Laxmipati Engineering Works Ltd IPO

Closed

Subscription Details

  • Open Date 18 Feb
  • Close Date 21 Feb
  • Lot Size 6000
  • IPO Size ₹ 6.86 Cr
  • IPO Price Range ₹ 25
  • Min Investment ₹ 150000

Laxmipati Engineering Works Ltd IPO Timeline

Open Date
18 Feb
Close Date
21 Feb
Basis of Allotment
-
Refunds
-
Credit to Demat Account
-
Listing Date
-

IPO Synopsis

Public issue of 27,42,000 equity shares of face value of Rs. 10/- each fully paid for cash at a price of Rs. 25 per equity share (the issue price) (including a share premium of Rs. 15 per equity share) aggregating Rs. 6.86 crores (the issue) by the company, of which 11,58,000 equity shares of Rs. 10 each will be reserved for subscription by the promoter (the promoter contribution) and 1,44,000 equity shares of face value of Rs. 10/- each will be reserved for subcription by market maker to the issue (the market maker reservation portion). The issue less the promoters contribution and the market maker reservation portion i. e. Issue of 14,40,000 equity shares of face value of Rs. 10/- each is hereinafter referred to as the net issue. The issue and the net issue will constitute 47.67% and 25.03%, respectively of the post issue paid up capital of the company. The issue price is Rs. 25 The issue price is 2.5 times of the face value

How to apply for an IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Laxmipati Engineering Works Ltd IPO

Contact Information

Address

Office Block Plot No 237/2&3,
A/25 Central Park Society GIDC,
Surat, Gujarat 394221

Laxmipati Engineering Works Ltd IPO Lead Manager

Pantomath Capital Advisors Pvt Ltd
Open Demat Account