Check LIC IPO GMP today; it’s also the last day to register! Do it online this way

The bidding process for LIC IPO is closing today. Investors who have not yet applied for the IPO can do so online. Check out the process and the latest LIC IPO GMP today here.

LIC IPO GMP Today: The Life Insurance Corporation of India (LIC) Initial Public Offering (IPO) bidding process ends today. Yes, the last day to register for LIC’s IPO is today – Monday, May 9, 2022. Investors and bidders who have not yet registered for the public offering can do so online through Paytm, Groww, Upstox, among others. According to the information provided by livemint.com, market observers have said that LIC IPO GMP today is Rs. 36, which is Rs. 24 lower than yesterday’s GMP of Rs. 60.

LIC IPO: Subscription Status

On Day 5: On Sunday, the 5th day of the bidding process, the shares of the issue of ₹21,000 crore were subscribed for 1.79 times. The portion reserved for qualified institutions (QIB) was subscribed 0.67 times, non-institutional buyers 1.24 times, retail investors 1.59 times, employees 3.79 times and policyholders 5.04 times.

On Day 4: On the 4th day of the bidding process, the issue was subscribed to 1.66 times. The portion reserved for Qualified Institutions (QIB) was subscribed 0.67 times, non-institutional buyers 1.08 times, Retail Investors 1.46 times, Employees 3.54 times and Policyholders 4.67 times.

On Day 3: On the third day of the bidding process, the public issue was subscribed to 1.38 times. The portion reserved for Qualified Institutions (QIB) was subscribed for 0.56 times, 0.76 times for Non-institutional Buyers and 1.23 times for Private Investors.

On Day 2: On Day 2, the issue was subscribed to 1.03 times. The portion reserved for Qualified Institutions (QIB) was subscribed 0.40 times, Non-institutional Buyers 0.47 times and Retail Investors 0.93 times.

On Day 1: On Day 1, the shares of the LIC IPO were subscribed 0.67 times. The portion reserved for Qualified Institutions (QIB) was subscribed 0.33 times, for Non-institutional Buyers 0.27 times and for Retail Investors 0.60 times.

How to bid online for LIC IPO through Paytm

1. In the ‘My Paytm’ section of the Paytm app, users can find the ‘Paytm Money’ option on the right side.

2. Existing users can go to the IPO section on the Paytm Money home screen. Although users who are not registered with Paytm Money can get KYC verified in a few easy steps and proceed to the IPO application step.

3. The LIC IPO option will be available in the ‘Current & Upcoming’ tab within IPOs.

4. Once you click on the option, you will see the ‘Apply Now’ button which will take you to the bidding page. This page allows you to update the price and quantity for your application.

5. Update your UPI ID in the ‘Add UPI details’ section and click ‘Apply’.

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