Broking and securities firm, Religare Broking Limited (RBL) has launched the pre-application for the upcoming Initial Public Offering (IPO) of LIC. RBL launched the application to facilitate the participation of interested buyers in the IPO.
By pre-applying the LIC IPO App, a user can open a zero brokerage, free Religare Broking Demat account and pre-apply for the upcoming IPO. Apart from this, those who sign up for the application will get all the information related to the IPO like company name, issue date, offer price, description, issue size, market lot etc.
“Religare Broking is making it easier for first time traders and investors to participate in the capital markets. It is going to act as a one-point investment app for those who want to invest in LIC shares but do not know where to start,” said Nitin Agarwal, CEO, Religare Broking in a press release. said.
Agarwal mentioned the benefits, such as opening a demat account in easy steps and getting notified of all developments in IPOs on your notification panel.
To register on the Religare application, users need to fill in the required details like name, email and mobile number. After this, users will get all the notifications, SMS and email communication as soon as the IPO is launched for the public. Religare is also offering many benefits on registration. The range of benefits includes free brokerage for the first month, Rs 10,000 discount, free AMC with full-service broking benefits like reports and views and 1 paisa brokerage across all segments.
“We have created the Religare Pre-Apply LIC IPO App to help investors seamlessly invest in the upcoming IPO. Innovation and customer satisfaction are our top priorities, and we will continue to create solutions to improve customer experience,” said Gurpreet Sidana, COO, Religare Broking.
Ever since LIC announced its intention to launch its IPO, investors are worried about a stake in India’s largest life insurance company. The IPO is even more attractive for the over 29 crore policyholders of the National Insurance Company, who will get the benefits and preference over the shares in the IPO.
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