Since Lakshya Powertech’s IPO closed for subscriptions last week, attention has turned to the company’s allocation status. Today is anticipated to see the finalisation of Lakshya Powertech’s IPO allocation.
During the October 16–18 subscription period, the ₹49.91 crore IPO received an incredible 573.36 times offers. With 1,117.75 subscriptions, the non-institutional buyer group had the highest number, followed by the retail sector (590.26 subscriptions) and the qualified institutional buyers category (212.18 subscriptions).
Shares will be distributed proportionately to individual investors due to the IPO’s tremendous demand. On Tuesday, October 22, Lakshya Powertech shares will be credited to investors’ demat accounts. That same day, investors who did not receive an allocation will also receive their refund.
The SME offer had a minimum lot size of 800 shares and was priced between ₹171 and ₹180 per share.
Detailed instructions for determining the status of allocations
Investors can visit the BSE website or the issue registrar, KFinTech, to view the allotment status for the Lakshya Powertech IPO.
- Go straight to KFintech to check the status of Lakshya Powertech’s IPO allocation.
- Choose ‘Lakshya Powertech Limited’.
- Choose amongst the three: PAN, Demat Account, or Application No.
- Type in your application number.
- Type in the Captcha
- Press the “Submit” button.
Your screen will display your Lakshya Powertech IPO allotment status.
The NSE’s Lakshya Powertech IPO Allotment Status
Go to the IPO allotment status page on the NSE website.
Enter your username and password to log in.
Choose Lakshya Powertech from the list of businesses’ dropdown menu.
Check your PAN information.
Put in your IPO application number.
To check the status of your allocation, click the “Submit” button.
GMP for Lakshya Powertech’s IPO
A good listing for the SME issue is shown by the grey market premium, or GMP, for the Lakshya Powertech IPO. According to statistics from InvestorGain, the firm is selling for 190 naira per on the grey market, which is more than the IPO price of 180 naira. Accordingly, Lakshya Powertech shares may list at ₹370, which is 105.56 percent higher than the market value, potentially providing investors with multibagger returns.
