LIC IPO: Why policyholders, employees apply for maximum lots — explained
LIC IPO: The First Public Offering (IPO) insurance policy is open for registration yesterday and will remain open for registration until 9 May 2022.
As potential tenderers are busy checking the funds of India’s Life Insurance Corporation (LIC), analysts have advised LIC policyholders. and the category of applicants to apply for the highest possible lot.
It is important for the registrars of the designated phase to select the policy owner and staff prior to the sale phase as the allotment of shares will be done by lot and in the specified phase, it will be done equally.
They said the chances of getting shares in the share were higher in the target category compared to the requests in the trading phase.
Commenting on why the LIC IPO applicant should choose a reserved category before the sales phase, Avinash Gorakshkar, Head of Research at Profitmart Securities said, In the allocation process, applicants in the trading category will receive a lot of shares or a minimum of 15 LIC shares if their application is successful. we were made by lot. ”
Avinash Gorakshkar of Profitmart Securities said one should cast as many votes as possible if they fall under the category of LIC policyholder and category of employees. by doing this, they will be able to improve their chances of acquiring more LIC shares.
Consistent with the views of Avinash Gorakshkar, Anuj Gupta, Vice President – Research at IIFL
Securities said, Apart from this, the applicant must apply for as many as he or she can afford as the additional lot in the specified category means an additional allocation during the share-sharing process. sharing or anything. ”
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