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Open Demat Account for LIC IPO

Open Demat Account for LIC IPO 2023

LIC IPO (Life Insurance Corporation) is going to be the India's largest IPO coming in Q1 of 2023. LIC IPO has reserved special quota for Policyholders. To apply and participate in LIC IPO, you need to have demat account. We have listed below best demat account for LIC IPO.

To Open a demat account you have 2 choices:

  • Demat and Trading Account: Demat and Trading accounts are two different entities. However both are linked togther. To apply in IPO you must have Demat account, trading account is an optional. But to sell allocated shares, you must have a trading account. Trading account can be opened by SEBI registered brokers, where demat account comes under CDSL and/or NSDL. ONly demat account can be open with any financial institutes like Banks or NBFCs.
  • Only Demat Account: This is good if you just want to invest for long term. One can open only demat account with registered banks. But with this you can't sell your stock. To sell your holding you need a Trading account.

Open Demat Account for LIC IPO 2023

Broker IPO Application Account Opening Demat Account Opening Demat AMC Review Request Callback
ZerodhaFreeOnline Rs 200 (Eq+Curr), Rs 300 (Eq+Curr+Com)FreeRs 300 PAZerodha ReviewOpen Account
UpstoxFreePromotion offer: FreeFreeFreeUpstox ReviewOpen Account
NuvamaFreeFreeFreeLite:Rs.300, Elite:Rs.500p.a. [Free 1st Year]Nuvama ReviewOpen Account
Angel OneFreeFreeFreeRs 240 PA (Waived for 1st year)Angel One ReviewOpen Account
FyersFreeFreeFreeFreeFyers ReviewOpen Account
  • Ranked #1 Broker in India(5*)
  • Get 100% Free Delivery Trading
  • Risk Free Account Opening
  • ProStocksFreeFreeFreeRs 0 (Rs 1000 Refundable Deposit)ProStocks ReviewOpen Account
    Paytm MoneyFreeFreeFreeFreePaytm Money ReviewOpen Account
    Alice BlueFreeFreeFreeRs 400 PAAlice Blue ReviewOpen Account
    5paisaFreeFreeFreeRs 300 PA5paisa ReviewOpen Account
    IIFL SecuritiesFreeFreeFreeRs 250 PA (Free for 1st year)IIFL Securities ReviewOpen Account

    Steps to Open Online Demat Account for LIC IPO:

    Online account opening is very easy process with the use of technology. You can complete your account opening process online in just 15 mins. Follow below given steps to open your new demat and trading account with best brokers in India.

    • Select broker from above list.
    • Register with your primary mobile number (Linked with your Aadhar Number).
    • Enter OTP.
    • Follow the process to complete online application.
    • Submit online documents – PAN Copy, Bank Statement, Canceled Check, Aadhar Card, Signature
    • Complete online KYC process.
    • Wait for account verification process to complete by broker.

    Open Demat Account for LIC IPO - Final Verdict

    LIC is coming with public offering. Employees and Policyholders have special quota for LIC IPO. All LIC policyholder can open a demat and trading account to participate in India's biggest IPO. Zerodha, Upstox, Prostocks, Angel Broking, 5Paisa, Edelweiss, Fyers and all above listed brokers offering Free Demat account. Open your demat account now and get ready for LIC IPO today with SEBI Registered brokers.

    Open your account with most trusted brokers in the industry.

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    User Reviews

    1. Abhishek Gulati Feb 14 2022 12:38:02 PM Reply
    Thanks, Sir, Nice article and good info on one page. I opened my account today. Its very easy and simple process.