIC IPO shares.

“Our Company policy manager will ensure that your PAN details are updated in our Company policy records early. A policy user who does not update his PAN details with our Company prior to the expiration of two weeks from the date of submission of Draft Red Herring Prospectus with SEBI (ie, through February 28, 2022) will not be accepted as Policy Manager, ”LIC say in a statement.

Going forward with its IPO, LIC filed a Draft Red Herring Prospectus (DRHP) with SEBI earlier this month. DRHP, which filed the lawsuit against the IPO, outlined company details and growth expectations.

LIC is likely to sell five per cent equity stake owned by the Indian government with an IPO. Employees working at LIC will also receive IPO shares at a discounted rate.

How to connect a PAN card with LIC policy:

Step 1: First, you need to visit the official LIC website, www.licindia.in

Step 2: Go to the ‘Register Pane Online’ option.

Step 3: Select the ‘Continue’ option.

Step 4: Share your email ID, pane number, cell phone number and policy number

Step 5: Complete the Captcha certificate.

Step 6: Select the ‘Accept OTP’ button.

Step &: Enter OTP.

Step 7: Click on ‘Add’ option. Also Read: LIC’s $ 8 Billion IPO Launched March 3: All You Need to Know

Step 8: A message for the success of the PAN link process will appear on the screen. Also Read: LIC IPO open today? 10 important things to know

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