The highly anticipated Lakshya Powertech IPO allotment is taking place today, following an extraordinary level of subscription last week. With a total subscription of a staggering 573.36 times, this IPO has generated immense interest among both institutional and retail investors alike.
| Table of Contents |
|---|
| Subscription Highlights |
| IPO and Allotment Details |
| Grey Market Premium (GMP) |
| Allotment Status Check |
| Conclusion |
Subscription Highlights
The subscription figures for the Lakshya Powertech IPO have surpassed all expectations. Here are the key highlights:
- Total Subscription: 573.36 times
- Breakdown of subscriptions by category:
- Non-Institutional Investors: 1,117.75 times
- Retail Category: 590.26 times
- Qualified Institutional Buyers: 212.18 times
IPO and Allotment Details
The Lakshya Powertech IPO has a total size of ₹49.91 crore and is priced within a range of ₹171 to ₹180 per share. Here are the strategic details regarding the lot size and key dates:
- Minimum Lot Size: 800 shares
Key Dates:
- Credit of shares to Demat accounts: October 22
- Refunds for unsuccessful allottees: October 22
- Expected listing date: October 23
Grey Market Premium (GMP)
As of now, the Grey Market Premium (GMP) stands at an impressive ₹190 over the IPO price of ₹180. This suggests a potential listing price of around ₹370, indicating a remarkable 105.56% increase and making it an attractive investment opportunity.
Allotment Status Check
Investors can easily check their allotment status through the following methods:
KFinTech Method:
- Visit the KFintech IPO status page.
- Select ‘Lakshya Powertech Limited’.
- Choose to enter Application No., Demat Account, or PAN.
- Enter the requested details and captcha.
- Submit to view the status.
NSE Method:
- Visit the NSE IPO allotment status page.
- Log in using your credentials.
- Select ‘Lakshya Powertech’ from the dropdown.
- Enter your PAN and IPO application number.
- Submit to check the status.
Conclusion
The Lakshya Powertech IPO has certainly captured significant attention, showcasing a remarkable level of enthusiasm from investors. With its promising subscription rate and strong GMP, this IPO presents a substantial opportunity for those seeking returns on investments. Investors are highly encouraged to check their allotment status and understand their position in this bustling market.
FAQ Section
What is Lakshya Powertech?
Lakshya Powertech is a company engaged in the manufacturing and distribution of electrical components and solutions.
What does IPO stand for?
IPO stands for Initial Public Offering, a process through which a privately-held company offers shares to the public for the first time.
What is the significance of the Grey Market Premium (GMP)?
The Grey Market Premium indicates the demand for shares in the grey market prior to the official listing. A higher GMP means strong market sentiment and expectations for the stock’s performance post-listing.
