LIC IPO PAN Link: If you want to invest in the IPO of the country’s largest insurance company LIC, then this is important news for you. Immediately link your PAN number with your LIC policy, then only you will be eligible to apply for LIC’s IPO in the reserved category for policyholders. LIC has now asked its policyholders to ‘update’ their Permanent Account Number (PAN) to participate in its proposed IPO.
LIC issued statement
LIC said in a statement that ‘to participate in any such public issue, policyholders will have to confirm that their PAN details are updated in the company’s records. To book or subscribe to any public issue in the country, you must have a valid demat account and this is applicable for LIC’s IPO as well.
LIC has also said in its statement that LIC is informing policyholders about updating their PAN through advertisement. This is being done because it is very important from the ‘Know Your Customer’ (KYC) point of view to participate in the proposed IPO.
When will LIC’s IPO come?
LIC’s IPO will be launched between January and March, the last quarter of the financial year 2021-22. The government plans to sell 10 percent stake in LIC through IPO. LIC’s IPO dates may be announced in the new year,
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