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Monday, May 23, 2022

Invest in LIC IPO through SBI’s YONO app, know the easy way

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LIC IPO investment through SBI YONO: The IPO of Life Insurance Corporation of India, the country’s largest insurance company, has arrived. This IPO is going to open on 4th May, for which you can apply till 9th ​​May. The market for LIC IPO is very buzzy. Many experts believe that investing money in LIC can be a profitable deal. To invest money in LIC’s IPO, you need to have a demat account.

The country’s largest public sector bank i.e. State Bank of India allows its customers to open Demat Account in SBI. You can open a demat account through SBI’s Mobile Banking App. Along with this, you can also apply for IPO (LIC IPO) through this app. If you are also planning to invest in LIC IPO opening from May 4, then SBI is telling you about how to apply in IPO through YONO-

Bank gave information by tweeting
State Bank of India has shared an information by sharing a tweet from its official Twitter handle. The bank has told that you can easily invest in IPO through SBI’s YONO also. Customers have to follow some simple process to invest in IPO.

How to invest through SBI YONO-
Let us inform that the bank has told its customers that to invest in SBI IPO, SBI customers first open their SBI YONO app. After login, you click on the Investment option. After this you will have to open Demat and Trading Account here. You can easily invest in LIC IPO after opening a demat and trading account. For the convenience of the customers, the bank does not charge any fee for opening this account.

when is ipo opening
Let us tell you that the IPO of LIC is opening from May 4. After this you can invest in it till 9th ​​May 2022. IPO was opened for anchor investors from 2 May 2022. Through this IPO, the government is selling its 3.5 percent stake in LIC. For this IPO, the government is selling 22.10 crore equity shares.

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