Open Demat Account for LIC IPO

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	Request Callback
Zerodha	Free	Online Rs 200 (Eq+Curr), Rs 300 (Eq+Curr+Com)	Free	Rs 300 PA	Open Account
Upstox	Free	Promotion offer: Free	Free	Free	Open Account
Nuvama	Free	Free	Free	Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year]	Open Account
Angel One	Free	Free	Free	Rs 240 PA (Waived for 1st year)	Open Account
Fyers	Free	Free	Free	Free	Open Account
Zerodha Free Demat Account *Ranked #1 Broker in India(5) Get 100% Free Delivery Trading Risk Free Account Opening Open Demat Account**
ProStocks	Free	Free	Free	Rs 0 (Rs 1000 Refundable Deposit)	Open Account
Paytm Money	Free	Free	Free	Free	Open Account
Alice Blue	Free	Free	Free	Rs 400 PA	Open Account
5paisa	Free	Free	Free	Rs 300 PA	Open Account
IIFL Securities	Free	Free	Free	Rs 250 PA (Free for 1st year)	Open 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.

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.

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Open Demat Account