Lakshya Powertech IPO Allotment Status

Summary

Lakshya Powertech IPO has received an extraordinary response from investors, closing with a remarkable subscription of 573.36 times by 18th October 2024 at 5:15:59 PM (Day 3). The public issue witnessed overwhelming demand across all investor categories. The Non-Institutional Investors (NII) category led the charge with an exceptional subscription of 1,117.75 times. The Retail Investors segment also showed tremendous interest, subscribing 590.26 times. The Qualified Institutional Buyers (QIB) portion demonstrated strong engagement, subscribing 212.18 times. The Anchor Investors and Market Maker portions were fully subscribed. This exceptional response across all categories underscores the overwhelmingly positive market sentiment towards Lakshya Powertech's offering and suggests extremely optimistic investor expectations for the company's future performance.

How to Check Lakshya Powertech IPO Allotment Status:

How to Check Lakshya Powertech  IPO Allotment Status on the Registrar's Site?

Step 1: Visit the web portal of Kfin Technologies Limited (https://ris.kfintech.com/ipostatus/)

Step 2: From the dropdown menu, select Lakshya Powertech  IPO.

Step 3: Choose one of the following modes: PAN ID, Demat Account number, or Application number.

Step 4: Enter the information relevant to the mode you have chosen.

Step 5: For security purposes, fill out the captcha accurately.

Step 6: Click "Submit."

How to Check Lakshya Powertech  IPO Allotment Status on BSE/NSE:

On the websites of the Bombay Stock Exchange (BSE) or National Stock Exchange (NSE), investors who placed a bid for the Lakshya Powertech  IPO can monitor the allotment status:

Step 1: Visit the BSE website (https://www.bseindia.com/investors/appli_check.aspx)

Step 2: Select "Equity" in the Issue Type dropdown.

Step 3: Select "Lakshya Powertech  Limited" from the dropdown menu under "Issue Name."

Step 4: Enter your application number and PAN ID

Step 5: Click 'I am not a robot' and then click "Search."

How to Check IPO Allotment Status in a Bank Account:

Log into your Internet Banking: Go to your bank's website or mobile app and log in.

Explore IPO Section: Locate the "IPO Services" or "Application Status" sections.

Offer Required Information: Provide information like your PAN, application number, or other identifiers.

Verify Allotment Status: Once you submit your information, an IPO allotment status indicating the available allocation shares should appear.

Verify Status: To ensure accuracy, you can verify the status with the IPO Registrar or use other resources.

How to Check IPO Allotment Status in a Demat Account?

Open Your Demat Account and Log in: Use the mobile app or website of your Depository Participant (DP).

Find IPO Section: Look for the section titled "IPO" or "Portfolio."

Verify IPO Allotment Status: Check if the allocated shares are visible in your Demat account.

Verify with Registrar: If the IPO shares are inaccessible, visit the Registrar's website and enter your application data to verify allocation.

Contact DP service if Needed: If there are any discrepancies or problems, contact your DP's customer service.

Lakshya Powertech IPO Timeline:

Lakshya Powertech  IPO Subscription Status

Lakshya Powertech IPO received 573.36 subscriptions. By 18th October 2024 at 5:15:59 PM (Day 3), the public issue had been subscribed 590.26 times in the retail category, 212.18 times in the QIB category, and 1,117.75 times in the NII category.

Subscription Day 3 (as of 5:15:08 PM)

Subscription Day 3 (as of 5:15:59 PM)
Total Subscription: 573.36 times
QIB: 212.18 times
NII: 1,117.75 times
Retail investors: 590.26 times

Subscription Day 2
Total Subscription: 168.09 times
QIB: 12.78 times
NII: 206.78 times
Retail investors: 255.38 times

Subscription Day 1
Total Subscription: 61.71 times
QIB: 1.37 times
NII: 64.61 times
Retail investors: 100.68 times

Lakshya Powertech IPO Details

Lakshya Powertech's initial public offering (IPO) is a book built issue amounting to ₹49.91 crores. This offering consists of a fresh issue of 27.73 lakh shares.

The bidding process for the Lakshya Powertech IPO commenced on 16th October 2024 and is set to conclude on 18th October 2024. The allotment results for this IPO are anticipated to be finalised on 21st October 2024. Furthermore, the shares of Lakshya Powertech are set to be listed on the NSE SME, with a provisional listing date scheduled for 23rd October 2024.

The Lakshya Powertech IPO price band has been established between ₹171 and ₹180 per share. Investors must apply for a minimum lot size of 800 shares, which requires a minimum investment of ₹144,000 for retail investors. For non-institutional investors (NII), the minimum investment consists of 2 lots (1,600 shares), totalling ₹288,000.

GYR Capital Advisors Private Limited serves as the book running lead manager for the Lakshya Powertech IPO. Kfin Technologies Limited is designated as the registrar for this offering.