The Lakshya Powertech Initial Public Offering (IPO) recently closed for subscription, and investors are now eager to find out if they have been allotted shares. In this article, we’ll guide you through checking your Lakshya Powertech IPO allotment status, provide key details about the IPO, and offer insights into the company’s Grey Market Premium (GMP) and listing expectations.
Key Details of the Lakshya Powertech IPO
The Lakshya Powertech IPO was open for subscription from October 16 to October 18, raising a total of ₹49.91 crore. The IPO received an overwhelming response from investors, with an impressive 573.36 times subscription overall. The demand was particularly strong among non-institutional buyers, who subscribed 1,117.75 times, followed by retail investors with 590.26 times, and qualified institutional buyers with 212.18 times.
The shares were priced between ₹171 and ₹180 per share, with a minimum lot size of 800 shares. Given the high subscription, the allotment of shares will be done on a proportional basis, particularly for retail investors.
How to Verify the Allotment Status of Lakshya Powertech IPO
Investors who applied for the Lakshya Powertech IPO can check their allotment status online through two methods: by visiting the website of the registrar, KFinTech, or through the BSE website. Below are the steps for both methods:
1. Checking Allotment Status on KFinTech
KFinTech is the registrar for the Lakshya Powertech IPO, responsible for handling the allotment process. To verify your allotment status, follow these steps:
- Visit the KFinTech website.
- Select ‘Lakshya Powertech Limited’ from the dropdown list of IPOs.
- Choose one of three options to proceed: Application Number, Demat Account, or PAN.
- Enter your details (such as your Application Number or PAN).
- Type the Captcha code shown on the screen.
- Click the Submit button.
Once submitted, your allotment status will appear on the screen.
2. Checking Allotment Status on BSE
You can also check your allotment status via the BSE website. Follow these steps:
- Visit the BSE website.
- Navigate to the IPO allotment status page.
- Select ‘Lakshya Powertech’ from the list of available IPOs.
- Enter your PAN details and IPO application number.
- Click the Submit button to view your allotment status.
Make sure you have your application details handy before you start the process.
Once the allotment process is complete, those who have been allotted shares will have them credited to their Demat accounts by Tuesday, October 22. If you didn’t receive an allotment, you’ll receive a refund on the same day.
The next big event for investors is the listing of Lakshya Powertech shares on the stock exchange, which is scheduled for Wednesday, October 23. Keep an eye on the company’s official announcements or the stock exchange for the exact listing time.
The Grey Market Premium (GMP) is a strong indicator of how an IPO might perform once it lists on the stock exchange. For Lakshya Powertech, the GMP has been very promising, signaling a strong debut. As per recent reports, the shares are commanding a premium of ₹190 per share in the grey market over the IPO price of ₹180. This suggests that the stock could list at around ₹370, offering significant gains to those who are allotted shares.
The Lakshya Powertech IPO has created a buzz in the market with its strong demand and high Grey Market Premium. Whether you’re a retail investor or an institutional buyer, checking your allotment status is the next important step. With a promising listing expected, investors are eagerly waiting to see how the shares perform on the stock exchange.
