LIC IPO: From demat account opening to subscription, guide for first time investors
India Today
Those who are willing to participate in the subscription process of LIC's IPO, must open a demat account. Apart from this, they should also know the process of subscribing to an IPO.
Life Insurance Corporation of India's (LIC) initial public offering (IPO) is all set to be opened for subscription on May 4. The government is aiming to raise around Rs 21,000 crore, making it India's biggest IPO. The government is looking to divest its 3.5 per cent stake in the insurer by selling 22.13 crore shares through an offer-for-sale (OFS) route.
It is expected that there will be a lot of investors who don't have prior experience of parking money in an IPO. They will look to participate in the subscription process perhaps for the first time.
Those who are willing to participate in the subscription process of LIC's IPO, must open a demat account. Apart from this, they should also know the process of subscribing to an IPO.
- Dematerialisation account or popularly known as Demat account is essential for any investor who wants to make investment in stocks.
- Investors need to select a broker through which they want to open a demat account.
- The broker can be online banks, digital investment platforms or stockbrokers.
- Once the broker is selected, the investors need to visit the broker's website before initiating the demat account opening process.
