Lakshya Powertech IPO Allotment Today: Massive 573x Subscription – Latest GMP, Allotment Status, and Listing Date

After the subscription for the Lakshya Powertech IPO closed last week, attention has now shifted to the allotment. The IPO allotment for Lakshya Powertech is expected to be finalised today.

The ₹49.91 crore IPO, which was open for bids from October 16 to 18, received an overwhelming response, being subscribed 573.36 times overall. The non-institutional buyers’ category saw the highest subscription at 1,117.75 times, followed by retail investors at 590.26 times, and the qualified institutional buyers (QIB) at 212.18 times.

Due to such high demand, shares will be distributed proportionally among retail investors. Lakshya Powertech shares are expected to be credited to investors’ demat accounts on October 22, with refunds for those who did not receive allotments happening the same day.

The SME IPO was priced between ₹171 and ₹180 per share, with a minimum lot size of 800 shares.

How to Check Lakshya Powertech IPO Allotment Status

You can check your Lakshya Powertech IPO allotment status on the BSE website or via KFinTech, the registrar for this IPO. Here’s how:

1. Go to the KFinTech website.
2. Select ‘Lakshya Powertech Limited’.
3. Choose from Application No., Demat Account, or PAN.
4. Enter your Application Number or details.
5. Click ‘Submit’.

Alternatively, you can check the status on the NSE website by logging in and selecting Lakshya Powertech from the dropdown list.

Lakshya Powertech IPO Grey Market Premium (GMP)

The grey market premium (GMP) for Lakshya Powertech indicates strong market interest. The stock is commanding a premium of ₹190 in the grey market, suggesting a potential listing price of ₹370—an increase of 105.56% over its issue price of ₹180. Lakshya Powertech shares are set to list on the stock exchanges on October 23, potentially delivering multibagger returns to investors.