The Lakshya Powertech IPO allotment is set to be announced today after receiving an overwhelming subscription of 573.36 times last week. Investors can expect shares to be credited to their demat accounts by October 22, while refunds for unsuccessful applicants will also be processed on the same day.
Lakshya Powertech IPO Allotment Status: Expected Today After Record Subscription
as per trusted stock market news website livemint The highly anticipated Lakshya Powertech IPO allotment is set to be finalized today, following the subscription period that closed last week.
This ₹49.91 crore IPO, which was open for subscription from October 16 to October 18, attracted an impressive 573.36 times the number of bids. Notably, the non-institutional buyer category recorded the highest subscription rate at 1,117.75 times, followed closely by the retail category at 590.26 times, and the qualified institutional buyers’ category at 212.18 times.
Given the overwhelming demand for the Lakshya Powertech IPO allotment, shares will be allocated on a proportional basis to retail investors. Investors can expect their Lakshya Powertech shares to be credited to their demat accounts on Tuesday, October 22. Additionally, refunds for those who did not receive an allotment will also be processed on the same day.
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The SME offer was priced in the range of ₹171 to ₹180 per share, with a minimum lot size of 800 shares.
The SME offer was priced in the range of ₹171 to ₹180 per share, with a minimum lot size of 800 shares.
Step-by-Step Guide: How to Check Allotment Status for Lakshya Powertech IPO allotment
Investors can easily check the allotment status for the Lakshya Powertech IPO through the BSE website or the issue’s registrar, KFinTech. Here’s how to do it:
Checking Allotment Status on KFintech
- Visit KFintech’s Website
Go to the KFintech homepage. - Select ‘Lakshya Powertech Limited’
Look for the option related to Lakshya Powertech in the IPO section. - Choose Your Reference Method
Select one of the three options: Application No., Demat Account, or PAN. - Enter Your Application Number
Input your unique application number. - Fill in the Captcha
Complete the captcha verification to proceed. - Click on the ‘Submit’ Button
Hit the submit button to view your allotment status.
Your Lakshya Powertech IPO allotment status will be displayed on your screen.
Checking Allotment Status on NSE
- Visit the NSE Website
Go to the National Stock Exchange (NSE) website. - Navigate to the IPO Allotment Status Page
Find the section dedicated to checking IPO allotment statuses. - Log In
Enter your username and password to access your account. - Select Lakshya Powertech from the Dropdown
From the list of companies, choose Lakshya Powertech. - Verify Your PAN Details
Input your PAN information for verification. - Enter Your IPO Application Number
Provide your application number. - Click the ‘Submit’ Button
Press submit to view your allotment status.
Lakshya Powertech IPO GMP (Grey Market Premium)
The Grey Market Premium (GMP) for the Lakshya Powertech IPO indicates a strong expected listing for this SME issue. According to data from InvestorGain, the company is currently commanding a premium of ₹190 per share in the grey market, compared to the IPO price of ₹180. This suggests that Lakshya Powertech shares could potentially list at ₹370, reflecting a premium of 105.56%. This presents a promising opportunity for investors looking for multibagger gains.
